Cost Modeling - A game changer for procurement decision makers

Cost Modeling - A game changer for procurement decision makers What is the webinar about? Supply Chain Management is imperative to increase operational efficiency of any business. Today, category managers are facing a multitude of supply chain problems like cost containment, sustainability issues, leveraging technology effectively etc. Some of the important areas that are related to procurement today would be best cost country sourcing, product substitution, supply chain integration and others. Cost Modeling has been utilized to explain parameters such as cost components and cost drivers traditionally; however, there are areas where cost modeling can be immensely useful for decision making. Watch Aditi Dev, Beroe's Cost Modeling expert and Dr. JR Murti, an industry expert when they provide insights on how a cost model can resolve procurement related issues and thus, serve as a better supply chain tool.

About the speakers:

Aditi Dev: Aditi is a cost-modeling expert at Beroe Inc. Her expertise helps her in addressing client specific costing and procurement intelligence queries with respect to costing. In her one and a half years at Beroe, Aditi has built extensive knowledge and expertise in developing procurement insights based on cost-models which cut across various domains like pharma products, mining, chemicals, agro, packaging etc. Aditi has written several thought leadership papers including "Use of parametric cost-modeling and metamorphosis of cost-models" which focus on the future usage and development of cost-models. Dr. JR Murti Dr. J. R. Murti, (Ph.D; Indian Institute of Science) and an MS (General Management) from New York University, is accidental biotech entrepreneur. Over three decades he has been an academician, scientist, technologist, consultant and administrator. By circumstance, he is mentoring pro bono FOUR startups in his personal capacity. Currently in Bangalore, his biotech startup is focused on Commercial bionutritionals, active biopharma ingredients, designing green membrane_process technologies in health_wellness, biopharma and bionutritional production processes.