Skip to the content

The impact of skills & training on cost modeling

CAPS Infographic -  The impact of skills & training on cost modeling

We asked what factors negatively impact effective cost modeling, and top overall impediment was lack of readily available cost data, at 54%; however, the remaining responses revolved around skills and training. Training budgets averaged $1,265 per FTE in 2021 (Metrics of Supply Management, CAPS Research, 2021). Revisiting training could help address the gaps in cost modeling and increase cost savings.   

Cost Models in Today’s Business Environment is available to CAPS members in the CAPS Library now.

About the author

CAPS Research

CAPS Research

Take a survey,
get a report

Non-members can receive the report of each survey they submit.
Members can access all reports, but are encouraged to submit surveys to
increase the comparative breakouts only they receive.