Top 3 Reasons Purchasing Leaders Send Their Teams to Purchasing Training

Training and developing teams in purchasing are important goals for purchasing leaders, now more than ever. For the last four years, purchasing teams have had many additional challenges in the supply chain creating day-to-day challenges: Covid, price increases, inflation, tariffs, and wars throughout the globe…

5 Tips for a More Strategic Purchasing Approach 

Becoming more strategic in purchasing involves a shift in mindset, processes, and priorities.  Here are 5 key tips to become more strategic and enhance your purchasing strategy:  Understand the difference between tactical and strategic:  Clearly distinguish between tactical and strategic purchasing.   Tactical purchasing is transactional…

The Importance of Cultivating Strong Supplier Relationships 

Cultivating strong supplier relationships is essential for the success and sustainability of your company.  Strong supplier relationships can lead to better pricing, improved quality, reliability, and shorter delivery times.  Here are some strategies to help you cultivate and maintain strong supplier relationships: Clear Communication: Establish open…

Why Understanding and Using Cost Models Drives Successful Outcomes 

Cost models can play a crucial role in driving successful outcomes for purchasing departments. Used effectively, they help drive optimal design, reduce the time required to bring products to market, and help companies succeed. Here’s how cost models contribute to achieving favorable outcomes in purchasing:…

Finding Untapped Savings Opportunities

Having experienced unprecedented upward pricing pressure over the past 2 years, purchasing leaders are telling us that they are under increasing pressure to increase cost savings efforts and results.   A commodity-by-commodity review of company spend can often turn up untapped, easily implementable savings.   To start, take the time to write down…

5 Steps to Cost Success

Purchasing success cannot be achieved by purchasing organizations or individual buyers without cost success. But what is cost success?  One of the best purchasing leaders in the manufacturing industry explained it to us this way:  “The best purchasing organizations and buyers can answer these questions: …