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: What does it cost? What should it cost? What is…
Have you experienced unprecedented upward pricing pressure over the past 3 years? Purchasing leaders are telling us that they are under increasing pressure to increase cost savings efforts and results. This has been a challenge to say the least, with unrelenting price increases for the last 3 years. When working with clients on engagements, we are finding that a commodity-by-commodity…
Cost models provide companies valuable benchmarks to validate supplier pricing. Used effectively, they help drive optimal design, reduce the time required to bring products to market, and help companies succeed. Coupled with advanced analytics they can be used to predict supplier pricing. Jeoff Burris started Advanced Purchasing Dynamics in 2004 to help companies with collaborative,…
Purchasing success cannot be achieved by Purchasing organizations or individual Buyers without understanding costs. But what does it mean to understand costs and how can you expand your costing skills? One of the best Purchasing leaders in the manufacturing industry explained understanding costs to us this way: “The best purchasing organizations and buyers can answer…