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…

6 Steps to Develop a Dynamic Negotiation Culture

Having strong negotiation skills within a purchasing group yields a multitude of benefits.   It empowers buyers to secure more favorable deals, resulting in cost savings and increased profitability for the organization  It results strengthen supplier relationships for long-term collaboration and resilience against market changes  It…

Operational Excellence in Manufacturing: Unleashing the Power of Interim Talent 

A guest blog by MetaExperts In manufacturing, every second and strategic decision counts, and operational excellence (OpEx) isn’t just a goal; it’s the secret sauce to outmaneuvering the competition. If becoming an industry leader is on your list of your goals, it may be time…

The Transformative Impact of Interim Talent in Modern Procurement for Manufacturers

A guest blog by MetaExperts In the rapidly evolving world of manufacturing, staying ahead in procurement and purchasing is essential. By bringing skilled interim talent into the mix, manufacturers are finding innovative solutions to their most challenging business hurdles, achieving rapid breakthroughs that were once…

Achieving Cost Savings in 2024: Advanced Purchasing Strategies

Advanced Purchasing Dynamics recently surveyed purchasing leaders concerning the challenges they would be facing in 2024.  A top concern of the purchasing leaders is that their companies are expecting them to deliver an unachievable amount of savings in 2024.  While savings are always a purchasing…

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…

Creating a Winning Negotiation Culture

Introduction:  Having strong negotiation skills within a purchasing group yields a multitude of benefits. Firstly, it empowers the team to secure more favorable deals, resulting in cost savings and increased profitability for the organization. Secondly, effective negotiation builds stronger relationships with suppliers, fostering collaboration and…

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…

Cost Savings Insights from Manufacturing Leaders  

Purchasing leaders and C-suite executives recently gathered to discuss what’s working and not working in the pursuit of cost savings in the current economic environment. A dozen leaders from manufacturing companies from a variety of industries recently shared their insights over two online executive roundtables. Below is…

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:…

The Power of Strong Supplier Relationships in Nearshoring and Sourcing Opportunities 

In the face of global challenges, such as supply chain disruptions and shifting market dynamics, manufacturing OEMs are seeking alternative solutions to meet their production demands. One country that has emerged as an attractive option for opening production facilities with shorter delivery routes is Mexico….

Navigating Purchasing 4.0: Your Path to Success in Digital Transformation

Cutting edge purchasing organizations are embracing a digital transformation to leverage technology for smarter decision-making and improved results. This transformation, known as Purchasing 4.0, empowers purchasing organizations to optimize costs, connect with optimal suppliers, and ensure optimal quality levels. In this article, we will explore…

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 Critical Mistakes When Restructuring the  Supply Base 

Tariffs, covid, shortages, war, and inflation.  We have experienced over 5 years of chaos that have had purchasing professionals restructuring their supply chains.  However, due to the unprecedented issues requiring immediate firefighting, sometimes shortcuts are taken and the restructuring results are not favorable.  What mistakes…

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: …

Recovering from unprecedented price increases – 4 tips for using a commodity-by-commodity approach

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…

Still an Optimal Time to Take Advantage of Supplier Nearshoring

Currently in China, “Zero COVID” policies continue to be implemented that imply extensive confinements. According to The Inter-American Development Bank (IDB), there are estimates that suggest around 79% of US manufacturing companies in China have already started or have plans to relocate part of their…

Are there Capable Machining Suppliers with Capacity in North America?

Nearshoring is becoming an important initiative for global manufacturing companies that haven’t already established a strong North American supply base. It’s making more sense to “make where you sell and buy where you make” given ongoing freight challenges and shifting economics (mainly labor costs and…

Go Bionic

Go Bionic – is the recommendation made to CEO’s the Boston Consulting Group’s (BCG) recently published book makes in its recently published book Profit from the Source1. BCG lays out some ideas for creating a bionic purchasing department combining technology/data and skilled and knowledgeable personal…

Why Purchasing Departments are Choosing to Evolve Digital Transformation in 2022

Purchasing Departments are accelerating Digital Transformation efforts in 2022 to escape the pitfalls of conducting business with excel, eliminate the clutter, organize their data, and ultimately become more efficient.  Given the last 2 years with COVID, Digital Transformation in purchasing has become an essential hot…