Attend our New Cost Management Certification Program – a 4 Month Development Program for new buyers seeking essential skills and experienced buyers seeking cutting edge techniques to success Click Here to Download our Brochure I have always thought that good buyers transition into good managers and finally good leaders. What characteristics do good buyers…
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…
We have 15 years of data that shows that buyers who move from price-focused, competitive purchasing to cost/value-focused, collaborative purchasing can achieve savings of 8-18% (see figure). I wish we had a similar level of data on the career progression experienced by buyers who develop cost knowledge and utilize it in a collaborative way. I think…
Many resin prices hit bottom in April and May due to a combination of evaporating demand and steep price drops for oil in North America. June and July have brought rebounds even though demand has not fully recovered, primarily because of increases in natural gas and oil prices, as well as growing demand for exports…
Pricing for most resins appears to have bottomed out in April. A variety of factors are driving commodity resin prices up in North America, including improving demand and rising feedstock costs, as well as idled production for PE. There are still opportunities for plastics manufacturers to lock in historically low resin pricing, but it’s not…
Some buyers just have a knack for getting suppliers to do what they want them to do, especially when it comes to providing cost transparency. Suppliers agree to provide buyers cost breakdowns, back-up data and even access to financial information.
North American resin prices continue to be extremely dynamic, offering manufacturers of plastics products a unique opportunity to lock in long-term agreements with favorable pricing. Demand for resins will begin to rebound as key industries scale back up, and historically low oil prices are already beginning to trend upwards. Most North American resins saw price…
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…
Need to drive cost reductions that deliver bottom line financial results? APD’s experienced consultants and commodity experts execute Optimal Sourcing projects to deliver significant savings, with pricing mechanisms in place to sustain gains over time. We have a long history of successful cost reduction initiatives in both direct materials and indirect/MRO. Click here to learn…
The global economy is undergoing a Digital Transformation at a record pace. Connected data, departments, companies and industries are driving transformation to use the latest technologies to do things better. Digital transformation enables purchasing organizations to transform from disconnected data and single point decisions to connected data and better decisions. APD’s Cost Management and Digital…