Press Release February 4th, 2020
Advanced Purchasing Dynamics (APD) Presents A Cost Management and Digital Transformation Strategy for Buying Organizations at OESA’s Chief Purchasing Officers Council Meeting
APD’s Cost Management and Digital Transformation Strategy for Buying Organizations is a step-by-step approach to position a buying organization for digital transformation and Purchasing 4.0
Plymouth, Mich. – February 4, 2020 – Advanced Purchasing Dynamics, the leader in cost management and purchasing development, recently presented A Cost Management and Digital Transformation Strategy for Buying Organizations at the Original Equipment Supplier Association (OESA) quarterly Chief Purchasing Officers Council meeting. The strategy changes the way a buying organization functions, elevates the effectiveness of the buying organization and moves a buying team into the category of a High Performing Purchasing Organization.
The global economy is undergoing a Digital Transformation at record pace, heavily influenced by concepts of Industry 4.0, Artificial Intelligence (AI) and Machine Learning. Leader of the pack buying organizations are adapting these strategies into Purchasing 4.0 concepts by applying data digitalization and advanced analytics in the pursuit of Optimal cost, quality, quantity, and source.
“A Cost Management and Digital Transformation Strategy for Buying Organizations is a roadmap for buying organizations seeking to excel in this hyper digital world and achieve Purchasing 4.0,” stated APD Founder, Jeoff Burris. “The reality is a digital transformation cannot occur first without a people transformation, elevating the organizational skill set in the area of cost management. Buying organizations that up skill their workforce in the area of cost management are leading the pack and using this knowledge as a competitive differentiator.”
“Advanced Purchasing Dynamics has been working with a number of our member companies for years,” said OESA President and CEO, Julie A. Fream. “We appreciate APD sharing its experience at our Chief Purchasing Officers Council meeting on the emergence of Artificial Intelligence and Machine Learning in the area of purchasing.”
For the complete Cost Management and Digital Transformation Strategy for Buying Organizations, please visit: www.apurchasingd.com/cmdt-strategy/
About Advanced Purchasing Dynamics
Founded in 2004 by Jeoff Burris to feed his passion for understanding costs and working collaboratively with suppliers, APD has a 15-year history of helping clients ﬁnd answers to the four fundamental cost questions:
- What does it cost?
- What should it cost?
- What is the plan to close the gap?
- What is the plan to reduce the should-be cost?
Jeoff has been joined by Managing Partners Michael Betz and Wolfgang Greil who bring a wealth of costing, AI and machine learning experience to the APD team.
Together, Jeoff, Mike and Wolfgang are plotting the course for Purchasing 4.0 where vast sums of cost and pricing data are leveraged with AI and machine learning to provide predictive cost and pricing analytics.
APD Marketing Contact