Understanding Cost

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 the plan to close the gap?”

He was right…whether they are doing it consciously or not, almost all buyers and purchasing organizations are trying to answer these questions. When they are successful, they have achieved Optimal Costs.

Since 2004, Advanced Purchasing Dynamics has been providing purchasing organizations with the skills and knowledge required to understand and negotiate should-be costs.

The knowledge we have gained is available through our Cost Management Certification Program (click to learn more) and customized training for organizations (click to learn more).