Why Purchasing Departments are Choosing to Evolve Digital Transformation in 2022

Are you Living in a Flat Data World?  Most buyers who ask and receive detailed cost breakdowns use them to support the sourcing decision that is facing them and then instead of creating a data pool they put the breakdowns to the side.  They are living in a flat data world.  What is the alternative?…

After decades of rapidly increasing the amount of sourcing in Asia, U.S. manufacturers are accelerating efforts to reduce costs and shorten their supply chains by “nearshoring” to Mexico. There are three main drivers that are bringing urgency to this issue and one little known reason why the time is right for expanding your supply base…

Finding suppliers in Mexico has become much more difficult with the rapid surge of nearshoring activities in the past 18 months.  Recently, seven C-level executives and purchasing leaders at manufacturing companies shared their experiences related to finding suppliers in Mexico at an online Executive Roundtable.  One topic that stood out was the increasing emphasis on…

The domestic automotive industry has been on a tear since bottoming out during the great recession.  Volumes have exceeded the previous peak, and there are plenty of indicators that a growing economy will continue to drive vehicle purchases.  But there are plenty of reasons why growth will stall, ranging from weaknesses in global demand to…

Learn how you can leverage our 15 years of shop floor costing data to move to optimal pricing. OCV is based upon AI and Machine Learning and provides companies with detailed analysis of supplier quotes against best-in-class Optimal Cost Models. High performing purchasing organizations use Optimal Cost Validation to: Engage in supplier negotiations based upon…

At the beginning of the month, I was fortunate enough to attend the Center for Automotive Research (CAR) briefings seminar. The CAR conference had a record 1,000 attendees. While attending world class networking in the evenings, it was great to interact with other executives in procurement, manufacturing, operations, finance and sales. If you have not…