Why Purchasing Departments are Choosing to Evolve Digital Transformation in 2022

A well-designed detailed cost breakdown is the foundation for saving money by enabling the understanding of ‘manufacturing processes and costs. Buyers rely on cost breakdown analysis to reduce material costs and ensure competitive pricing on purchased components. However, the effectiveness of using detailed cost breakdowns is directly correlated with how well the cost breakdowns are…

There is a common mistaken belief that Lemmings hurl themselves off of cliffs in an act of mass suicide to control their population. Actually, the Lemmings are participating in a mass migration. The fortunate land in the water and complete their migration; the unfortunate land on the rocks below. Similar to Lemmings, manufacturers have participated…

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 the questions you should be asking about each commodity that…

As we close in on the end of January, most resolutions have already fallen by the wayside – freeing us up with more time. Now is the accepted time to make your regular annual good resolutions. Next week you can begin paving hell with them as usual.   –   Mark Twain The beginning of the year…

Finding capable suppliers is always a challenge, whether you are focusing on local, regional, or low-cost country suppliers. In addition to reliable supply and competitive pricing, you have to do your homework to vet potential supplier attributes such as: Do they have the right manufacturing processes and experience with the materials you require? Are their…

Advanced Purchasing Dynamics Unveils Optimal Cost Validation Program – Based Upon AI and Machine Learning! Optimal Cost Validation (OCV) enables purchasing organizations to easily understand if they are buying at the right price PLYMOUTH MI -<June 5, 2019>- Advanced Purchasing Dynamics, a leading purchasing consultancy has unveiled a game changing program that will enable purchasing…