Advanced Purchasing Dynamics published an article in Supply Chain Management Review exploring how procurement organizations can shift from using cost breakdowns for negotiation and price validation to strategic decisions such as make-versus-buy or reshoring.
Published
Signal category
Research & Knowledge
Quote
“Research involving 100 procurement and supply chain professionals found that 85% use cost breakdowns for negotiation and price validation, but only 30% use them for strategic decisions such as make-versus-buy or reshoring.”
— Jeoff Burris|Advanced Purchasing Dynamics team
Company
Advanced Purchasing Dynamics
Making Purchasing a Competitive Advantage
- Industry
- Business Consulting and Services
- Location
- Plymouth, US
- Company size
- 15 employees
Founded in 2004, APD has helped manufacturers create competitive advantage through the application of knowledge-based cost management. APD uses proven cost engineering approaches, combined with extensive industry application experience, to help companies achieve lower costs while building stronger supplier relationships. Clients routinely achieve 8-18% savings on direct material purchases with project ROIs that return 5 to 15X consulting fees in first year’s savings. APD helps companies by: • Implementing projects that improve the bottom line, ranging from savings roadmaps to should-be cost development to strategic sourcing implementations • Unlocking savings with big data analytics for purchasing, including knowledge-based cost management software and services • Enhancing the capabilities of their purchasing team through placement and buyer skill development training
Founded 2004