Latest / The Buyer's Side with Fexingo: Procurement, Sourcing, and B2B Purchasing Decisions
How a Buyer Used Collaborative Cost Modeling to Cut Costs 19 Percent
In Episode 113 of The Buyer's Side, Lucas and Luna explore how one procurement team at a mid-sized automotive parts manufacturer used collaborative cost modeling to reduce spend by 19 percent on a critical component family. They walk through the process: sharing a fully open cost breakdown with three suppliers, inviting them to identify inefficiencies and propose alternatives, and the surprising results including a 12 percent reduction in material waste and a 15 percent cut in labor hours per unit. The episode also covers the cultural shift required, the role of trust, and why this…
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