Dr. Ed Marien is currently president of Marien & Associates in Lodi, WI, and emeritus professor at the University of Wisconsin and director of its Supply Chain Logistics Management program. He has done a substantial amount of research and writing on a variety of purchasing and strategic sourcing strategies. He discussed his insight and perspective on the concept of “Supplier-Price-Cost Management” in this interview with Supply Chain Digest. Part 1 is available at: Understanding Supplier Price-Cost Management in Sourcing
Supply Chain Digest: How do the concepts we talked about last time – such as understanding the difference between purchase price and actual cost, relate to strategic sourcing programs?
Marien: What you begin to do is to look at procurement decisions through a couple of specific filters.