Procurement Engineering from supplier point of view

First guess probably everyone has when he think about procurement engineering is cost saving for OEM/customer. Sure, this is not the only value for the customer there are some more. But one advantage might not be present immediately. The benefit for the supplier!

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Cost Engineer vs. Procurement Engineer

In the course of my different positions within procurement pretty often people asked what is actually the difference between a Procurement Engineer and a Cost (Value) Engineer. Why Value in brackets? Cost Engineer is more common, but in some organizations the position of a Cost Engineer is also designated as Cost Value Engineer. Where does the confusion come from?

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