The Purchasing of Tooling and Capital Equipment
June 18-19, 2019
One of the most significant purchase decisions a supplier manager, buyer, or operations manager can make – the ramifications of which can impact an organization for years.
Agenda:
- Foundations of Capital Equipment Purchasing
Capital Equipment Defined
Capital Planning
Project Priorities
CE Budgets
Capital Expenditure Process - The Purchasing Process
Steps to Consider in the Process
Supplier Sourcing
Supplier Visits
Reports to Review
Preparation for Solicitation
RFQ/IFB/RFP - Tooling
Introduction
To Capitalize or Not…
Benefits of Tooling
Disadvantages of Tooling - Negotiations for CE and Tooling
Success Criteria
Negotiation Checklist
Item for which to Negotiate
Preparation and the Team - Capital Agreement Contract
Contract Clause Review
General Legal Considerations - Lease vs. Buy Alternatives
Accounting and IRS Concerns
Definitions of a Lease
Lease vs. Buy Decision Process
Lease vs Buy Worksheets - Contract Administration of Capital Acquisitions
Controlling Project Progress
Tracking Systems
Administration of CE Contracts/POs
Source Selection Plan
Areas to be Controlled
Contract Closure
Post-Completion Audit
Problems and Solutions with Audits