The Purchasing of Tooling and Capital Equipment
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