Capital Equipment and Tooling (2 Days) - HSO

The Purchasing of Tooling and Capital Equipment

One of the most significant purchase decisions a supplier manager, buyer, or operations manager can make - the remifications 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

June 18-19, 2019

8:00 am - 4:00 pm

Instructor: Bill Agee