Cost Knowledge Approach to Purchasing Injection Molded Components
Purpose:
Provide the knowledge required to develop specific cost breakdowns and should-be models to estimate costs, pricing, and key manufacturing metrics for injection molded components.
Scope:
This course is intended for purchasing teams that want the skills to successfully negotiate direct materials pricing with molding suppliers. This course provides training, examples and real-life cases based upon knowledge-based price negotiations with suppliers.
Audience:
Buyers, commodity managers, and purchasing managers with experience analyzing detailed cost breakdowns
Objectives:
After attending this course, attendees will be able to:
- Understand the key elements that molding detailed cost breakdown formats need to incorporate to make understanding costs and building should-be models easy
- Build should-be molding cost models based upon supplier detailed cost breakdowns and physical part attributes
- Use physical part attributes of components to build models and to estimate cost, machine tonnage requirements, cycle time and scrap percentages
- Systematically analyze supplier quotes against cost models to identify specific cost reduction opportunities
- Successfully prepare for molding cost negotiations using should-be cost models
- Develop strategic approaches for negotiations that will lead to better results and more productive relationships
Download a one page course summary HERE
