Cost Knowledge Approach to Purchasing Die Cast Components

Purpose:

Provide the knowledge required for purchasing professionals buying die cast components.  Participants will learn how to develop specific cost breakdowns and should-be models to estimate costs, pricing, and key manufacturing metrics for die castings.

Scope:

During the training you will learn the skills to successfully negotiate direct materials pricing with casting 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