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Cost Knowledge Approach to Purchasing Injection Molded Components

January 9, 2020 @ 8:00 am - 5:00 pm

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

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Details

Date:
January 9, 2020
Time:
8:00 am - 5:00 pm
Event Category:

Venue

Grand Rapids – WMU Downtown
200 Ionia Ave SW
Grand Rapids, MI 49503 United States