Industry Calendar
As buyers we are asked to scour the globe for the lowest manufacturing cost alternatives for the products we buy. But if we only take manufacturing costs into our decision making process we are likely to be surprised. Almost all companies add the cost of freight and duty into their calculations/analysis. But what about the cost of quality rejections, the cost of additional inventory, the cost of incorporating design changes and others….
What factors should be included when evaluating global sourcing opportunities and how to include costs in your analysis will be covered in this webinar which will go beyond Total Acquisition Costs to explore how we should assess Total Relationship Costs.
Ed Pretzel, Director, Supplier Cost Engineering, Advanced Purchasing Dynamics and Jeff Collins, Chief Procurement Officer, Air International Thermal Systems, will lead the August 29th discussion where we help attendees:
1. Understand what could be included to so that sourcing analysis includes total acquisition and total relationship costs over time.
2. Learn how to analyze risks on a specific sourcing decision.
3. Have an excel based take away tool that can be used for future analysis.