In-Company training for the Supply Chain Professional
Purchasing Capital Assets
Course Objectives
To cover the practical aspects of specifying, tendering, and evaluation of competing options for capital expenditure. A practical tools and techniques oriented course aimed at arming attendees with a toolkit for managing this element of their procurement mix.Course Contents
Day OneDefining assets
Financial definition
What is the organisations commitment to asset procurement?
The impact of asset procurement on the financial position
Managing tenders for assets
The importance of specification
Getting the specification right
Using performance specifications to increase options for supply
Seeking and selecting suppliers
Finding suppliers in a worldwide market
Appraising suppliers
Developing a consistent approach
Tendering on a total life cost basis
The total cost of ownership or total life cost
Examples of added costs
Evaluating offers on a total life cost basis
Using discounted cash flow techniques
Day Two
Setting up contracts
Contractual terms for TCOO
Intellectual property rights
Battle of the forms
Remedies for default
Managing the ongoing relationship
Variations to contract
Buying spares
Upgrades
Maintenance
Disposal
Who Should Attend
All teams involved in the management of asset procurement. Engineers and decision makers also involved in the procurement of assets.Duration
A 2-day single manned course.
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