Capital Equipment Purchasing: Big Risk, Big Dollar, Big Results
Take control of your organization’s capital spend budget. This popular seminar will help you purchase high-dollar capital equipment while minimizing risk and maximizing profits. The seminar focuses on achieving organizational objectives by enhancing the capital expenditures process and determining when to use lease-versus-buy alternatives.
Who should attend
Professionals who want to learn how to effectively purchase large-dollar capital equipment while minimizing risk and maximizing profits.
Suggested prerequisites: Contracting: What All the Ts and Cs Mean (formerly Contracting Basics: What All the Ts and Cs Mean) and/or Legal Foundations of Supply Management: The Basics You Need to Succeed (formerly Legal Aspects of Supply Management).
You will earn 14 CEHs for this seminar
You will learn
- How to use the capital expenditure process to achieve corporate objectives
- How to effectively source capital purchases
- When to make lease-or-buy alternative decisions
- How to control a capital budget
- How to manage negotiations and supplier relations during the process.
- Capital expenditure analysis; Capital expenditure definition; Understanding the corporate planning cycle; Capital expenditure evaluation and control tools; Strategic plan; Capital forecasts; Operating forecasts; Operating budgets; The capital expenditure process
- Capital equipment purchasing overview; Achieving the corporate objective; Capital analysis; Components of the cost of capital and methods to determine capital cost; Financial return analysis methods; Project evaluation techniques
- Supplier sourcing; Supplier financial analysis; Site visits; Bid process, evaluation, and selection criteria
- Negotiations in capital purchasing; Control of negotiations and supplier relations; Goals and objectives; Planning and preparation; Elements of a successfully negotiated contract
- Lease-versus-buy alternatives; Definition and IRS qualifications of a lease; Lease terminology; The lease-versus-buy decision process; Leasing and purchasing cost evaluation
- Administration of the capital acquisition; Responsibility for forecast preparation; Capital budget tracking systems; Controlling capital projects in progress
- The post-completion audit; Purposes of audits and types of post-completion audits; Form and content of post-audits; Problems of post-audits and some solutions
|May 29-30, 2019||Dallas, TX||William D Agee Jr, C.P.M||Register|