Capex Machinery Procurement

How to mitigate commercial risks and get best value from capex & machinery procurement

Appreciate the total costs (including hidden costs) involved in machinery purchasing

Know how to align priorities with stakeholders

Who should attend this course?

• Procurement, Engineering, Manufacturing or Project Management team members

• Anyone who wants their machinery or capex project to deliver best overall value

• People interested in implementing a “joined-up” machinery acquisition strategy either now, or in the future

• Anyone new to the world of machinery procurement

Session 1

• What is Capex and what makes it different to Opex?

• How does the project link to corporate objectives?

• The different perspectives of machinery procurement – what do stakeholders want?

• Strategic thinking - asset requirements and limitations

• Evaluating the total acquisition cost of Capex machinery

Session 2

• The role of Procurement in a Capex project

• Assessing supplier power and Procurement’s ability to wield influence

• Hidden sources of value in machinery procurement

• Defining scopes of work (“SOW”)

Session 3

• Capex management approaches

• Successful sourcing – what you need to know

• Contracting and risk management – contract terms you must include

• Structuring supplier payments

Session 4

• Project management in Capex projects – how to plan effectively

• Governance and communication

• Post installation – what you need to consider

• Pitfalls and “watch-outs” - real life examples

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