The Purchasing of Tooling and Capital Equipment
Capital equipment and tooling decisions represent some of the most complex and financially impactful investments an organization makes. This course provides a practical, end-to-end understanding of the capital purchasing process — from planning and sourcing through negotiation, contracting, and post-completion review.
Participants will explore how to evaluate capital needs, manage budgets, conduct supplier selection, and navigate tooling considerations while minimizing long-term risk. The course also covers lease-versus-buy decision-making, contract administration, and audit readiness to help ensure capital investments deliver expected value.
Designed for supplier managers, buyers, operations leaders, and anyone involved in capital acquisition decisions, this session equips participants with tools, frameworks, and checklists they can immediately apply to real projects.