Ten tips to buy molds
1. Know your mold vendors. 2. Make sure the quotes are fairly equal (apples-to-apples) for the type of mold you are buying.
3. Understand what it is you're buying, i.e. mold type.
4. Understand the costs involved in the type of mold being purchased.
5. Look at the "total cost of ownership" of the mold, not just the quoted price.
6. Issue purchase orders for new molds and invoices for down payment/progress payments in a timely manner. Issue purchase orders for ECOs in a timely manner as well.
7. Formalize all communications in writing to reduce chance of misunderstandings.
8. Educate mold vendors in your purchasing procedures to reduce time and eliminate errors.
9. Communicate regularly with engineering and the moldmaker to minimize misunderstandings about schedule changes or additional costs that might be incurred.
10. Become educated about moldmakers and the services and products they provide, and choose your mold vendor based on capabilities in addition to delivery and price.
LINK Purchasing.com
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