Good Morning! Would you classify your organizations’ product development buying as strategic or transactional? Are your buyers simply sending out requests for quotes and placing work at the lowest cost supplier? How is cost defined? Are your engineers doing the buying? We’ll get into the other questions on another day, but this morning dive into why it’s not recommended for engineers to buy the parts they design. Salespeople love engineers. Engineers are easy targets. I k

Good Morning! Do you buy motors (copper windings), copper bent tubes, solenoids, brass castings, brass machinings, brass extrusions or any process/ material using copper? Go get your price decrease! The price of copper is down significantly over the last 9 months or so. It’s rebounded a bit of late, but still soft. Now is the time to be aggressive and get the cost savings. We always get the increase letter when prices escalate, but seldom get the letter that prices have sof