7:50 am Chair’s Opening Remarks

8:00 am Keynote: Building a Cost Model for Black Box Electronics: Principles to Consider

Synopsis

  • Assessing the change in requirements for costing black box electronics: where does the gap in knowledge lie?
  • Revealing methods to build governance with a specialized supply base to ensure fair pricing for emerging parts
  • Exploring the potential of applying electronics knowledge in other industries to automotive cost engineering

Harnessing Cost Engineering in an Evolving Industry

8:30 am Electronics Mastermind: Brainstorming for Success

Synopsis

This structured discussion session will guide you through 3 key challenges of costing for electronics. Rotate around the room contributing your thoughts & picking up best practices, and receive a formal post-event report of the industry’s leading answers to the most challenging questions.

Managing & Analyzing Data to Better Predict Changing Vehicle Cost Drivers

  • Outlining the new standard of data required for modern cost drivers: what are your sources of data for components including PCBs, semiconductors, infotainment systems and more?
  • Assessing the feasibility of using index models, supplier databases, or other sources to supplement your internal systems
  • Revealing aspects to consider when updating and analyzing databases for cost drivers: tips for success
Developing Specialist In-House Knowledge to Cost & Make Profit from Software

  • Outlining the significance of accurate software pricing: key differences between market based vs fact based pricing
  • Investigating how to deal with “soft” costs: supplier IP, development costs, and more
  • Discussing top tips for implementation to make profit from software
Revealing Tactics for Predicting Future Rates in a Volatile Trade Landscape

  • Outlining the key factors to consider when predicting labor, material, machining, and other rates in the current trade landscape: how to keep track of the changeability?
  • Assessing the impact of legal & compliance costs on total vehicle cost, and how to monitor it
  • Contrasting methodologies to compare rates: considering quality, safety, value, and more

10:00 am FACTON Presentation: TBC

Synopsis

Since 1998, FACTON has helped automotive manufacturers win more profitable business by improving the way they do product costing and quoting. Our flagship FACTON EPC software standardizes costing across the enterprise and delivers maximum product cost transparency throughout every phase of the product life cycle. Manufacturers accelerate their costing, achieve pinpoint cost accuracy and secure their profitability by working with the FACTON EPC Suite. Our international portfolio of customers includes Ford Motor Company, Henniges Automotive, DURA Automotive Systems, Airbus, Mahle Behr, MANN+HUMMEL, Porsche and other renowned manufacturers.

10:30 am Speed Networking & Morning Refreshments

Managing a Complex Supply Chain

11:45 am Case Study: Building Transparency & Leveraging Expertise in Supplier Negotiations

Synopsis

  • In the context of a limited supply base for specialist parts, how best do you work with suppliers to receive a fair cost breakdown?
  • Hearing how to leverage your positioning as a supplier – of whatever size – in negotiations
  • Outlining what tools need to be developed to ensure that even in the case of a lack of transparency, your cost model will be robust enough?

12:15 pm Panel Discussion: Comparing Advantages & Disadvantages of a Localized vs. International Supply Base

  • Raluca Mihu Director – Program Finance, DURA Automotive
  • Marc Pearlman Director of Cost Estimating & Administration, Unique Fabricating Inc.

Synopsis

  • Exploring considerations when assessing a supply base in addition to cost: what factors does your organization value?
  • Debating the monetary and logistical impacts of transitioning to a localized or international supply base
  • Weighing up the consensus of local or international: what strategies are being adopted into 2020?

12:45 pm Networking Lunch

1:45 pm Audience Perspective: Discussing the Impact of Trade Wars & Tariffs on Total Vehicle Cost & How to Mitigate Effects

Synopsis

  • What are the impacts of newly imposed tariffs on total vehicle cost – both directly and indirectly?
  • How are trade issues more generally impacting the role of cost engineers or purchasing departments across the automotive industry?
  • Brainstorming an action plan for moving forwards successfully: what can be done strategically to mitigate negative impacts of the global economic environment?

2:15 pm Case Study: Leveraging Early Supplier Engagement for More Efficient Costing Process

  • Ed Pretzel President , Collaborative Supply Chains

Synopsis

  • Exploring best practice to engaging suppliers early in product development: how can they aid cost optimization, as opposed to later stage cost reduction?
  • Summarizing the key barriers to earlier engagement: what needs to be done on both sides to aid partnership?
  • Discussing how to strategize a sustainable supplier agreement model to standardize supplier relationships: is this possible?

2:45 pm Afternoon Refreshments

3:30 pm Case Study: Leveraging Should Cost Data for Strategic Sourcing

  • Michael Wildt Founder & Managing Partner, Global Supply Innovations

Synopsis

  • Exploring how to drive significant savings by conducting fact-based negotiations with suppliers using Should Cost data
  • Revealing how to use should cost data to combat price increase requests from your supply base
  • Tips and tricks: effectively implementing a Should Cost Program within a global manufacturing organization

Enhancing Standards for Cost Engineers

4:00 pm Case Study: Building the Skillset of Your Cost Engineering Team to Adapt to Industry Disruption

Synopsis

  • Revealing how to identify the gaps in knowledge of your cost engineering team in relation to recent industry changes
  • Sharing how to cater to different schools of experience in your organization: how do you train traditional cost engineers for a more dynamic and ambiguous space?
  • Imparting successful tactics for transforming the skillset of cost engineers: top tips in training, hiring, and more

4:30 pm Chair’s Closing Remarks

4:40 pm End of Conference Day One

4:45 pm Networking Reception: Hosted by FACTON