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1. Release RFQs and gathering quotations from suppliers

  • Release RFQs related to Transmission and Motor components to new/existing suppliers in North America
  • Receiving ballpark, cost estimate, offer sheet or quotations from new/existing suppliers in North America

2. Review the cost and negotiation of Pricing

  • Analysis of cost standard and supplier’s cost structure
  • Collect and establish cost standard & NA market price by each components

(Material cost, Labor cost, Manufacturing Burden, Amortization of Investment cost, Lump-sum cost etc.)

  • Review prime cost and price negotiation of piece price

3. Development of cost competitive and reliable new local suppliers for North America Localization

  • Investigate/discover of potential supplier to broaden supplier pool in North America
  • Build strategic partnership or long-term partnership for cost competitive suppliers
  • Discuss and explain development schedule in according to project milestone an SOP timing to suppliers

4. Cost Reduction

  • Review and discuss design specification with suppliers (Material, Engineering Spec., Packaging etc.)
  • Investigate potential cost reduction, productivity and VA/VE ideas from suppliers/for each components

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