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Meeting Minutes November 2, 2004. Net Materials FY05 Net Materials submitted 1 st quarter +6.4%, up 1.2% from financial review +5.2% due to steel, +$6.7M impact FY05 reverse auction plan – $13.0M Effective November 9, we will review weekly, be prepared to discuss your auctions
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Meeting Minutes November 2, 2004 • Net Materials • FY05 Net Materials submitted 1st quarter +6.4%, up 1.2% from financial review +5.2% due to steel, +$6.7M impact • FY05 reverse auction plan – $13.0M • Effective November 9, we will review weekly, be prepared to discuss your auctions • Consolidate Finish Goods Planning into Rosemont • Establish FY05 inventory plan for finished goods – meeting November 5 • Map out new sop process & review consignment program w/ Finance • Contact Management - Review open item list weekly • Change what prints on PO's, testing templates, rollout by end of September, pushed out to November • MIS Issues • Monthly MIN corrections of missing supplier codes to be sent to Steven – Next feed November 10 • Min Freight Terms, Port Codes, Title Transfer, Validate Clause Codes – Traci Grever to manage input for November 10, MIN submission • Correcting duplicate supplier codes – Michael Skrypek to follow up w/ Doug • Other Issues • Commodity review December 8, schedule reviewed for actions – no timing issues • Inflation model 5 year forecasts need to be updated CORRECTION, DUE November 12 • Everyone to update FY04 & FY05 travel tracking sheet by November 9
Meeting Minutes November 2, 2004 • Susan Channell • Auctions: • Stampings – locknuts & HCS clips (currently at CBC) November 22 • Spinning auction – November 30 • MPC Enclosure auction – December 15 • Mark D’Amico • Auctions: • Power supply auction cost breakdown received • Ballast proposals received, under evaluation • Pursuing documentation from Magnatek for an alternate supplier, auction $350K w/ Emerson suppliers • Dennis Demott – absent • Tool management – sent letter to suppliers asking to verify and mark all tools • Visiting die cast suppliers for evaluation • Traci Grever • Jinan supply chain improvement – terms to be changed to FOB, $5K savings • Completing questionnaire on casting purchases, due November 12 • Steven Kim • Auctions: • Bulk lead wire auction implementation - status? • Wire harness auction – September 14, $20K savings potential, visiting suppliers week of November 15 • Folding cartons for Lexington – November 30 • Nomex light, Engineering Re-design – implementation status? • Corrugated consolidation – marketing needs to establish standards • TOD price increase –rejected • Cyndi Knackstedt • Integrate supplier performance into BPIC'S – conference call November 4 • Investigate Birch Hill Buyouts – status?
Meeting Minutes November 2, 2004 • Victor Lopez – absent • Auctions: • Machine parts & painting $200K – November for Difa business, target 10% savings • Remak contract – Ron put on hold • Quotes on Alloy parts from México suppliers – $200K savings potential, proposal completed • Visited México sand cast suppliers in Monterrey area • Eileen McSharry • Working with Magnetek to move production to China • Liebert inventory program – status? • Michael Skrypek • Auctions: • Rubber $0.4M – completed, $6K savings, reduce from 15 suppliers to 1 • S. Milwaukee scrap auction, November • Fasteners • Fastener consolidation project –GMDC received drawings, data clean up due October 31 • Fastenal México – dead inventory list, need to cross with GMDC data • Move Birch Hill & Celina fasteners to Fastenal 7% savings – in process • Floyd Yang – absent • Working on 13 disa tools & Lexington 7 tools • Evaluating industrial lighting suppliers • Evaluating casting suppliers for Form 85 conduit bodies • Tom Yates • Auctions: • Glass – data gathered, auction in January • Sent Form 85 RFQ to China & India October 29 • Waiting revised Sigma Form 85 quote, late
April 20, 2004 Commodity ReviewFollow up items • Purchases in Mexico need to be in Pesos • Victor Lopez / Sergio Platon - Victor send updated list – June 1 (List sent 6/18) • Need clarification on USA based suppliers with México operations • Identify solutions to currency risk as a general topic • Mark D’Amico / Tom Yates – purchase in USD & establish a currency band; Suzanne Belinky to review proposal • Can Stephenville make AMC50 stampings? • Push circuit breaker project out 6 months – August 2004 • Steven Kim – Eaton price increase rejected, Steven Kim/Suzanne Belinky schedule visit to Houston • Electrical distribution auction - work with Marketing to award to a customer • Steven Kim –working w/Tom Muller – 3 quotes received • Communicate price increases quickly to Marketing • All – Ongoing • Get involved in capital and MRO purchases • Suzanne Belinky – Ongoing • Have ownership for all commodities including Emerson leveraged • Suzanne Belinky – Ongoing • Provide details of ATX ballast project to Mike Bryant - Mark D’Amico – Complete • Hold quarterly hedging meetings - Michael Skrypek, monthly schedule established, expand to include steel – Complete