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Paige Electric Meeting 7-26-04: Topics of Discussion

Paige Electric Meeting 7-26-04: Topics of Discussion. Paige Electric. Paige Electric has 831 parts set up in our Item Master 350 parts (134 family drawings) out of 831 (225 family drawings) have been used since calendar year 2000 481 parts have not been used since calendar year 2000

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Paige Electric Meeting 7-26-04: Topics of Discussion

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  1. Paige Electric Meeting 7-26-04:Topics of Discussion

  2. Paige Electric • Paige Electric has 831 parts set up in our Item Master • 350 parts (134 family drawings) out of 831 (225 family drawings) have been used since calendar year 2000 • 481 parts have not been used since calendar year 2000 • 186 total parts (87 family drawings) in Full Source scheduled for September 8th 8:30AM Central • Total dollars in Full Source is $180K • Labor Charges • Single conductor cut $0.07 • Multiple Conductor cut $2.30

  3. Paige Price Increase vs. COMEX Cu Increase • Paige Price increase May 2004, 11.1% increase reflects all parts purchased from Paige (Not implemented) • Comex Cu average increase FY03 vs. FY04 (Calculated Oct ’03 to April ‘04) ($0.7542 vs. $1.1140) is 48% increase • Annual $ impact based on FY03 parts/purchase volumes is $20K per Paige Price Increase • Annual Cu $ impact based upon FY04 Cu increases for parts/volumes purchased in FY03 is $4.2K (2.3% Increase) (Calculated by applying FY04 Cu average increase per part by Cu weight per unit, extending by FY03 purchases volume) • Paige Price increase July 2004, 33% increase reflects all parts purchased from Paige (Not implemented) • Comex Cu average increase FY03 vs. FY04 (Calculated Oct ’03 to June ‘04) ($0.7542 vs. $1.1350) is 51% increase • Annual $ impact based on FY03 parts/purchase volumes is $58K per Paige Price Increase • Annual Cu $ impact based upon FY04 Cu increases for parts/volumes purchased in FY03 is $5.4K (3% Increase) (Calculated by applying FY04 Cu average increase per part by Cu weight per unit, extending by FY03 purchases volume) • Paige - 2 Price increase Analysis • Cu average for Oct ‘03 to May ‘04 = $1.1140, Price Increase for May is 11.1% increase on all parts ($20K) • Cu Average for Oct ‘03 to July ‘04 = $1.1350, Price increase in Jul is 33% increase on all parts ($60K) • $1.1350 - $1.1140 Cu Avg. = 1.9% increase • Paige price increase for Jul reflects 22% increase due to a 1.9% Cu increase since May • Total Cu used based on FY03 parts/volumes is 14,465 lbs • Total FY03 Spend $180K

  4. Potential Price Increase Off-Sets • Consignment on high volume part #’s to reduce shipping cost for Paige and cost of doing business • Consolidate blanket PO’s to reduce amount of invoices generated. • Currently each part # is on a separate blanket • Ex: On one day several parts on blanket need to be released, each individual part will have a separate invoice cut because they are each on different PO’s • Paige’s cost of processing an invoice per Jim Coffee is $100 • Request suggestions on order consolidation to reduce cost of doing business • Find out Paige’s cost for EGS fastener part # P05205-000 • In value add wire (wire plus fastener), EGS purchases 58,000 per month • In Columbus, EGS purchases 50,000 per month for production • Make in House • Komex Machine cost • Sotter for tinning

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