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The Process
Needs Analysis
Source Selection
Project Planning and Review
Formal Proposal
Ongoing Support

Formal Proposal
Once we have all the data reviewed, we prepare a formal proposal for XYZ Company. This proposal includes information with regard to our source selection process and results. The selected manufacture is presented with as much supporting information as possible. The tooling need and schedules are presented along will formal quotations for all needed tooling, fixtures and specialized testing equipment if required. We then supply a Cost Analysis and formal quotation for review. We will supply expected cost savings and benefits should the project proceed to completion. Methods of payment for tooling and production are usually covered at this time.

If all is acceptable to XYZ Company, they will generate all necessary Purchase Orders for tooling, fixtures, and equipment along with the down payment.