How to Return Manufacturing to America Using Total Cost of Ownership Analysis?

OVERVIEW The webinar will briefly describe what led to the loss of manufacturing companies and jobs since the year 2000 through moving manufacturing offshore and what has been the impact on the economy by offshoring manufacturing. It will discuss what the hidden costs of manufacturing offshore are, what is a Total Cost of Ownership (TCO) analysis, and what it should include. It will discuss the factors that are changing supply chain dynamics that make offshoring less attractive and what industries have reached the tipping point of returning to the U. S. Then, it will describe the Reshoring Initiative's TCO worksheet and how to select the first parts/products to conduct a TCO analysis for determining whether to reshore or not. It will provide case studies of companies that have successfully returned manufacturing to America and conclude with the benefits of returning more manufacturing to America. WHY SHOULD YOU ATTEND Most companies are selecting vendors in their supply chain o... Read more

OVERVIEW The webinar will briefly describe what led to the loss of manufacturing companies and jobs since the year 2000 through moving manufacturing offshore and what has been the impact on the economy by offshoring manufacturing. It will discuss what the hidden costs of manufacturing offshore are, what is a Total Cost of Ownership (TCO) analysis, and what it should include. It will discuss the factors that are changing supply chain dynamics that make offshoring less attractive and what industries have reached the tipping point of returning to the U. S. Then, it will describe the Reshoring Initiative's TCO worksheet and how to select the first parts/products to conduct a TCO analysis for determining whether to reshore or not. It will provide case studies of companies that have successfully returned manufacturing to America and conclude with the benefits of returning more manufacturing to America. WHY SHOULD YOU ATTEND Most companies are selecting vendors in their supply chain on the basis of lowest piece priced or landed cost, which ignores more than 30% of the total costs. These companies don’t know how to quantify the hidden costs of doing business. This webinar will explain what these hidden costs are and how to quantify them using the total Cost of Ownership worksheet to be able to make the decision of whether or not they can return manufacturing to America. AREAS COVERED The key areas covered are: 1. What direct and indirect costs should be included in a Total Cost of Ownership Analysis? 2. What are the hidden costs of outsourcing are and what the ramifications of ignoring these costs. 3. How to use the Total Cost of Ownership Worksheet calculator developed by the Reshoring Initiative 4. Case studies of companies that have returned manufacturing to America by using the TCO worksheet. 0. 5. How to select the rights parts and products to return to America. WHO WILL BENEFIT CEOs, CFOs, Presidents, Vice Presidents, General Managers, Material Managers, Purchasing Managers, and Buyers of Original Equipment Manufacturers; owners of Tier 1 – 4 suppliers to OEMs and prime DoD contractors LEARNING OBJECTIVES Attendees will understand: 1. How other manufacturers have successfully returned manufacturing to America busing the TCO worksheet. 2. What parts or products can be reshored. For more detail please click on this below link: https://goo.gl/ZGzvKF Email: support@trainingdoyens.com Toll Free: +1-888-300-8494 Tel: +1-720-996-1616 Fax: +1-888-909-1882