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. Total Cost of Ownership Analysis WHY SHOULD YOU ATTEND Most compani...