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.

Date: Tuesday, October 31st
Time: 01:00 PM EDT | 10:00 AM PDT

Duration: 60 Minutes
Product Code: 50091
Level: Intermediate

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.

This TCO training will discuss what the hidden costs of manufacturing offshore are, what is a TCO analysis, what it should include, etc. Register now!

Others Details

For more details and updates please visit webinar website