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

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


Michele Nash-Hoff
Michele is founder and president of ElectroFab Sales, a sales agency specializing in helping manufacturers select the right processes for their products since 1985. She is currently a director on the board of the and the San Diego Inventors Forum and is also Chair of the California chapter of the Coalition for a Prosperous America. Michele is the author of Rebuild Manufacturing - the key to American Prosperity and Can American Manufacturing Be Saved? Why We Should and How We Can available at www.amazon.com. She has written regular articles for IndustryWeek?s e newsline, as well as many other e........
Overview
Moving manufacturing offshore led to the loss of 5.8 million manufacturing jobs and the loss of 60,000 companies and since the year 2000. What was the impact on the American economy? Is manufacturing returning to America?
In this webinar, expert speaker Michele Nash-Hoff will provide you the answers to the above while helping you understand the hidden costs and risks of manufacturing offshore. You will learn how to conduct a Total Cost of Ownership (TCO)analysis to make the decision of whether or not to return your manufacturing to America.
Why should you attend this webinar?
It is crucial for American companies that do not have offshore plants to be trained on how to do a true Total Cost of Ownership Analysis using the TCO Estimator as a counter to the continuing trend of offshoring manufacturing jobs by multinational corporations that have facilities all over the world. 
This session will discuss the factors that are changing supply chain dynamics that make offshoring less attractive and identify industries that have reached the tipping point of returning to the U. S. Michele will also describe how the Reshoring Initiative's TCO worksheet is enabling companies to conduct a TCO analysis to determine how to reshore their products/parts.
Additionally, Michele will present case studies of companies that have successfully returned manufacturing to the U.S. using a TCO analysis. Supply chain personnel and CFOs can play key roles in educating company management about assessing the true costs of offshoring versus reshoring.
Areas Covered in the Session:
  • Elements of indirect and direct expenses should be added in a Total Cost of Ownership Analysis.
  • Hidden costs involved in outsourcing and the consequences of ignoring these costs.
  • How to Use the Total Cost of Ownership Worksheet calculator developed by the Reshoring Initiative.
  • What has been the success in returning manufacturing to America using the TCO worksheet since its founding in 2010.
  • How to select the rights parts and products to return to America.
  • Case studies of companies that have successfully returned manufacturing to America using a TCO analysis.
Who can Benefit:
  • Presidents/CEOs/CFOs, owners and/or managers of Original Equipment Manufacturers and contract manufacturers
  • Owners, managers, and procurement personnel of job shop companies that are Tier 2 and below suppliers to OEMs.
  • Supply chain professionals
  • Purchasing managers, supervisors, purchasing agents, buyers
  • Trade Professionals

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Location: United States

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