Objectives of the Presentation
Why Should you Attend
- What 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
- Using 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
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 the Reshoring Initiative's TCO worksheet and how to conduct a TCO analysis for determining whether to reshore or not by selecting the first products/parts.
Additionally, you will be provided case studies of the companies that have successfully returned manufacturing to the U.S. using a TCO analysis.
Who can Benefit
C-level management of companies – owners, presidents, V. P.s, CFOs, Purchasing Managers and Supervisors, Supply chain managers, Buyers, Purchasing Agents of Tier 1 Original Equipment Manufacturers, their Tier 2 and 3 suppliers, and job shop companies, as well as sales personnel of Tier 2 and 3 vendors to Original Equipment Manufacturers.
The Reshoring Initiative was founded in 2010 by Harry Moser, who was Chairman Emeritus of Agie Charmille and chosen as one of Industry Week's top 10 executives for the same year. He has given hundreds of presentations since 2010, and I was his first authorized substitute speaker after receiving training later that same year.