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How to Return Manufacturing to America Using Total Cost of Ownership Analysis
- Understanding of what direct and indirect costs should be included in a Total Cost of Ownership Analysis.
- Understanding of what are the hidden costs of offshoring are and what the ramifications of ignoring these costs..
- How to use the Total Cost of Ownership Worksheet calculator developed by the Reshoring Initiative
- How to select the rights parts and products to reshore to America.
- What has been the success in returning manufacturing to America using the TCO worksheet since 2010.
- Case studies of companies that have successfully returned manufacturing to America using a TCO analysis
Overview of the webinar
The webinar will describe what led to the loss of manufacturing since the year 2000 from offshoring and the resulting impact on the economy.
It will discuss the hidden costs of offshoring, what is a Total Cost of Ownership analysis, what factors are making offshoring less attractive, what industries are returning to the U. S., and where manufacturing is being reshored.
It will describe the Reshoring Initiative's TCO worksheet and how to use it to conduct a TCO analysis to determine whether or not to reshore. It will present case studies of companies that have successfully reshored and conclude with the benefits of returning manufacturing to America.
Who should attend?
CEOs, CFOs, Presidents, Vice Presidents, Material Managers, Purchasing Managers, Buyers, and other Supply Chain personnel of Original Equipment Manufacturers and Contract Manufacturers; Owners and/or managers of job shop companies, and Owners, Presidents, Vice Presidents, and Supply chain professionals, purchasing managers and supervisors, buyers, and sales personnel of Tier 2 and 3 vendors to Original Equipment Manufacturers
Why should you attend?
The attendee will gain an understanding of the hidden costs of doing business offshore, how to use the Total Cost of Ownership worksheet calculator to make a decision of whether or not to reshore a part/product to America, and what will be the benefits to the company and the economy from returning manufacturing to America.
Faculty - Ms.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. Michele is currently a director on the board of the American Jobs Alliance and the board of the San Diego Inventors Forum. She was Chair of the California chapter of the Coalition for a Prosperous America from 2013-2018.
Michele earned a B. A. from San Diego State University and a certificate in Total Quality Management in 1993. She is a 1994 graduate of San Diego's leadership program (LEAD San Diego) and earned a Yellow Belt Certificate in Lean Six Sigma in 2014. She is the author of three books, the latest being Rebuild Manufacturing - the key to American Prosperity, which is a sequel to the 2012 edition of Can American Manufacturing Be Saved: Why we should and how we can. She has been a blogger for Huff Post, Industry Week, and other newslines and currently blogs for www.themadeinamericamovement.com. She is an authorized speaker for the Reshoring Initiative.