Returning Manufacturing to America using Total Cost of Ownership Analysis
My presentation 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 are the hidden costs of manufacturing offshore, what is a TCO analysis, and what a TCO analysis should include. It will discuss the factors that have changed supply chain dynamics so that offshoring has become less attractive.
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 discuss case studies of companies that have successfully returned manufacturing to America and conclude with the benefits of returning more manufacturing to America.
“In this session you will learn…”
- what elements of direct and indirect costs should be included in a Total Cost of Ownership Analysis.
- what are the hidden costs of outsourcing are and what the ramifications of ignoring these costs..
- about the Total Cost of Ownership Worksheet calculator developed by the Reshoring Initiative and what has been accomplished since its founding in 2010.
- how to select the rights parts and products to return to America.
- about case studies of companies that have successfully returned manufacturing to America using a TCO analysis.
About the Facilitator:
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 was previously part of the founding team of two startup companies and has served as Managing Manager of two business incubators for start-up companies – the San Diego Enterprise Center and Cleancubator LLC, while running ElectroFab.
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.
Michele has been president of the San Diego Chapter of the Electronics Representatives Association, and The High Technology Foundation, as well as several other professional and non-profit organizations. She is currently a director on the board of the American Jobs Alliance and Chair of the California chapter of the Coalition for a Prosperous America.
She is the author of three books, the latest being the 2012 edition of Can American Manufacturing Be Saved: Why we should and how we can. She is a columnist for Industry Week’s e newsline and an authorized speaker for the Reshoring Initiative.