How to Return Manufacturing to America Using Total Cost of Ownership Analysis
- Thursday
- October
- 17
- 2024
Michele Nash-Hoff Overview:
Ms. Nash-Hoff’s presentation will cover what is a true understanding of the “Total Cost of Ownership” (TCO) analysis that quantifies the hidden costs and risks of sourcing offshore and discuss how to determine whether the manufacturing of a part or product can be economically returned to the USA from Asia.
She will discuss how tariffs and unexpected crises such as COVID-19, natural disasters, transportation bottlenecks, rising wages in China, and geopolitical threats are increasing the incentives for returning manufacturing to America.
She will provide data on what industries and products are being restored and present case studies of companies that have successfully returned manufacturing to the U.S. using a TCO analysis.
Why you should Attend:
American manufacturers need to understand the hidden costs of manufacturing overseas and the advantages of domestic manufacturing.
They need to learn how to use the Total Cost of Ownership estimator developed by Harry Moser of the Reshoring Initiative to enable them to do an accurate total cost of ownership analysis to determine if products could be returned to be manufactured in America instead of sourced overseas.
It’s time for all Americans to wake up America to the dangers of being dependent on other countries for manufactured goods, especially one that has become a threat to our country.
Areas Covered in the Session:
- Why does the term Total Cost of Ownership mean
- Why it is important to understand the components that comprise Total Cost of Ownership
- Why it is important to consider supplier geographical location
- What are the transportation alternatives for each supplier
- What is the importance of technological depth, reserve capacity & responsiveness of suppliers
- What is the effect of supplier selection on Inventory costs and quality controls
- What are the advantages of using “Buy American” and “Buy Local” as a guideline
Who Will Benefit:
Owners and/or managers of Original Equipment Manufacturers, job shop companies, contract manufacturers, and companies providing secondary operations and services to all of the above
- CEOs/CFOs/Presidents
- Vice Presidents
- General Managers
- Operation, Production or Manufacturing Managers and supervisors
- Quality Managers
Speaker Profile
Michele Nash Hoff is founder and president of ElectroFab Sales, a sales agency specializing in helping manufacturers select the right processes for their products.
She is a director on the board of the San Diego Inventors Forum, on the Advisory Board of the American R & D Institute, as well as an advisor to the board of the San Diego chapter of SME.
Michele is the author of Rebuild Manufacturing – the key to American Prosperity, which is a sequel to the 2009 and 2012 edition of Can American Manufacturing Be Saved? Why We Should and How We Can available at www.amazon.com. She writes blog articles for https://americanjobsalliance.com/
Michele earned a B. A. from San Diego State University and is a 1994 graduate of San Diego’s leadership program (LEAD San Diego). She earned a certificate in Total Quality Management in 1993 and a Yellow Belt in Lean Six Sigma in 2014.