Total Cost of Ownership: a Key to the Offshore vs. Reshore Decision
Thursday, July 16, 2015
Companies are reevaluating their offshoring decisions and considering localization (reshoring or nearshoring). Reshoring and Foreign Direct Investment have brought about 200,000 manufacturing jobs back to the U.S. since January 2010. This trend is driven by rapidly rising Chinese wages and by companies realizing that producing in or near the market has balance sheet, risk and strategic benefits that often outweigh higher wage rates and manufacturing costs.
Learn the latest tools. The Total Cost of Ownership (TCO) Estimator has 1,500 users. The Cost Differential Frontier quantifies lead time’s impact on obsolescence and stock-outs.
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Founder & President
Harry founded the Reshoring Initiative to bring manufacturing jobs back to the U.S. by documenting the trend and encouraging the use of Total Cost of Ownership analysis. He previously worked for GF AgieCharmilles, starting as President in 1985 and retiring 12/31/10 as Chairman Emeritus. Largely due to the success of the Reshoring Initiative, Harry was inducted into the Industry Week Manufacturing Hall of Fame 2010 and was named Quality Magazine’s Quality Professional of the year for 2012. Harry participated actively in President Obama’s 1/11/12 Insourcing Forum at the White House, won the Jan. 2013 The Economist debate on outsourcing and offshoring, and received the Manufacturing Leadership Council’s Industry Advocacy Award in 2014. He received a BS in ME and an MS in Engineering at MIT in 1967 and an MBA from U. of Chicago in 1981.