Improving your strategic sourcing decisions: Total cost of ownership and total risk profiling
Here is a recently published report on reshoring manufacturing back to the US. This report covers how it is imperative that manufacturers consider and analyze the benefits, risks and costs of all available sourcing options in order to meet business and profit goals, including:
Offshoring – Complete or partial manufacturing sourced overseas
Reshoring (also known as backshoring or onshoring) – Bringing back to the U.S. the manufacturing of products that will be sold here
Nearshoring – Shifting manufacturing from offshore or the U.S. to Canada, Mexico and
Outsourcing – Work done by another company, wherever located
In-house – Work done in the company’s facilities, wherever located
This report is by Harry Moser and Calven (Cal) Beyer.
After you read it, check out how Velocity Scheduling System can help to reduce your costs and reduce your lead-time so that you become “reshorable”!