total cost of ownership: offshore vs reshore - nwi cable manufacturing site paper
DESCRIPTION
This Site Paper identifies the most commonly over-looked cost factors purchasing professionals and key decision-makers face when deciding whether or not to utilize offshore contract manufacturing companies in their procurement strategies. This paper discusses the best strategies to compete against international challengers and reveals the dangers of decision-making based on price alone.TRANSCRIPT
O!shore vs. Reshore
NWI Site Paper: Total Cost of Ownership
The Problem:Sophisticated global markets demand robust procurement strategies. But, you don't know what you don't know. Learning curves
can be steep, costly and painful.
PRODUCT PRICE $
It's not all about price.Price can just be the tip of the iceberg.
PRODUCT PRICE $
What you don't see can hurt the bottom line.And now you're under water!
Most companies make sourcing decisions based on price alone,resulting in a
to20 30% %
miscalculationof actual o!shoring costs.
SOURCE: Reshoring Initiative™, www.reshorenow.org
Fact: Under Estimation is Prolific
PRODUCTIVITY
WAGE$
Fact: China's Reality Worsens
Wage growth is far outstripping annual productivity increases...
SOURCE: Wall Street Journal
It's the cost of NOT creating a quality product or service.
It's NOT about the price of creating a quality product or service.
SOURCE: asq.org website
Fact: The Cost of Quality
Solution #1: Estimate Ahead of Time
Learn to estimate 29 cost factors to drive objective supply chain decisions
Go online and Sign Up at
www.reshorenow.org
The FREE Estimator™ tool enables aggregation of all cost and risk factors into one cost for simpler, more objective decision making.Estimator™ is the property of Reshoring Initiative®
Solution #2: Contact Northwire
We're innovative and here tohelp your bottom line.
www.northwire.com
Paci"c Mountain Central Eastern
Northwire: Locations
convenient regional locations2
Northwire: Responsiveness
QUALITY
2013
2012
Northwire: Reshore With Us!
Talk directly to an industry expert
800.468.1516+1 715.294.2121 [email protected]
www.northwire.com
Copyright: NWI Site Paper2014 by Northwire— NWI Lab360
All rights reserved. No part of this Site Paper may be reproduced without the prior written permission of the publisher.
Trademarks, Corporation names and designated information located throughout Site Paper are the property of the respective companies.