The COVID-19 Crisis: It is Time to Stop Supply Chain Waste
Harry Moser, President of Reshorenow.org, brings us a one hour webinar on the critical subject of bringing manufacturing back to North America. W. Edwards Deming’s 14 Points from “Out of the Crisis” are core to process improvement. Yet, few companies have implemented Deming’s 4th point: “End the practice of awarding business on the basis of price tag. Instead, minimize total cost.” This oversight has enabled the current medical supply crisis, where there is a 90-95% dependence on imports. The lesson is clear: shorter supply chains are stronger and more competitive. Companies that buy any imported products or services would be more profitable if they implement TC (total cost) – quantifying the 15% to 25% of “hidden” costs (wastes) that are ignored when just considering price. Recognizing these costs will bring back 20 to 30% of what is now imported.
06. Aug. 2020
Our Training Goals
Correctly measuring the wastes via TC will help you identify the products and services that should be reshored now. Learn how and why to:
• Use the Reshoring Initiative’s free TCO Estimator to correctly quantify the wastes associated with offshoring
• Make TC part of your portfolio of skills.
• Use TC for Lean sourcing decisions and for selling domestically vs. offshore competitors.
• Find importers to convert to buy from you.
What you learn
Brought to us by Reshoring.Org's President Harry Moser, please join us for this 1 hour webinar!
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