Most manufacturers consistently buy on the basis of price without taking into consideration such factors as quality differentials, carrying cost of inventory, and the value of having manufacturing and engineering close to each other. These factors and more represent the true Total Cost of Ownership. Guest Harry Moser shows us how to use the free True Cost of Ownership Estimator tool available on the Reshoring Initiative website to truly understand the cost of sourcing overseas vs buying domestically.
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Manufacturing Talk Radio