NWI Site Paper: Total Cost of Ownership
Offshore vs. Reshore
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. &OHJOFFSJOHt *OTQFDUJPOt
Price can just be the tip of the iceberg.
PRODUCT PRICE $
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What you don't see can hurt the bottom line. And now you're under water!
Fact: Under Estimation is Prolific Most companies make sourcing decisions based on price alone, % % resulting in a to
20 30 miscalculation
of actual offshoring costs. SOURCE: Reshoring Initiativeâ„˘, www.reshorenow.org
Fact: China's Reality Worsens
PRODUCTIVITY YO TM
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Wage growth is far outstripping annual productivity increases... SOURCE: Wall Street Journal
Fact: The Cost of Quality 68+<+4:/54 '668'/9'2 /4:+84'2,'/2;8+ +>:+84'2,'/2;8+
It's NOT about the price of creating a quality product or service.
of NOT creating a quality product or service. It's the cost
SOURCE: asq.org website
Solution #1: Estimate Ahead of Time Go online and Sign Up at
Learn to estimate 29 cost factors to drive objective supply chain decisions
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 to
help your bottom line. 8FhSFUIF0&.FYQFSUTJOEFTJHO SFTFBSDI UFTUBOEEFWFMPQNFOUPG DVTUPNUFDIOJDBMQSPEVDUTGPSEJWFSTF BQQMJDBUJPOTJOMJGFTDJFODF JOEVTUSJBM FOFSHZ BFSPTQBDFBOEEFGFOTF
convenient regional locations
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Northwire: Responsiveness 4U3OTOS[S5XJKX7[GTZOZ_
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Northwire: Reshore With Us! Talk directly to an industry expert
800.468.1516 +1 715.294.2121
Copyright: NWI Site Paper 2014 by Northwireâ€” 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.
This Site Paper identifies the most commonly over-looked cost factors purchasing professionals and key decision-makers face when deciding wh...