Precision Metalforming Association (PMA) – Using Total Cost of Ownership to Buy and Sell Smarter
Of products now sourced offshore, 20 to 30% would be more profitably sourced domestically. Total Cost of Ownership (TCO) is the key tool to objectively compare alternative sources to determine which items can be most profitably sourced domestically and which offshore. TCO was used by one contract manufacturer to win a $60 million order against […]