Supply Chain Total Cost of Ownership
The competitiveness of a manufacturer is greatly impacted by its supply chain strategy.
Manufacturers who only look at a supplier’s capability, price, and service are going to be left behind. But a manufacturer who also prioritizes collaboration, integrated information systems, and risk management will be in a better position to develop, source, manufacture, and distribute their products at lower costs.
MTS offers manufacturers a strategic approach for optimizing their supply chains to improve collaboration, reduce risk, and decrease overall cost.
Supply Chain Total Cost of Ownership (TCO)
Total Cost of Ownership is a method for quantifying the costs for every activity along the supply stream, including acquisition, transportation, storage, and selling of goods. TCO allows strategic sourcing decisions to incorporate social costs, which historically have been difficult to assess. The working session also introduces a TCO calculator, which allows a side-by-side comparison of up to four suppliers and the analysis of multiple sourcing scenarios.