The Data Center Role in Cost Reduction, Agility, and Business Alignment – DC and Cloud Strategy Part II
We consistently hear from middle market CIO’s that the three items at the top of their strategic charter are:
- Taking cost out the business,
- Greater agility to meet changing market conditions
- Improving and sustaining a close Business-IT alignment.
Where and how your IT infrastructure is housed significantly impacts …Read MoreThis entry was posted in Information Technology, Total Cost of Ownership, on October 5, 2017
In an earlier blog, we examined why having a process in place to capture Total Cost of Ownership (TCO) is important for middle market companies, and even more so for Digital Technology organizations. We saw how any plan for taking out cost, driving revenue, or maximizing asset utilization, can be fraught with risk, without …Read MoreThis entry was posted in Business Transformation, Information Technology, Strategic Execution, Total Cost of Ownership, on August 4, 2017
Digital Technology organizations are recognized as business enablers and an effective Total Cost of Ownership process is one of the critical tools they should bring to a business. Digital Technology professionals who understand and can articulate the complete business impact of technology products or services become indispensable strategic partners and are sought after by management boards. Revenue growth and increased profits are …Read MoreThis entry was posted in Information Technology, Strategic Execution, Total Cost of Ownership, on July 17, 2017
It doesn’t matter what size your company is or what industry you are in. Every company is challenged with delivering a Known Good Product or Service Let’s face it, companies are only about offering products and services. When working with clients, I often ask their definition of a Known Good Product and am usually surprised by their inability to give me a good answer. They often say that it is a function of cost or quality or customer satisfaction or profitability, but I typically never hear them say …Read MoreThis entry was posted in Manufacturing and Distribution, Strategic Execution, Total Cost of Ownership, Weekend Thought, on December 13, 2015
You would think that in today’s world, effective supplier management programs are well defined and utilized throughout every company. The sad fact is that we have worked with middle market companies up to $500M in annual revenues who don’t have an effective supplier management program. The smaller the company, the worse it gets despite the fact that supplier management is one of the 7 critical business processes that every company must master in order to achieve long term success. Many organizations have …Read MoreThis entry was posted in Continuous Improvement, Manufacturing and Distribution, Total Cost of Ownership, Weekend Thought, on November 21, 2015
Whatever your reason for wanting to open a new warehouse or distribution center, you know that the decision can’t be taken lightly… and 3PL providers don’t make it easy to do side-by-side comparisons of their services and prices. There is more to developing an analysis of the options than …Read MoreThis entry was posted in Manufacturing and Distribution, Strategic Execution, Total Cost of Ownership, Weekend Thought, on August 28, 2015
The concept of the Total Cost of Ownership (TCO) is not new and for many not a bit exciting. But, it is a critical part of the acquisition process and has been successfully used for the analysis of Information Technology and government procured products for many years. It is a mainstay of the Federal Acquisition Regulations (FAR). Yet, the concept of the Total Cost of Ownership hasn’t been universally adopted by middle market manufacturing and distribution companies as part of their standard Supply Chain Management Solutions. Middle market companies …Read MoreThis entry was posted in Continuous Improvement, Manufacturing and Distribution, Market Effectiveness, Total Cost of Ownership, Weekend Thought, on July 31, 2015
Is picking the right manufacturing location purely an objective exercise or is it subjective as well? The answer is yes….. to both. The objective side clearly affects your P&L, while the subjective side affects the risk to your P&L.This entry was posted in Manufacturing and Distribution, Mexico, Total Cost of Ownership, Weekend Thought, on May 21, 2015
EL PASO, Texas, April 28, 2014 /NEWS – The Tecma Group of companies recently recorded a podcast with the Los Angeles-based CEO of Group 50 Consulting, Jim Gitney, regarding the growing interest in the global manufacturing trends of total cost of ownership and nearshoring. During the approximately thirty minute session, Gitney explains how the industrial site selection process is no longer an exercise in chasing low manufacturing wages around the globe in order to determine which country, or countries to produce goods in. He asserts …Read MoreThis entry was posted in Continuous Improvement, Global Initiatives, Manufacturing and Distribution, Mexico, News, Total Cost of Ownership, on April 29, 2014
Recently, we have completed some work for a client on the “total cost of ownership differences” in 89 countries. Our results indicated that Mexico is more cost effective than China is in many industries. Surprising results? Learn more in this TECMA podcast on Mexico vs. China manufacturing with Jim Gitney, the CEO of Group50.
If you prefer reading a transcript of the interview, you can …Read MoreThis entry was posted in Global Initiatives, Manufacturing and Distribution, Mexico, Podcasts, Total Cost of Ownership, on April 18, 2014
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