Companies today increasingly recognize Digital Technology and IT infrastructure as a strategic asset that provides companies with the ability to effectively compete in its’ marketplace – an observation underscored by the Nash KPMG 2017 CIO Survey finding that CIOs sit on 62% of executive boards as opposed to 38% in 2005. While their relative importance varies slightly from year to year, the C-Suite charter for Digital Technology consistently features the following items: Continue reading Digital Technology as a Strategic Asset
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 Continue reading Digital Technology and the Importance of the Total Cost of Ownership
Historically, IT Infrastructure has been viewed as a “cost center” and IT Operations “a necessary evil” because significant human and financial capital expenditures have been required to maintain a functional system. Over the last few years, middle market companies are beginning to realize that IT infrastructure can be used as a competitive advantage. It needs to be Continue reading Should IT Infrastructure be in your Top 3 business priority?
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 Continue reading Elements of an Effective Supplier Management Program
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 Continue reading How Do Total Cost of Ownership Models Affect Your Business?
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 Continue reading Tecma Talk Podcast Focuses on Total Cost of Ownership and Other Global Manufacturing Trends
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.