CCI should not outsource to European countries at this time. Companies choose to outsource, using the benefit of lower operational and labor costs. There are benefits to company revenue recognition. However, compared to other developed regions, Europe has some of the highest minimum wages in the world. Some European countries, for example The Netherlands and Scandinavia, do not have standardized hourly rates of pay for workers. Currently, Massachusetts has an $8 per hour minimum wage rate, which is lower than the standard minimum wages of the European areas listed below (FedEE, n.d.).
Country Standard Minimum Wages Converted to USD (rate per hour)
Netherlands €1,485.20 per month
(Mandated by law: workers aged 23 and above qualify for …show more content…
Outsourcing manufacturing may be unpopular with domestic consumers, as we will essentially ship domestic jobs overseas, which could hurt CCI’s reputation. Outsourcing can also put a company 's intellectual property at risk, since U.S. patents may not be enforceable abroad. The cost of shipping products from manufacturing facilities to stores in the U.S. will be a greater cost than the cost of shipping goods from domestic production facilities. Similarly, operations overseas will increase travel costs consume expected savings and cost advantages.
Health care costs are increasing in Europe as well as the majority of an aging population, which needs good health care services and benefits (Facts, n.d). The health care industry in Europe is in need health care control as it currently faces major criticism. The increase in age population will have a tremendous impact on hiring work-age employees who will be able to maintain the physical level of endurance in our production …show more content…
Expand sales to new markets. Provide opportunities for employment for people with disabilities, exceed customer expectations through training our employees, Increase employee education, and cross training. Focus on continuous improvements on our processes and products through technical innovation and systematic analysis of all processes. Reduce waste and build core competencies of Research and Development, lean manufacturing, and significantly increase turn-around response and resolution to urgent customer requirements. Reduce internal costs of R&D to include programs such as Maker 's Row, a DUMBO-based tech company, which assists product-based businesses, designers, and entrepreneurs, in finding American factories to produce their goods domestically. Their primary mission is to bring outsourced manufacturing back to the U.S, and to plant the seeds of the next generation of product-based businesses to be able to easily turn their product ideas into reality. By creating a more modern and inclusive manufacturing community, Maker 's Row is aiming to be one of the main driving forces in bringing "Made in America" back (Makers, n.d.).
You can watch the Maker 's Row demo video here: http://youtu.be/gDxKMJvejJI
We should not downsize, or interrupt the current processes at this time. Implement an education program, certification programs, and continuous improvement
Country Standard Minimum Wages Converted to USD (rate per hour)
Netherlands €1,485.20 per month
(Mandated by law: workers aged 23 and above qualify for …show more content…
Outsourcing manufacturing may be unpopular with domestic consumers, as we will essentially ship domestic jobs overseas, which could hurt CCI’s reputation. Outsourcing can also put a company 's intellectual property at risk, since U.S. patents may not be enforceable abroad. The cost of shipping products from manufacturing facilities to stores in the U.S. will be a greater cost than the cost of shipping goods from domestic production facilities. Similarly, operations overseas will increase travel costs consume expected savings and cost advantages.
Health care costs are increasing in Europe as well as the majority of an aging population, which needs good health care services and benefits (Facts, n.d). The health care industry in Europe is in need health care control as it currently faces major criticism. The increase in age population will have a tremendous impact on hiring work-age employees who will be able to maintain the physical level of endurance in our production …show more content…
Expand sales to new markets. Provide opportunities for employment for people with disabilities, exceed customer expectations through training our employees, Increase employee education, and cross training. Focus on continuous improvements on our processes and products through technical innovation and systematic analysis of all processes. Reduce waste and build core competencies of Research and Development, lean manufacturing, and significantly increase turn-around response and resolution to urgent customer requirements. Reduce internal costs of R&D to include programs such as Maker 's Row, a DUMBO-based tech company, which assists product-based businesses, designers, and entrepreneurs, in finding American factories to produce their goods domestically. Their primary mission is to bring outsourced manufacturing back to the U.S, and to plant the seeds of the next generation of product-based businesses to be able to easily turn their product ideas into reality. By creating a more modern and inclusive manufacturing community, Maker 's Row is aiming to be one of the main driving forces in bringing "Made in America" back (Makers, n.d.).
You can watch the Maker 's Row demo video here: http://youtu.be/gDxKMJvejJI
We should not downsize, or interrupt the current processes at this time. Implement an education program, certification programs, and continuous improvement