Dynisco Offers Total Cost of Ownership (TCO) Guidelines at Boothroyd Dewhurst Forum
By Business Wire News
By Business Wire News
Dynisco Inc. of Franklin, MA, a global leader providing sensors, controls, and analytical instruments for the plastics industry, is also a company deeply involved in the management science of Total Cost of Ownership (TCO), coupled with early design optimization strategies for reducing lifetime product costs.
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Receiving the “Distinguished DFMA Supporter of the Year Award” at the June 2015 International Forum on Design for Manufacture and Assembly (DFMA®) is Dave Meeker of Neoteric Product Design, (center), accompanied left and right by Boothroyd Dewhurst’s president John Gilligan and executive vice president Nick Dewhurst. (Photo: Business Wire)
John Biagioni, president of Dynisco, led a three-part company presentation on TCO and “should costing” at the 30th annual Boothroyd Dewhurst International Forum on Design for Manufacture and Assembly (DFMA) this June. There, he and colleagues Matt Miles and Kevin Dailida unveiled their internal program for deciding where to manufacture globally and how to estimate and remove costs from product, corporate-wide organization and supply chain.
“We have measured every important aspect of cost and performance—from materials and labor to risk and cash flow, to quality, warrantee and service—in an effort to better serve customers and thrive as a company,” said Biagioni. “Our ongoing contribution to the field of TCO is to further understand and share how product-design decisions impact everything that occurs downstream.
“In light of that, we are making our Forum presentation available to the manufacturing community to help in their reshoring assessments and build-where-you-sell strategies. I would also encourage others to look into the free TCO spreadsheet program from Harry Moser’s Reshoring Initiative and to deploy the DFMA tactical tools from Boothroyd Dewhurst that are necessary for achieving TCO starting at the product-concept stage.”
DFMA product simplification and cost estimating allow engineers to scrutinize parts and assemblies for structural efficiency, guiding them toward the creation of single, multifunctional components with significantly improved performance-to-cost ratios. Development teams can also examine competing materials and processes and quantitatively judge the cost trade-offs of producing new designs or improving existing products.
The resulting elegant, highly economical products enable companies to better reach their Lean, Value Engineering and TCO goals by increasing manufacturing throughput and reducing the organizational footprint that products make in their journey from design workstation to factory floor—and on to the customer.
Also at the 2015 International Forum on Design for Manufacture and Assembly, held June 2-3 in Providence, RI, Dave Meeker of Neoteric Product Design, Acton, MA, received the “Distinguished DFMA Supporter of the Year Award.”
“Dave Meeker has been one of our longest users and most prolific presenters on the subject of DFMA, Lean and Value engineering,” said John Gilligan, president of Boothroyd Dewhurst. “Dave has helped educate the design community through his steady, forward thinking work, including publishing ‘Improved Product Design Practices Would Make U.S. Manufacturing More Cost Effective: A Case to Consider before Outsourcing to China,’” coauthored by Nicholas P. Dewhurst in 2003. “That prescient work on TCO and the hidden costs of offshoring anticipated the changes we see today in America’s improved competitive position with China and Asia,” said Gilligan.
For more information about the 2015 DFMA Forum go to: http://www.dfma.com/forum/index.html
Miles Parker and Lynn Manning, 401-272-1510