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Dynisco Offers Total Cost of Ownership (TCO) Guidelines at Boothroyd Dewhurst ForumWAKEFIELD, R.I. — Dynisco Inc., a provider of sensors, controls, and analytical instruments for the plastics industry, demonstrated how to reshore using the Total Cost of Ownership (TCO) tool during a recent manufacturing forum.
John Biagioni, president of Dynisco, led a three-part company presentation on TCO at the 30th annual Boothroyd Dewhurst International Forum on Design for Manufacture and Assembly (DFMA). Biagioni 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 in a press release. “Our ongoing contribution to the field of TCO is to further understand and share how product-design decisions impact everything that occurs downstream.”
He went on to encourage the manufacturing community to look into the free TCO spreadsheet program offered by Harry Moser’s Reshoring Initiative and at the tactical tools from Boothroyd Dewhurst that are necessary for achieving TCO starting at a product’s concept stage, he said.
The DFMA product simplification and cost estimating allows 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.
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