Project Title: Conduct a “Make or Buy” Cost Analysis

Ultrasonic Power Corporation

Details
Project Title Conduct a “Make or Buy” Cost Analysis
Project Topics Corporate Social Responsibility Operations
Skills & Expertise
Project Synopsis: Challenge/Opportunity
Rising labor costs has signaled an opportunity to review operation and sourcing strategies at Ultrasonic Power Corp. Our company is asking for your help gathering, organizing, and analyzing information to determine the most cost effective decision in a make-or-buy situation. This cost analysis can be performed by looking at the financial cost to buy the component versus the cost to produce the component, which allows us to make a decision based on an analysis of unavoidable costs. We need a comprehensive understanding the capital justification on these topics, and seeking your recommendation to either invest the capital/people development or continue to outsource. There are several make-or-buy decisions we are looking to review:
  1. Build vs. Buy Fabrication (equipment cost, space, etc. vs. current buy)
  2. Sheet metal supplier opportunities, should we purchase material directly and pay labor, sheet metal supplier company recommendations for cost saving.
  3. Build vs. Buy Heat Sinks & Vibra Bars (equipment cost, space, etc. vs. current buy)
  4. Solar panels (buy vs. other options)
Project Synopsis: Activities/Actions Required
Project Synopsis: Expected Results

Project Timeline

Touchpoints & Assignments Date Type

Project Reveal

Feb 02 2022

Students Submit Project Preferences

Feb 02 2022

Program Kickoff

Feb 21 2022 Event

Official Project End!

Apr 05 2022

STUDENTS! Take a short survey on YOUR learning experience!

Apr 05 2022 Evaluation

STUDENTS! Let us know about your observations and experiences working with YOUR PEERS on this project!

Apr 05 2022 Evaluation

Milestone 1 Deliverable Due

Jul 03 2022 Submission Required

STUDENTS! Take the Project Kick-off Survey!

Sep 02 2022 Evaluation

STUDENTS! Let us know how you are doing!

Sep 03 2022 Evaluation

STUDENTS! Let us know how the project is going!

Nov 04 2022 Evaluation

Milestone 3 Deliverable Due

Nov 04 2022 Submission Required

Milestone 2 Deliverable Due

Submission Required

Project Launch

Milestone 4 Deliverable Due

Submission Required

Program Managers

Name Organization
Jenny Redisi Northern Illinois University (NIU)

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