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OAITW r.2.0

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3. I worked direcctly with 4 Ops guys that had ties to GE in my careeer.

Sun Dec 22, 2019, 03:12 PM

Dec 2019

Once upon a time, new tooling justifications allowed for 3 year payback in the justification analysis for the investment expense. When that changed to 12 month payback, it was hard to justify US sources for tooling when off-shore companies could produce at a fraction of the cost. When CAD technology took off, so did the off-shoring opportunities. Logically, production followed tooling for the same reasons. And most of the jobs went away, too.

GE Jack was the architect for our US manufacturing capitulation, but the GEs stockholders sure made money with Jack in the driver's seat.

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Short-Term Thinking Is Poisoning American Business [View all] Zorro Dec 2019 OP

It's been happening for way longer than that. OAITW r.2.0 Dec 2019 #1

GE is a great example of short-term thinking ruining a once-dominant company Zorro Dec 2019 #2

I worked direcctly with 4 Ops guys that had ties to GE in my careeer. OAITW r.2.0 Dec 2019 #3

And today's GE sure is not what it once was Zorro Dec 2019 #5

LOL, can I relate..... OAITW r.2.0 Dec 2019 #7

In 90 at a seminar in Germany was told Gm comps found it v hard to work with Am ones bobbieinok Dec 2019 #4

This won't help.... AJT Dec 2019 #6

"Over the long run, the profitable thing and the right thing are usually the same." PETRUS Dec 2019 #8