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DTSTAMP:20260422T115722Z
DTSTART:20250227T160000Z
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ORGANIZER;CN=David Walsh:MAILTO:davidchr_90278@yahoo.com
SUMMARY:THE FENG: Reverse "Off-Load": Bringing Back Manufacturing to the US
LOCATION:Join Zoom Meeting\r\nhttps://us06web.zoom.us/j/84384461134\r\nMeeting ID: 843 8446 1134
DESCRIPTION:Topic: Reverse "Off-Load": Bringing Back Manufacturing to the USSpeaker: Bissell Smith, CFO, CIO, ConsultantPresentation:1. Offload of the Early 90’s&nbsp;- Industry Changes / Providers &amp; Rates of Production&nbsp;- 90’s Off Load – Transfer sow to Supply Chain&nbsp;- Implications / Did we give too much away?&nbsp;2. Example of a Historical Balance Sheets / Assets&nbsp;- Different capital position than today’s large Aerospace companies&nbsp;- Higher PP&amp;E and Working Capital Shifted to Suppliers w/extended terms&nbsp;- What’s changed ?&nbsp;- Supply chain making up 60-80% of direct costs&nbsp;- Many problems w/conflict minerals, denied parties, etc…- Schedule and supply chain issues&nbsp;- Quality issues&nbsp;3. Reversing the change in demand (Vertical Integration) makes sense again&nbsp;4. CAD/PLM Changes&nbsp;- Model based manufacturing, Automated Tooling, Automated Machining&nbsp;- Flexible Machinery – driving the ability to remove labor, stay at near full capacity&nbsp;- Improves dependability w/supply schedule and higher quality&nbsp;5. Impacts of changing back - What’s the likely hold up?&nbsp;- Technology, Skills, Hesitancy to shift the balance sheet&nbsp;- Be open to driving this change. W/o CFO/Controllers working the long-range planning it will never occurSpeaker's bio:- Background in Finance, Program Mgmt, Engineering, IT/Comp Engr, Procurement, &amp; Manufacturing&nbsp;- LTV Aerospace -&gt; Vought A/C -&gt; Northrop Grumman (35yrs)&nbsp;- Design Support, Program Controls, Program Business Mgr, CFO Grumman Olson, Division Finance, Financial Shared Services, ERP/PLM – Digital Environment, Procurement, Manufacturing HR, Mfg Technology.&nbsp;- Post NGC&nbsp;- Dassian Sr VP (Boeing, Moog, Pratt, Rolls, Honeywell, Lockheed, Raytheon, ULA, NG, etc…)&nbsp;- Aerion Supersonic (Sr VP/ELT - CIO)&nbsp;- CFO FLI – Freedom Lift Innovations (Hybrid eVtol)&nbsp;- InFiNet LLC - Consulting Aerospace (Sierra Space, Maxar, Boom, NG)
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