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

Ultrasonic Power Corporation - Conduct a “Make or Buy” Cost Analysis
Due Date
Activities
Deliverables
Status
Action
Wed, 02/02/22
12:00 AM UTC
Project Reveal
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No deliverables are required for this action item.
Description:
Students are introduced the the project topics.
Wed, 02/02/22
12:00 AM UTC
Students Submit Project Preferences
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Description:
Use this process to� elect your preferences and be assigned to project teams. [INSERT LINK]
Mon, 02/21/22
12:00 AM UTC
Program Kickoff
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No deliverables are required for this action item.
Location:
Tue, 04/05/22
12:00 AM UTC
Official Project End!
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No deliverables are required for this action item.
Description:
Note: Schedule a time for student final virtual presentations to industry partners.
Tue, 04/05/22
12:00 AM UTC
STUDENTS! Take a short survey on YOUR learning experience!
Required Evaluation
Evaluation submission is required.
Description:
Please take a few minutes to complete this SELF ASSESSMENT SURVEY on your learning experience with this project!
Tue, 04/05/22
12:00 AM UTC
STUDENTS! Let us know about your observations and experiences working with YOUR PEERS on this project!
Required Evaluation
Evaluation submission is required.
Description:
Please take a few minutes to complete this PEER EVALUATION SURVEY!
Sun, 07/03/22
12:00 AM UTC
Milestone 1 Deliverable Due
Required Deliverable
Required Deliverable
Deliverable submission is required.
Description:
Please upload your deliverable using the link above.
Fri, 09/02/22
12:00 AM UTC
STUDENTS! Take the Project Kick-off Survey!
Required Evaluation
Evaluation submission is required.
Description:
Take a few moments to complete this PROJECT KICKOFF SURVEY before the project begins!
Sat, 09/03/22
12:00 AM UTC
STUDENTS! Let us know how you are doing!
Required Evaluation
Evaluation submission is required.
Description:
Please take a few minutes to let us know how the project is going for you using this TEMPERATURE CHECK SURVEY
Fri, 11/04/22
12:00 AM UTC
STUDENTS! Let us know how the project is going!
Required Evaluation
Evaluation submission is required.
Description:
Take this short survey to let us know how the project is going for you! [INSERT TEMP CHECK LINK]
Fri, 11/04/22
12:00 AM UTC
Milestone 3 Deliverable Due
Required Deliverable
Required Deliverable
Deliverable submission is required.
Description:
Please upload your deliverable using the link above.
Milestone 2 Deliverable Due
Required Deliverable
Required Deliverable
Deliverable submission is required.
Description:
Please upload your deliverable using the link above.
Project Launch
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Description:
[NEED TO COORDINATE with Greg to schedule videoconferencing meeting with class}
Milestone 4 Deliverable Due
Required Deliverable
Required Deliverable
Deliverable submission is required.
Description:
Please upload your deliverable using the link above.

Program Managers

Name Organization
Jenny Redisi Northern Illinois University (NIU)

Teams

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