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In the increasingly competitive global marketplace, manufacturers need to continually strive to reduce costs to keep or increase market share. This is one of the key factors in making the decision of whether to make parts in-house, outsource to domestic suppliers, or outsource offshore. Even after a company makes the decision to outsource to a supplier, most don't look beyond the quoted unit price in making the decision about which supplier to select. This is especially true when comparing the quotes for domestic vs. offshore suppliers. Some companies choose to outsource offshore because the price is cheaper than a domestic supplier. They don't add in the costs for transportation, much less all of the other "hidden costs" of dealing with an offshore supplier. In order to make the correct decision for outsourcing, a company needs to understand the concept of "total cost of ownership" for outsourcing manufacturing. What is "Total Cost of Ownership?"

  The advances in technology will send humans to Mars in the near future. Internet of things, 5G, artificial intelligence, automated driving, and so on and on, probably no one is able to list all the new technologies that are emerging. The complexity of the technological world is wonderful but just as bewildering, and difficult to grasp. Yet, the researchers, engineers, and technicians just need to focus on their own portion of the work. The complex robots are composed of smaller functional units that are manageable by the respective professionals. They are guided by scientific texts and in the minds. Despite the complexity of technologies, they will finally be traced to the simple origin in scientific texts. Wikipedia defines technology as "Technology is the sum of techniques, skills, methods, and processes used in the production of goods or services or the accomplishment of objectives, such as scientific investigation  99sitedirectory.com ." In the bing.com search, technolo