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Article Excerpt
Cites Competitors Outsourcing by 50%, Fixed Prices, High Cost of Capital Among Reasons For Change
* Federal Reserve Bank of Dallas Estimates 3,314,400 Jobs Will be Outsourced to Low Wage Countries by 2015
NEW YORK, Oct. 22 /PRNewswire/ -- D'Addario & Company, Inc. (http://www.daddario.com/), the world's largest manufacturer and distributor of music instrument accessories and the global leader in the design, manufacturing and distribution of strings for musical instruments is going "LEAN" to achieve "Kaizen," Japanese for "Continual Change for the Better." D'Addario is undergoing the company-wide overhaul to avert outsourcing, stay competitive, and remain manufacturing in the U.S. for another 100 years. Originated by Toyota, LEAN means" pursuing perfection by eliminating waste through continuous improvement." While many U.S. firms are staying profitable by outsourcing their manufacturing, D'Addario is using a Japanese system to keep manufacturing in the U.S. D'Addario CEO James D'Addario said, "Our Italian culture taught us the art of...
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