Online Program

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Thursday, October 18
Thu, Oct 18, 2:45 PM - 3:45 PM
Caprice 3-4
Speed Session 1

Evaluation of Reshoring Strategies Using Analysis of Means of Proportion (304834)

*Megan E. Moore, North Carolina State University 
Lori F. Rothenberg, North Carolina State University 

Keywords: Reshoring, Analysis of Means of Proportions, Upper Decision Limits, Lower Decision Limits, ANOP, ANOM

Reshoring manufacturing is being discussed by companies, consumers, politicians, and academics. Companies are highlighting their reshoring strategies in the popular press, and business analysts may need to derive actionable information from these sources. It can be difficult to convert qualitative information into qualitative information for analysis, however, Analysis of Means of Proportion (ANOP) in JMP can be leveraged to complete such a task. This study evaluates a method of using ANOP for analyzing aggregated reasons for reshoring. Advantages of the proposed method include easily understood Upper Decision Limits (UDL) and Lower Decision Limits (LDL), overall proportions of categories, identification of data points that exceed UDL and LDL, the ability to analyze categorical information, and generating easily understood pictorial and graphical representations of the data. Disadvantages of this method include limitations in inference capabilities and the need for correct bin levels. In addition, the use of ANOM will be discussed. Businesses may want to cautiously consider implementing the proposed method when evaluating support or opposition to reshoring sourcing strategies.