There's no doubt about it: Business has gone international. New electronic and logistical technologies have narrowed distance and time, and trade agreements have opened markets. And manufacturers are in a good position to venture into the business of exporting.
In the News
Tuesday, September 6, 2022
Peak production season can be a nightmare. It's the time you need all employees to show up consistently and pull their weight. But reality is often far removed from the ideal.
Tuesday, August 23, 2022
As manufacturers look for opportunities to cut costs, equipment downtime is an important area to address. A breakdown, even for just an hour, reverberates through the manufacturing process. It can slow or halt production, leave employees idle, and play havoc with just-in-time delivery schedules.
Tuesday, August 9, 2022
"Safety First" should be your corporate mantra. Focusing on the safety of your products as you make them can help avoid complaints and litigation, give you a marketing edge and raise the bar for other manufacturers, according to the Consumer Product Safety Commission.
Wednesday, July 27, 2022
The term "lean manufacturing" means different things to different people. However, it can generally be agreed upon that lean manufacturing represents a management philosophy that emphasizes the elimination or reduction of waste in order to increase company profitability. In other words, doing more with less.
Tuesday, July 12, 2022
Idle machines, production bottlenecks, equipment breakdowns, absent employees, new orders — these are just some factors that can disrupt production and eat into your company's profit.
Thursday, June 30, 2022
Let's say your company has slashed costs to the bone, boosted productivity and taken market share from competitors. But you still want to see some improvement. It's time to find your weakest link and turn it into a strength.
Tuesday, June 21, 2022
Internal fraud drains approximately $4.5 trillion dollars annually from global businesses, according to the Association of Certified Fraud Examiners (ACFE). According to ACFE's latest Report to the Nations, the median internal fraud loss in manufacturing and production companies is $198,000.
Although companies can experience pilferage from customers, vendors and other sources, employees account for the highest losses, when taking into account offenses such as fraudulent insurance claims, unauthorized time off and theft of proprietary information. Crimes can be as simple as stealing company supplies or as complex as sophisticated financial statement fraud.
Thursday, May 26, 2022
One of the basic costs of doing business is insuring your workers against injury on the job. Escalating medical bills and other factors have caused workers' compensation insurance premiums to increase dramatically. Explore options for reducing the cost of coverage with your insurance agents.
Thursday, May 5, 2022
It's no secret that manufacturing can be one of the loudest on-the-job environments. Over time, many workers suffer from hearing loss — and once the damage is done, they're at risk for other work-related injuries.
So, it's important for your company to adopt a preventive management program aimed at reducing the exposure workers have to noise.
