While the outlook is largely positive for the manufacturing industry in 2017, this doesn’t mean that there will be zero challenges. With growth comes competition, and manufacturers will need to adapt to these challenges if they want to become leaders and remain agile in the market place.Read More
Back by popular demand! We published this blog just a little over a year ago. It has proven to be one of our most popular blogs of all time! So, we decided to update it, expand it, and republish it.
We know that if you’re a small or medium-sized manufacturer, it can be a real challenge wearing all of the different hats you need to wear to run your business. No doubt, if you had the budget, you would probably hire additional people or purchase new systems or software to free up some of your time so you could focus on strategy and ways to grow your business. Well, here's the good news.
According to the most recent report from the Institute for Supply Management, the manufacturing sector is doing quite well, along with the general U.S. economy.
The industry’s health indicator, the Purchasing Managers’ Index (PMI), rose to a healthy 54.7 percent in December – an increase of 1.5 percent in November. More importantly, for the 91st consecutive month, the overall economy grew, according to the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.Read More
For many manufacturing businesses, the default approach in providing customer service is to respond to problems as they arise.
While this reactive method may satisfy the customer for that moment, it fails to take a more proactive approach in handling customer service issues. Instead, imagine if you could solve problems before customers had to call you. Or even better, if you could address issues before they even became aware of them.Read More
The word “robot” comes from the Czech word “robotnik”, meaning “to slave.” Factories started using these machines in the early 1960’s to handle some of the more dangerous or mundane tasks that humans didn’t want to do. However, they did more than fill unwanted factory jobs; they completed the work with unprecedented speed and precision. Today, robots perform all kinds of tasks and can be classified according to different criteria such as:Read More
As our veterans return home and are discharged from their military service, many are thinking “Now what do I do? I am leaving a structure that provided me a purpose, a goal, and stability.”
This is where an organization called Workshops for Warriors (WFW) comes into play.
Workshops for Warriors provides training in advanced manufacturing technologies to help these young men and women find a new purpose and a sustainable job to support themselves and their families.Read More
Recently, I have been the unfortunate witness to an incident where a trusted employee, the Controller, absconded with high six figure amounts of money. This individual arranged for credit cards to be opened in the name of the company, authorized by a “letter” from the Principal whose signature was forged. Without going into the liability of the banks and credit card companies that enabled this embezzlement, there are some lessons to be learned that I would like to pass on. Hopefully, this will raise the awareness level of small manufacturers that fraud and theft is alive and maybe flourishing where you least expect it – in your company.Read More
With the housing market returning and buyers feeling more comfortable with the economy, it’s good news for the furniture industry; since the housing and real estate market are the largest drivers of industry demand.
Each year sales fluctuate based on design preferences from homeowners, renters and office professionals. Since 2014, there has been a steady annual increase of about 4% in new furniture sales among U.S furniture manufacturers.
Predictions indicate that the increase will continue in the coming years.Read More
The United Inventors Association of the USA, the Academy of Applied Science and Inventor’s Digest magazine declared the month of May to be National Inventors month in 1998 giving recognition to our nation’s creative innovators.Read More