Is Your Manufacturing Company a Learning Organization?
In her new article, “6 Telltale Signs Your Manufacturing Company is a Learning Organization,” Linda Wechsler tells the reader what criteria to look for: All employees understand and believe in the company’s vision, mission, and values. Continuous improvement is a constant state of mind in every person, front line to CEO. Learning is an integral […]
2017 Business Risks
Hopefully, 2017 will be a year of great prosperity for you and your business. What risks will businesses face in the coming year? CPA Practice Advisor’s managing editor Isaac O’Bannon reports on the findings of a new study examining these risks. “Recent global uncertainties and their potential effects on businesses are top of mind for […]
OSHA Final Rule
OSHA has issued a final rule regarding record-keeping of workplace illnesses and injuries. The final rule’s amendments clarify employers’ obligations, but they do not add any additional compliance requirements. The final rule reads, “The duty to record an injury or illness continues for as long as the employer must keep records of the recordable injury […]
Asset Mismanagement
Efficiency and cost are significantly impacted when electronic and tech assets are not properly tracked – whether they’re lost, broken, or even stolen. Supply Chain 24/7 lists five ways the mismanagement of these assets will affect your business. Here are the top three: Delayed jobs and services: If workers can’t do their jobs, that effects […]
Trump and Domestic Manufacturing
Every industry has speculated about what changes might occur once President-elect Trump takes office on January 20, 2017. Here are a few of the policy issues that could impact domestic manufacturing: Tax: President-elect Trump has spoken at length about tax reform. He has proposed lowering the individual tax rate to 33% and the corporate tax […]
Growing Number of Businesses Financing Equipment
A new study gives an in-depth look into equipment leasing and purchasing trends. The study, released by the Equipment Leasing & Finance Foundation, found that 78% of businesses used at least one form of financing when acquiring equipment in 2015. This figure is up from 72% in 2012. Modern Materials Handling has some of the […]
Urgent Update: Department of Labor Ruling Blocked
Late yesterday, a federal judge in Texas blocked the Department of Labor’s ruling on overtime pay, which was set to take effect on December 1st. This is the ruling that would require employers to pay employees making under $47,476 per year at a rate of time and one half their regular hourly pay, for all […]
Chemical Safety Strategic Plan
The U.S. Chemical Safety Board (CSB) recently released its strategic plan for the years 2017-2021. The CSB is responsible for investigating gas leaks and chemical spills, among other safety issues. In the CSB’s press release, Chairperson Vanessa Allen Sutherland commented, “With the successful execution of our mission and strategic goals, the CSB will continue to […]