What Better Data Can Do For Your Business
Companies of all sizes in a variety of industries are using data to give their businesses a boost. There are a number of ways new data can give fresh insight into your company’s operations. What do you know about your suppliers? Are they still meeting the demands of other manufacturers distributors or are they […]
How Does Your Business Manage Risk
Developing a risk mitigation plan is essential to efficient supply chain management. Waste in the supply chain translates to higher costs and decreased revenue, as well as negative customer service experiences. The first step is identifying risks in your supply chain. Procurement, delays, transportation, inventory, and many other forms of risk need to be considered. […]
How to Improve Returns in a Capital Intensive Industry
Capital intensive industries often struggle to find a level of stability beyond satisfactory. By restructuring your portfolio, there is capital to gain. Many investors are abandoning industries that were once the cornerstones of financial security for new, more stable opportunities. Capex and Cost Base Capital intensive industries often forget how important having a firm foundation […]
Top Tips for Getting Continuous Improvement Approved
Innovation and capital are two items that keeps businesses turning. Finding common ground between the innovators and the financers can be a difficult task for all parties involved. Often the finance department can be perceived as blind to the needs of operations, seeing only the costs involved and not the benefits. Strategic communication is vital […]
Top 2016 Investments for Manufacturers
The constant market fluctuation of demand creates a seemingly unending state of change for manufacturing. Data is everything in modern industry, without up-to-the-minute knowledge, companies can become too out of touch with market needs and potentially fail. For manufacturers distributors to remain viable, some retooling may be needed. 3D Printing Manufacturing companies are often required […]
Capitalizing on the Fed Hike
With the new rate changes, companies stand to lose in 2016, however, these few changes could make 2016 a winning year for manufacturing. The goal is to reduce long-term costs while capitalizing on reduction opportunities afforded by the IRS. Rates have long been kept low in an effort to facilitate growth after the recession of […]
Tips to Make Your Company Lean and Mean in 2016
This past year saw steady growth throughout the industrial sectors of the United States and Canada. With the stress of an election looming, and an uncertain future in Asia, businesses are seeing a steady decline at the start of the New Year. Business cycles come and go. Growth will eventually prevail, but until then, here […]
What Manufacturing Workers Want
ResourceMFG recently began conducting a Manufacturing Employee Opinion Survey which will be conducted annually. Of the 2,500 people from the manufacturing and distribution industry surveyed, one thing was apparent. The number one subject of importance to the hourly manufacturing and distribution employee was pay rate. While this is not a surprise, the reasons for which […]