Case Study: Producing a Culture of Innovation in Manufacturing
Does creativity have a place in the manufacturing sphere? According to Jim Ludema and Amber Johnson, in a recent article for Forbes, the answer is a resounding “Yes.” The authors offer a glance at a company called Crafts Tech, which is “one of the oldest continually operating tool companies in the U.S.” In 2014, the […]
Key Principles of Lean Manufacturing
Lean manufacturing is a tactic often employed in the manufacturing industry. The goal of the method is to minimize waste while maintaining productivity. This is accomplished though continual process refinement. In a recent article from Manufacturing.net, Robert Logemann examines five key principles of lean manufacturing: Value – This principle refers to the need for manufacturers […]
Why You Should Consider Zero-Based Budgeting at Your Organization
Disruption from a multitude of sources is rife in the manufacturing industry. In order to maintain success, leaders need to work hard to make careful, well-informed decisions. In a recent article published by Forbes, author Kweilin Ellingrud makes a suggestion for manufacturers: consider zero-based budgeting (ZBB). Why should manufacturers turn to ZBB? Ellingrud explains that […]
Pursuing Revenue Growth in Your Manufacturing Business
For manufacturers, pursuing revenue growth is a must. In a recent article for Manufacturing.net, author Kyle Uebelhor offers some strategy recommendations for manufacturing leaders as we enter the new year. Connect with your top clients and sales team. Glean key information from your clients and work with your team to establish a strategy for your […]
Manufacturers Aren’t Immune from Wayfair’s Sales Tax Impact
BACKGROUND ON SOUTH DAKOTA VS. WAYFAIR Earlier this summer, the U.S. Supreme Court ruled in the landmark case South Dakota vs. Wayfair that the “physical presence test” for determining if a seller is required to administer sales taxes is “incorrect.” States may now legally require sellers to administer sales taxes, even if the seller has no in-state physical […]
Tax Reform FAQ For Manufacturers
The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” (TCJA) represents the biggest change to the tax code since 1986. While the implications for businesses are broad and complex, we’ve summarized some of the most common tax reform questions for manufacturers: What are the top issues manufacturing companies need to know about tax reform? […]