With the U.S. near full employment, employers are finding that they need to work hard not just to pursue new hires, but also to retain their current staff. In a recent article published by Industry Week, the findings of a newly-released survey conducted by the ADP Research Institute are discussed. The survey, taken in September […]
Whether you have a fully developed Six Sigma-based program in place or are simply keeping an eye on productivity, it’s important to be looking at metrics. Not only do they give an account of your current status, they can help you to identify opportunities for improvement. According to lean expert Larry Fast, manufacturing and distribution […]
According to a recent study on entry level employees, which included positions at manufacturing and distribution plants, there are a number of contributing factors that can make or break a manufacturing and distribution company’s employee retention rates. Results of the study were discussed in a recent article from Business Knowledge Source and included the following: […]
It’s that time again – time for New Year’s resolutions. Aside from the usual personal goals, maybe it’s time to make some resolutions for your supply chain. In Industry Week’s new article, “10 Supply Chain New Year’s Resolutions,” author Michael J. Gravier, Ph.D., offers some suggestions. Here are a few to consider: Become more transparent. […]
Everyone has at least one pet peeve. The IRS has many. Here are some items that the tax agency may target on a manufacturer’s 2014 tax return — and ways to help safeguard against an IRS audit.
Hidden Messages in Your Financial Statements: Ratio Analysis and Industry Benchmarking Provide Added Insight
By themselves, financial statements provide limited insight into a manufacturer’s performance. To get a clearer picture of what’s really happening requires a relevant basis of comparison. Financial ratios and industry benchmarks provide management with the tools to identify strengths and weaknesses.