Manufacturing

Manufacturers: Operating Safely and Productively During the COVID-19 Crisis

How Manufacturers Can Operate Safely and Productively During the COVID-19 Crisis The coronavirus (COVID-19) pandemic has forced American businesses to adapt quickly to a radically new economic and operating landscape. If your company sells, manufactures, delivers, distributes or otherwise facilitates goods considered “essential” you may need to operate at full (or overtime) capacity. On the…

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Ohio Manufacturers Asked to Refit to Produce PPE

Ohio Manufacturers Asked to Step Up for Retooling to Produce PPE Supplies On Wednesday, April 1, 2020, Governor DeWine put out a call for all manufacturers who want to repurpose or retool their manufacturing equipment to produce desperately needed Personal Protective Equipment (PPE) for our frontline healthcare providers. [ www.repurposingproject.com ] In response to the COVID-19 challenges,…

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Manufacturers: Recoup Some Capital Investment

Manufacturers: Recoup Some Capital Investment Take a look around. If you’ve been building up piles of scrap, excess raw materials, obsolete equipment, returned inventory and spare parts, you probably need an investment recovery program. Idle assets have value to someone and selling them off makes sense. As much as 70 to 90% of every dollar…

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Track Inefficiencies and Control Costs

Track Inefficiencies and Control Costs If you’re like most manufacturers, you don’t track order-processing. Yet focusing on this performance metric can identify operational inefficiencies that are cost-cutting opportunities. And continued monitoring lets you keep those costs in check and predict future outlays. Customer order management means different things to different people. It may be limited…

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Manufacturing: Fight Back Against Internal Fraud

Manufacturing: Fight Back Against Internal Fraud Internal fraud drains approximately $4 trillion dollars annually from global businesses, according to the Association of Certified Fraud Examiners (ACFE). According to ACFE’s latest Report to the Nations, the median internal fraud loss in manufacturing and production companies is $240,000. Although companies can experience pilferage from customers, vendors and…

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