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SingaporeWhen you track direct labor time by hand, things slow down…a lot. You encounter the following challenges: Daily balancing takes much longer than it should. Scheduling issues cause machinists to stand around because they don’t know what to work on next. Inventory problems cause unwanted downtime. Operators waste time tracking down correct revisions of routers,…
Month: August 2018
Metalforming manufacturing companies anticipate an improvement in business conditions during the next three months, according to the August 2018 Precision Metalforming Association (PMA) Business Conditions Report. Prepared monthly, the report is an economic indicator for manufacturing, sampling 112 metalforming companies in the United States and Canada. The August report shows that 29% of participants forecast an…
It wasn’t too long ago that manufacturers who could consistently provide a quality product on time would go straight to the head of the class. Today, your customers consider quality and on-time delivery as basic requirements in order to be considered. When you can’t deliver what your customers want, when and how they want it,…
Job costing is complex, tricky, and one of the most difficult tasks in a manufacturing business. If you have mastered the art of job costing, you most likely have an ERP system. If you haven’t, you need an ERP system. Manufacturing job costing brings together a vast array of elements from materials, freight, labor, and…
Our customer, a machine shop owner, shares six attributes that good shop leaders have. If my shop needs my 24-hour involvement to run effectively, then I have failed as a leader. Confident delegation of decision-making and Swiss CNC machining operations allows me to venture out to network, learn and promote our industry. If I succeed…
Here’s how you can benefit from D&O insurance for manufacturers. With today’s emphasis on corporate transparency and accountability, a manufacturing company’s directors and officers face countless numbers of exposures. Regardless of your company’s size, the legal costs associated with a lawsuit can be crippling for both the business and your directors and officers. Many wrongly…