This article discusses some key trends to be on the lookout for in the manufacturing industry while also stressing the importance of understanding these trends and applying them to your day-to-day operations. For example, COVID-19 protocols and safety, utilizing the IoT, localized production, and predictive maintenance are expected to have a major impact this …
This article dives deep into the concept of business identity theft, as well as preventive measures that you can take in order to reduce the potential fallout. For example, one piece of advice is to “hire forensic accountants to look at your books…and frequently.” Along with bringing on a forensic accountant, investing in security …
This article discusses the importance of creating a strategic plan to keep your operations on track and centered even in uncertain times. The article outlines ten steps to follow when drafting a strategic plan. Steps such as; assessing the current situation and inventory, conducting a SWOT analysis, establishing a vision, and more. To get …
This article discusses how manufacturers can work to achieve operational excellence. Striving for operational excellence involves a combination of problem-solving, collaboration, and leadership. This article outlines how to improve productivity, efficiency, and resiliency. Keys to ongoing collaboration include following a strategy, identifying benchmarks, implementing communication tools, training, and gaining feedback.
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This article discusses and addresses the uncertain times that businesses are living through right now due to the coronavirus pandemic. With the passing of the Paycheck Protection Program, there are many things to consider when applying for this government aid. For example, knowing the guidelines are not set in stone, tax burdens, tax-deductibility, and …
This article outlines and then continues to dive into detail about seven marketing tips for your start-up business. As a start-up, funds can be limited, but tips such as solidifying your brand, staying true to yourself, clearly define your goals and metrics, budgeting, and social media usage can all benefit your business. Be sure …
This article discusses six emerging trends within the manufacturing industry that you may be able to take advantage of. For example, renting a robot, being aware of deglobalization, and sustainability efforts are all set to have an impact as we move forward in 2021. Be sure to check out this link for more information!
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This article acknowledges and discusses the portrayal that the media gives us of family businesses. Although this industry operates on the more risky side, the owners of family businesses possess a unique decision making power. Additionally, this article outlines the different types of models that you may want to incorporate inside your family business …
Like most industries, the agricultural industry has been shaped and formed in many different ways due to the pandemic. However, by staying on top of different trends such as how important women will become in the industry, nitrous oxide mandates, plant-based food, and digital farming will create a competitive edge as we venture along …
This article discusses how the manufacturing landscape has changed in many different ways due to the coronavirus pandemic. However, predictable trends such as employee safety, a connected workforce, the Internet of Things, and predictive maintenance are all set to take center stage in the new year. Be sure to check out this link for …
