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Productivity and Cash Flow – What Metrics Are You Missing?

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 …

Tips for Reducing Manufacturing Employee Turnover

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 …

New Year’s Resolutions for Your Supply Chain

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. …

Using an IC-DISC to Lower Taxes

Manufacturers and distributors who export products should consider the use of an interest charge domestic international sales corporation (IC-DISC) to reduce their tax burden. Here are some frequently asked questions about this strategy. …

Ownership Compensation: Beware of IRS Scrutiny

Pinpointing how much a dealership should pay its owners is never easy. You’ve got to consider a variety of factors, including just what form (salaries, benefits, stock) that compensation will take. You also need to ensure your approach will hold up under IRS scrutiny. …