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Addressing Your Employment Gap with an Apprenticeship Program
With increasingly complex manufacturing processes and an aging workforce nearing retirement, more manufacturers are turning to apprenticeship programs to find and develop skilled talent. It’s a move that makes sense; the National Association of Manufacturers stated in late 2018 that there were nearly half a million unfilled manufacturing jobs in the United States at that…
Inventory Costing: A Deeper Dive
Understanding the cost of inventory and monitoring it over time is critical to pricing your product, controlling costs and ultimately driving profitability. Unfortunately, it’s not uncommon to see production runs of a product line that is not profitable (or has low profitability) due to a lack of understanding over proper inventory costing. When speaking with…
Knowledge is Power: Financial Literacy for Non-Finance Personnel
Imagine speaking with a team of highly functional production personnel who have improved their manufacturing processes, reduced waste and increased capacity. You ask them about the financial impact of their improvements… only to receive blank stares back. Or perhaps you’re discussing how purchasing high quantities of inventory impacts cash flows, but confused looks are their…
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