GSS Insight - Manufacturing Articles
More distributors interested in expanding e-commerce
An increased focus on technology by manufacturers should level the playing field for many small and mid-sized distributors looking to gain better visibility through e-commerce, according to Modern Distribution Management, which conducted a survey of its readership.
Customers looking for leaner, greener packaging
Less packaging and better packaging management generally translate to cost savings for your company. How minimal your packaging can go depends, of course, on your product. Because of increased focus on sustainability, packaging also communicates your company's commitment to lean principles.
Energy boom fueling population growth in Texas, Great Plains
The U.S. oil and gas boom has caught many by surprise, seemingly springing up overnight. Cities in Texas and the Great Plains are experiencing rapid growth as a result and are now the fastest-growing areas in the country, according to new numbers just released by the U.S. Census.
Manufacturers expect to increase hiring, nearsourcing
A new study of nearly 500 small and mid-sized manufacturers found that manufacturing executives expect revenues to increase, hiring to expand and more overseas outsourcing to be brought back to North American shores in 2013.
Water conservation embraced by more manufacturers
Although manufacturing consumes only 5 percent of the water supply, according to the United States Geological Survey, companies are now actively embracing the goal of reducing, reusing and recycling water. The focus is more than an attempt to save money.
Is your supply chain ready if disaster strikes?
It's crucial that materials and parts arrive when you need them in the manufacturing process so that you can fulfill orders and customer expectations. Most people don't like to think about a catastrophe striking their business, but don't put disruption planning on the back burner.
Expense accounts: Are your employees ripping you off?
Maintaining strong controls and consistently reviewing expense reports will help you nip problems sooner rather than later when it comes to expense reimbursement fraud. Here are some red flags to look for.
Part-time workers fill employment gaps
Do you have staffing needs that might best be met by part-time employees? You may want to take advantage of part-time workers to help meet staffing needs during peak periods for your business. Think broadly when considering hiring part-time workers, and look at the pros and cons.
Preventing health disorders that impact bottom line
Assembly-line workers who perform highly repetitive tasks or frequently perform heavy physical labor may be at risk for developing musculoskeletal disorders. Not only are these disorders a hardship for your employees, but they are also unhealthy for your bottom line.
The pros and cons of leasing equipment
When you're looking to add or replace vehicles and equipment, the decision to lease or buy is more than a financial one. It can affect your operations, taxes and future company decisions.
Pricing your products right to maximize profits
A solid pricing strategy can do more for your business than cover costs and generate a profit. Setting your prices right can position you in the marketplace and affect your long-term success. Capturing and analyzing financial and customer information is key.
Is your security adequate against online fraud?
Two of the most common crimes perpetrated against business and industry online are the use of stolen cards and fraudulent mobile transactions. Businesses accepting online payments should regularly upgrade their security and processing technology.
Five ways to cut those fixed overhead costs
Overhead costs are those ongoing operating expenses that aren't tied directly to sales volume. They're often called "fixed" costs because they are incurred no matter how your business performs. With a little work and research, you can cut your overhead and improve your bottom line.