Tag Archives: manufacturing

The Inventory Turnover Ratio – Your Key to Boosting Manufacturing Efficiency

If you run an inventory-based business, it’s critical that you have systems and processes in place to manage your inventory effectively. There’s one simple ratio that can help you evaluate the health of your inventory management—the inventory turnover ratio.

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What is Third-Party Logistics (3PL) and How Can It Help Your Manufacturing Business?

The variables that determine how and when a product is shipped are almost as important as the product itself. However, manufacturers are busier than ever, and your company may find itself falling behind in the rapidly evolving logistics game. In this case, a third-party logistics (3PL) firm could be the right move for your business.

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Cybersecurity Risks in Smart Manufacturing Calls for Strategic Approach

Owners of industrial and manufacturing companies often do not see their operations as a potential target for cybercriminals. They should.

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Accounting Method Change Could Benefit Manufacturers

A change to the cash receipts and disbursements method can potentially yield sizeable benefits very quickly for manufacturing and distribution businesses and be a powerful tax deferral tool over time.

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Lead Generation Tips for Manufacturers

If you’re a manufacturer who wants to generate more leads in 2018, we believe it’s wise to first ensure your basic marketing building blocks are in place and functioning as they should.

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Financial Ratios Manufacturers Can Employ to Gauge Production Efficiency

Every manufacturer aims to maximize efficiency to drive production and ultimately increase revenue. After all, if your operation can produce more units with less labor at a lower cost, you are on your way to achieving your goal.

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Effects of E-Commerce Supply Chain on the Manufacturing & Distribution Industry

At a time when business-to-business e-commerce represents approximately 25 percent of the global manufacturing trade, companies are increasingly choosing to only complete business transactions with companies working with an e-commerce system.

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Why Manufacturers Should Be Aware of New Cybersecurity Threats

Due to emerging advances in technology, the manufacturing sector is now one of the most frequently hacked industries, second only to health care.

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Robot Tax – Good or Bad for Manufacturing Businesses?

Placing robots into your manufacturing plant can be a valuable time and money saving strategy to improve your business’ overall bottom line. However, are there underlying issues with the robotics “revolution” that could lead to potential future taxes?

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Benchmarking – 5 Strategies to Help You Keep Score Against Yourself and the Competition

Few manufacturing and distribution businesses really execute proper benchmarking – internal or external – despite its many benefits.

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