The 3M’s of Manufacturing: Measures, Mindset, and Methods
The challenge for many manufacturers today is that global market conditions have evolved dramatically and have become increasingly competitive, but management processes have often failed to keep pace. How can manufacturers stay competitive and gain market share, especially in tough market conditions?
Put Your Audit in Reverse to Save Tax Dollars
It is a safe bet that the State Revenue Department will let you know if you have not paid enough sales and use taxes, but what are the odds that you will be notified if you have paid too much? The chances are slim, so slim that many manufacturers use reverse audits to find overpayments and seek reimbursements on their own.
Bridging the Generational Gap: Sucession Plans for Middle Managers can Ease Disruption as Boomers Retire
Many manufacturers’ succession plans begin and end with the keys to the executive suite. It’s important to know who will take over when senior executives leave, but the loss of a key middle manager can be more disruptive to day-to-day operations. This article explains the challenges middle managers face supervising a multigenerational workforce and explores the steep costs of employee turnover.
Implement ERP at Your Own Pace
Implementing enterprise resource planning (ERP) — a management system that integrates business processes such as production, sales, inventory, manufacturing and marketing across multiple divisions and organizations — can be a complex, expensive, time-consuming and labor-intensive undertaking.
Changes in Revenue Recognition for Contractors
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) recently published a joint Exposure Draft on revenue recognition, which will have significant implications on contract accounting in the building and construction (B&C) sector if implemented in its current form. The Exposure Draft, Revenue from Contracts with Customers (the ED), is [...]
