Blogs

Article | 5 min |
Manufacturing technology is quickly elevating through notable advancements in artificial intelligence (AI) and Internet of Things (IoT) devices and services. For manufacturers, the coming year may be indelibly marked by the futuristic changes these advanced technologies bring. Yet the question for manufacturing leaders is more practical: Is investing in new technologies worth it? One recent survey calls the potential value extracted from new manufacturing technology into question: 88% of companies that integrated new technology say that achieving measurable value from their investment is...
Article | 7 min |
Going green has the potential to be a wise business decision for the manufacturing industry. In fact, it seems many manufacturers are making the jump to more sustainable processes and business operations. Traditional manufacturing processes are based on a linear model of consumption—that is, finite energy resources are consumed during the production process and many products are often discarded. But as concern grows regarding these finite resources and as costs go up, pivoting to green manufacturing is one way businesses can preserve these resources and keep costs down. Resources aside, we’ve...
Article | 5 min |
The fragility of global supply chains was glaringly apparent after the COVID-19 pandemic ground everything to a halt. Inadequate supply chain capacity planning caused sweeping shortages of essential goods for consumers and manufacturers alike—some of which may still stand today. Just-in-time manufacturing may help facilities operate at maximum efficiency by eliminating high inventory costs. Yet the system builds in practically no fail-safe to rapidly respond to anomalies. Without predictive technology guiding production, or any stock to fall back on, there’s no room to adapt to unforeseen or...
Article | 5 min |
The end of the year can be an ideal time to look back at the progress your company has made and celebrate the collective effort that helped you reach your goals in the past year. After all, a key way to boost morale is to recognize past successes. But at the same time, it’s also helpful to start thinking about strategies for long-term business goal setting. Did your company miss any benchmarks this year? Gaps in your high-level strategic planning for the past year’s cycle are likely to blame. So, to bring about scaled growth, you’ll want to consider improving internal goal alignment across...
Article | 3 min |
No one can foresee what the future holds for any business but having business emergency funds available can help with keeping afloat during difficult times. Let’s dive into business emergency funds: what they are, how to calculate how much to save, how to set up an account, and strategies that may streamline the whole process. What Are Business Emergency Funds? An account earmarked for business emergency funds provides you with a nest egg to use for emergencies and new opportunities that fall on your business doorstep. Also called cash reserves, capital reserves, retained earnings, or...