MLR

Category: Manufacturing

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The term “lean manufacturing” means different things to different people. However, it can generally be agreed upon that lean manufacturing represents a management philosophy that emphasizes the elimination or reduction of waste in order to increase company profitability.

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With technology at the forefront of modern communication, more and more people are turning to the Internet to stay abreast of the latest news and information. Likewise, many of today’s consumers use the Internet to find the best prices and to conduct research when they’re planning their next purchase.

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For qualified businesses, the Domestic Production Activities Deduction (DPAD) is one of the most lucrative tax breaks manufacturers can claim today — having doubled in value in 2007. It increased even more in 2010.

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High gas costs translate into high shipping costs, but manufacturers needn’t passively accept this. Those companies that learn how less-than-truckload (LTL) carriers classify freight can modify their shipping processes to lower shipping costs. That requires research into the complex, ever-changing freight classification rules set forth by the National Motor Freight Traffic Association, an organization that most LTL carriers belong to.

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What makes an effective team? Extensive research has been conducted over many decades to identify the management practices that produce the most effective teams. The findings can be distilled into 10 key behaviors that can make you a better manager and improve the effectiveness of your team. (11/23/2015)

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In recent years, energy prices can only be categorized as volatile, and that volatility is having a major impact on manufacturing profits. Industry accounts for 24 percent of all energy usage annually in the United States, making it the largest business sector. Selection of the right fuels is critical, as is energy efficiency.

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Fostering innovation is a critical component to fueling the revitalization of the manufacturing industry. While companies and the government invest in basic research, and plants have the physical capability of producing goods, there is a gap between invention and commercialization. (10/26/2015)

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The U.S. Tax Code has a long history of tax incentives for manufacturers and other business enterprises. However, as is typical, these incentives tend to come and go at the whim of Congress. Be prepared to make last minute purchases in 2015 should Congress take action. (10/12/2015)

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One of the most highly debated and complex new pieces of legislation regarding food products will be finalized in the coming weeks. The Food Safety Modernization Act proposes new rules that govern both on-farm and off-farm food growing, handling and processing aimed at reducing food-borne illness and risks of bioterrorism.(8/17/2015)

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There has been a lot of press in recent years about the shortage of skilled labor in manufacturing. The employees you need can’t be created overnight, but there is one way your company can fight the challenge – recruit wisely and then retain your people. (8/3/2015)