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| What are Your Inventory Levels Telling You? |
“Inventory management continues to be a challenge for many in manufacturing. A key factor: murky transparency across the supply chain. It is not uncommon for customers to signal they will need significant products based on their forecast, only to reduce orders based on actual demand.”
So goes Laurie Harbour’s latest blog post, stressing the importance of continuously monitoring data, and using it to make better, faster and more-informed decisions.
“(This) also arms you with information to share with customers to justify your decision-making,” she says. “For example, if you have a report indicating a three-month historical inventory release, you could compare it to a three-month forecast provided by the customer and determine if it’s accurate or should be adjusted. If the customer requests you have more on hand, you can provide the historical data to push back.” |
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| Elevate Your Manufacturing Business With Modern ERP |
We surveyed over 650 industry leaders to learn what they seek in an ERP partnership.
In our 2023 Manufacturing Industry Insights Report, you’ll discover the importance of: - Cybersecurity and risk mitigation
- Seamless integration with other applications
- Ongoing implementation support
The future of ERP is here. |
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| Nearshoring and Beyond: Hot Topics for Automotive Companies Operating in Mexico |
| Companies
operating or considering operating in Mexico should evaluate the pros
and cons of manufacturing in Mexico and be aware of the key developments
highlighted in a National Law Review article. Discussed: several recent Mexican labor regulations automotive-industry suppliers must understand, as well as the most recent interpretation of the United States-Mexico-Canada Agreement´s (USMCA) Automotive Rules of Origin, and new requirements concerning transparency of ownership. |
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| You Need More Than Just Another Supplier |
| At
Clips & Clamps Industries we see what we do as more than metal
forming. We are creating solutions & solving problems for our
customers through practical and economical manufacturing processes. Our
capabilities include stamping, slide forming, wire forming, automated
assembly, welding, and tooling design and build. A Women Owned Business
since 1954. Contact us at: sales@clipsclamps.com |
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| U.S. DoL Announces More than $12M in Grant Funding for Worker Safety and Health Training Grants |
The U.S. Department of Labor has made available more than $12.7 million in funding to support training initiatives designed to promote safety and health in the nation’s workplaces. Administered by the department’s Occupational Safety and Health Administration (OSHA), the Susan Harwood Training Grant Program includes funding opportunities for: - Targeted Topic Training: Supporting educational programs that identify and prevent workplace hazards.
- Training and Educational Materials Development: Supporting the
development of quality classroom-ready training and educational
materials that identify and prevent workplace hazards.
- Capacity Building: Supporting organizations in developing new
training programs to assess needs and plan for full-scale safety and
health education programs.
Submit grant applications by 11:59 p.m. EDT on July 7, 2023. |
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| Destiny of Manufacturing Podcast Features PMA President David Klotz |
“When we offer our technical training, we now have as many people online as we do in person,” PMA president David Klotz tells podcast host Dean Phillips, “bringing PMA’s educational offerings to bigger audiences. We’re doing more with our districts, improving communication throughout PMA locally and nationally, and fostering more engagement.
“We’ve also fortified our training offerings through the PMA Educational Foundation,” Klotz continues, “and, last but not least, we’re continuing our advocacy efforts to lobby on behalf of the metal forming industry for favorable trade policy and legislative action.” |
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| Fact
Sheet: White House Announces Strategies to Train and Connect American
Workers to Jobs Created by the Investing in America Agenda |
According to a White House Fact Sheet on the Investing in America Workforce Initiatives, unveiled on May 16, 2023, “in order to unleash the full economic and job-creation potential of these public- and private-sector investments, the Administration has identified an initial set of five Workforce Hubs, each centered on key industries. …Each Workforce Hub, consistent with the needs of the specific city or region, will work to secure private-sector and state and local commitments to expand pre-apprenticeship and Registered Apprenticeship programs, develop or expand career and technical education programs aligned to Investing in America jobs and careers, and provide supportive services that are particularly critical to helping underrepresented students and workers succeed.”
Hub locations: Phoenix, AZ; Columbus, OH; Baltimore, MD; Augusta, GA; and Pittsburgh, PA. |
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| Benefits of On-Demand Manufacturing Software |
| “On-demand manufacturing software allows manufacturers to produce goods only when needed, reducing the need for expensive inventory and warehousing costs,” reads an article penned by 3YourMind. “In addition, such software can reduce production costs by optimizing the manufacturing process. It can alleviate inefficiencies and bottlenecks in the manufacturing process, which can be addressed to improve productivity and reduce costs.” |
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| Build a Manufacturing Youth-Engagement Program |
If you haven’t yet heard of Pennsylvania’s “What’s So Cool About Manufacturing” program, I recommend you read up on it, devised 10 years ago to create manufacturing awareness across an entire community. At its core is a middle-school video competition that spotlights why local manufacturing businesses are cool.
These results illustrate the program’s amazing track record of success, and why the program is worthy of benchmarking: - 1125 student team-made videos
- 6000 student participants
- 602 Pennsylvania manufacturers featured in at least one video
- 309 participating school districts (60 percent of the state’s total)
- Dozens of opportunities for MEP Centers to annually engage with new manufacturers and strengthen their brands.
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| Webinar: 2030s Great Depression Update |
Presented by ITR Economics CEO Brian Beaulieu and president Alan Beaulieu, this webinar will explain how what happens in the 2030s will impact how well our children and grandchildren fare—from an economic perspective. Attendees will learn of ITR’s latest thinking about the timing and magnitude of the coming challenges, and the presenters will share a list of industries and markets that they think will hold up relatively well.
Plan now to attend, July 27, 2023, 2:30 p.m. ET. |
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Management