Companies that focus their efforts strictly in distribution may not think there is much change that could be required to their methods of revenue recognition. After all, they just take someone else’s product and ship it to their own. Read More >>
Sales in a manufacturing environment can take a wide variety of directions that would result in significantly different revenue recognition timing on a company’s financial statements. If your operation makes a very simple product that is sold on a. Read More >>
Most manufacturers have already applied classic business management concepts, such as just-in-time production and continuous improvement initiatives, to enhance cash flow and efficiency. But those efforts might not be enough to stay competitive in a technology-driven marketplace. Here’s how. Read More >>
Two major accounting rule changes will soon go into effect — and they’re expected to have major impacts on how many manufacturers and distributors report their financial results. Here are the details, including what’s changing, when the changes must. Read More >>
If your company needs to expand its facilities or update equipment, you may be weighing the pros and cons of financing vs. leasing. There are many factors to consider when deciding which option is best for your company. We’ve. Read More >>
Manufacturers and distributors face rising costs of labor and benefits, burdensome government regulations and, more importantly, a shortage of skilled workers. In light of these human resource challenges, investing in automated equipment may seem like a smart alternative to. Read More >>
Many manufacturers and distributors are experiencing slower payments these days — a hangover from the recession that some larger customers have held on to. It’s not unusual for buyers to stretch their payments from 60 to 75 or even. Read More >>
Scrap materials sometimes pile up on the shop floor, especially when a plant ramps up production to meet peaks in demand. Excess scrap can lead to safety issues and cleanup costs — but waste extends beyond trash in. Read More >>
In the wake of the recent Equifax data breach, manufacturers should reassess their risk of fraud. According to the Association of Certified Fraud Examiners (ACFE), manufacturing ranks among the top three industries with the greatest number of fraud cases. Read More >>
You can never be too busy to review warehouses layouts and how employees move around the space. Awkward or repetitive movements by employees, oversized packages, and disorganized layouts can slow down productivity and even lead to medical and. Read More >>
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