Name: Kyle Stemple, CPA, Director of Manufacturing Services
Web Site: http://www.reacpa.com/kyle-stemple
Posts by Kyle Stemple, CPA, Director of Manufacturing Services:
Contrary to popular belief, the manufacturing industry is alive and well. For years, we’ve heard that it’s a “dying” industry. But that’s just not so. In fact, many manufacturers are enjoying higher profitability than 2008 pre-recession levels. However, if your manufacturing business is still young or you’ve hit a rough patch and are starting to see a downward shift in your sales and employment, there’s assistance that you may qualify for to help you get out the rut you’re in.
If you purchase equipment in 2011, you can take advantage of greater depreciation bonus expensing, but you have to plan ahead. Here are some considerations. Read the rest of this entry “
Ask any kid where he or she wants to go on vacation. Most, without hesitation, would say Disney World. (The same goes for a number of adults, too.) Disney World isn’t just an amusement park – it’s a place to escape and enter into a different world. A magical world full of fun and experiences you’ll remember for a lifetime. Read the rest of this entry “
The management philosophy of Lean Six Sigma is centered on improving efficiency and effectiveness in your business. We use the acronym Downtime +A to describe to nine categories of waste that is commonly found in processes: Read the rest of this entry “
In better economic times, banks were the only ones concerned with the financial statements of manufacturers. Today, however, a manufacturer’s customers may also make access to financial information a condition of doing business with them. Read the rest of this entry “
The recent economic downturn forced many companies to reduce their workforce to a level more commensurate to revenue. And now that a few “green shoots” of recovery are beginning to sprout, some of them are considering hiring more workers. However, they’re cautious, and not sure the current uptick will last beyond a few months. Is there another way to address your increasing work load? Read the rest of this entry “
As you work to improve efficiency and effectiveness in your business, are you fully engaging your employees in helping you? If you follow the management concept of Lean Six Sigma, your employees become a key ingredient to achieving world-class results.
Lean is about harnessing the knowledge of your employees to better serve your customers – both internal and external. There is an important human element to Lean enterprises. Your company’s management, as well as your employees, must be fully committed and understand what Lean is all about – because without their buy-in and true leadership, your Lean efforts will fail. You can pick and choose certain “Lean projects,” but without fully embracing Lean, you will not achieve your company’s full potential. Read the rest of this entry “