Posts Tagged ‘manufacturing’

How Can Manufacturers Deal With Competition?

Friday, December 20th, 2013

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.

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How Can I Solve My Staffing Woes In The Manufacturing Industry?

Friday, October 4th, 2013

Being a manufacturer in today’s economy has it opportunities and challenges, and right now you may be flying high on business and running low on people to actually do the work. You may scratch your head daily over this issue and wonder how you can attract the right individuals to do the jobs. Let’s start with the root of the problem—perception. And then I’ll share how some manufacturers are combating this perception.  (more…)

How Do You Get a Handle on Your Inventory?

Wednesday, November 28th, 2012

Inventory management can have a very direct impact not only on your profit but also the cash flow of your business. Inaccurate inventory will directly affect your business profit. If the inventory is too high, you may be paying tax on higher profits than you actually have. If it is too low, you run the risk of understating taxable income and, if audited, the IRS can hit you with back taxes and penalties. (more…)

Do You Know The True Cost of The Products You Produce?

Friday, August 3rd, 2012

After the ups and downs of the last few years, we should all know that, when it comes to the economy, anything is possible.  Some businesses vanished during this downturn, others survived – and some actually flourished!  Those that survived and those that flourished had one thing that others did not: an understanding of their product cost. While many of our clients are seeing their sales volumes return to pre-2008 levels, I wonder how many of them truly know what it costs to produce their products. (more…)

Want some good news? Ohio tops in manufacturing, logistics

Friday, July 15th, 2011

According to a report by Ball State University’s Center for Business and Economic Research, Ohio is one of only two states in the country to earn an A in manufacturing and logistics. And the Center predicts manufacturing to hit all-time highs in 2011 and 2012. (more…)

Do You Export? Lower Your Taxes with IC-DISC

Wednesday, March 9th, 2011

If your manufacturing company has $1 million or more in export sales each year, or if you sell products that are ultimately destined for use overseas, you may benefit from a tax tool that was extended along with the Bush tax cuts in December. (more…)

Are Vendors and Customers Checking Up On You?

Monday, June 14th, 2010

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. (more…)