In manufacturing, we all know that tracking statistics on your operation is essential for understanding how you're doing, as well as identifying areas for improvement. But what does the efficiency metric actually tell you?

The presidents of two manufacturing companies were having a drink in the lobby before the start of their trade association's annual meeting...

To ensure profitability and avoid losses, accurately quoting jobs is the first line of defense.

It's the New Year, and with it comes the opportunity to take a fresh look at your business objectives. Because business development is such a vital part of running a company, I'd like to present some guidelines I have found beneficial for securing new work and new customers.

A great deal of attention has been paid to the decline of manufacturing in America, and I've been accused of being a town crier since the 1980s, when I began to see our nation lose its edge to foreign competition. My concerns have proven well-founded.

This past fall, I had the opportunity to travel to Japan, Korea, Taiwan, and Singapore to witness first-hand the status of the power transmission and machine tool industries in these areas. Points of interest included equipment, material handling, computerization, wage and tax structures, inventory controls, and workforce attitude.