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?
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.