In a conversation with our technical program manager over the last several weeks, I have come to the conclusion that the terms "engineering" and "fast" rarely belong in the same sentence — or my expectation of how product development engineers define “fast” simply needed a major reboot. When a customer expresses interest, my emotional,...
At its very essence, every contract manufacturer exists to solve a cost, quality and/or diversity problem for its customers. While these three rarely change the business environment, challenges and demands continue to evolve. Changing to meet the new challenges of the OEMs you support has simply become the new normal. New year = new trends.
Thanks to the show Shark Tank (@ABCSharktank), people with ideas have been looking for a way to make it big. So many great ideas arise every day and, while not every one of them will succeed, you can be sure that a few will. Knowing that a handful will find success gives us hope that our ideas might too!
Are you building a global network or trying to beef up your existing operations? If so, there are some factors you simply can't ignore when it comes to forging a robust supply chain. Below are the key building blocks that should be on your radar.
According to the Material Handling Institute (MHI), Material Handling Equipment Manufacturing represents some $30 Billion (over 25%) for the US Material Handling Consumption of nearly $165 Billion! $30 Billion! Consider for a moment that $1 Billion = 10 tons (or about 10 pallets stacked neatly with $100 bills). Lots of $100 bills.
We literally met one of our fastest growing customers walking down the hallway of their office after a meeting with the engineering and purchasing teams when the Global Sourcing Manager stuck his head out of his office and quipped, “Hey, can you guys make this?” Turns out the answer was, “Yes!”
There are two simple truths I’ve learned in manufacturing: (1) the larger the company, the smaller the NDA. Why? They have an office building somewhere with more attorneys on hand (or within reach) than most global manufacturing companies would care to count. And (2) the larger the OEM, the longer the supply agreement.
On April 16th, 2015, the new water heater energy factor requirement took effect – thanks to the National Appliance Energy Conservation Act (NAECA).
ABC’s TV show, “Shark Tank” averaged over seven million viewers per week for this, its 6th season! Whether you love the concept or enjoy watching Lori, Barbara, Robert, Daymond, Mr. Wonderful, or Mark Cuban either build or shatter dreams, the reality is that people enjoy watching everyday products get the opportunity to grow big time.