Monthly Archives: August 2013

It’s the beginning of 2005, which means a new era in financial reporting for public companies in the US. The Sarbanes-Oxley Act is the most sweeping set of financial regulations since the securities acts of the 1930s. And, in January many companies began submitting to independent auditing overseen by the Public Company Accounting Oversight Board […]

As with most corporate initiatives this decade, companies are looking for better ways to manage and reduce costs and increase profitability. In many industries, outsourcing has allowed companies to focus on core competencies and potentially reduce costs. Semiconductor manufacturers, for example, incur significant capital expenses to start up and maintain a production facility. Polyurethane Resin […]

With the beginning of every New Year, we make resolutions to abolish bad habits and replace them with smarter alternatives. While you accountants are working off those extra holiday pounds with 10-key machine exercised, you should also take a moment to consider some resolutions to improve the performance of your cost management organization. Business writer […]

It is no secret that today’s economic environment has introduced a number of challenges that make it difficult for companies to achieve and maintain profitability. In general, process manufacturing companies are experiencing reduced demand that ultimately drives down revenue, but that is not the only factor that affects whether a company is profitable. One of […]

All businesses run on data. But those businesses who harness the power of data have the potential to set themselves apart from the pack. For the past decade, experts have opined about the importance of business intelligence tools. Unfortunately, just knowing performance results from the last month, quarter or year is not information that helps […]

by Andy Bigalow, CPIM The goal of any complex manufacturing business is to make profits.  But the inability to calculate your true manufacturing costs could lead to lost profits, orders, and customers.  To remain competitive, you need to know the answers to a number of questions:  Are you able to price your products at profitable […]