Liudmila Davydiuk, director of business development for furnished apartment provider Churchill Living, explains the financial benefits of and the increasing demand for temporary furnished housing.
Proper scenario planning ensures that today’s growing companies are prepared for any conceivable future. The smart leader will plan for all kinds of battle campaigns while knowing he or she will only have to fight through the one course or scenario that actually occurs. When the time comes, being able to pull that plan off the shelf and put it confidently into action will make the difference between sprinting ahead and stumbling.
The rise of platform adoption will only continue to grow as the digitalization of business becomes a must-have rather than a nice to have. The platform houses the most important business functions in one place — improving productivity, accelerating innovation and supporting the pathway to the future of industry. It’s an exciting time to see which brands evolve and which ones lag in this era of digital transformation.
Manufacturers should keep a close eye on the contours of tax reform as it works its way through Congress over the next few months. Should tax reform be enacted, its final shape will impact manufacturing investment for decades to come.
With regard to predictive maintenance, FICO has seen organisations identifying this as a strategic area of focus to help get better productivity & efficiencies. Companies are leveraging advanced analytic software capabilities to better analyse sensor data and report potential failures in real time.
Institute for Supply Management’s U.S. manufacturing index. If Bailey had to pick only one report to watch, it would be this survey of purchasing managers by the Institute for Supply Management.
Ask manufacturing leaders what they’re aiming to accomplish, and the conversation inevitably reaches a familiar topic: reducing costs. Unlike new tech companies that can start up for $500 in a garage, manufacturing requires enormous upfront investments. From materials to equipment to maintenance, manufacturers are always on defense against variables that eat into profit margins. And that is why the advent of wireless power is a game-changer for manufacturing.
Beyond what should be normal conversations and an insatiable curiosity within the value streams, some factories still have employee suggestion systems. These typically have a cash payout of some amount for good ideas that get implemented. If it works in your culture, great. My experience, however, has been that most of the suggestions that come to our attention this way do not warrant the assignment of resources—there’s simply no bang for the buck. There’s also a fair amount of administration required and lots of communication necessary (it can become a resource hog) to close the loop with each person for those ideas that won’t be pursued, and why.
Follow this three-step process to hold an employee accountable for a mistake without taking a punitive approach.
The state of the economy will often dictate how much growth certain industries are experiencing, which can influence their business decisions and modernization requirements. Consequently, Ultra takes a huge interest in world economic affairs, with special focus on the U.S. manufacturing and distribution industries. August’s state of the economy update includes facts and figures captured in July, as well as details about events that have major sway over the economy.