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.
As part of its “Don’t Take the Bait” campaign, the IRS has issued a news release warning tax professionals of ransomware attacks.
If you search the internet for the phrase, “smartest person in the room,” you quickly will see this anonymous quote:
“If you are the smartest person in the room, then you are in the wrong room.”
Good advice. But it diminishes the fact that SOMEBODY has to be the smartest person in the room. Here is why that somebody should be the one who is responsible for managing your company’s inventory and purchasing.
Many of our readers likely have faced this question in their own businesses so I hope some of you will share your experiences of how you answered this question. In the meantime, here’s my take on it.
Inspections should be about more than just finding and identifying problems; they should empower property owners and managers to better care for their properties and demonstrate proof of their own sound management. Just as routine, well-documented inspections can increase overall safety, they can also stave off accusations of liability when accidents do happen.
Workplace injuries affect approximately 3.7 million workers per year, at a cost to employers of over $170 billion annually. Upon review, many employers will find that the costs associated with workplace injuries have gone up yet again.
While the auto industry has rebounded, the state’s economy also has diversified. The U.S. auto industry sold more cars and trucks in 2015 than during any prior year – General Motors leading with 3.1 million vehicles, Ford 2.6 million, Fiat Chrysler 2.2 million. (GM still ranks third behind Toyota (second) and Volkswagen (first) among the world’s largest automakers.
All told, data suggest the manufacturing industry has broadly turned a corner and jobs in the sector are in high demand. But with political uncertainties on the horizon – such as a potential renegotiation of the North American Free Trade Agreement – America’s goods-producers may not be out of the woods just yet.