AlphaUSA, a Livonia-based private fastener supplier, called upon the experts of UHY Advisors’ Enterprise Optimization Practice for assistance with streamlining their production capabilities. Crain’s Detroit Business featured a story on how AlphaUSA installed the system which helped collect and analyze their data to improve product planning, streamline development and meet the industry’s aggressive launch schedules over the next three years.
UHY Advisors’ performance management and continuous improvement projects is the installation of the Optimal Performance Improvement System (OPMS™), which is a set of informational and behavioral routines, which enables client management to quickly recognize and execute effective corrective actions when actual conditions fall short of the objectives. Tom Alongi, Juergen Meyer and team helped AlphaUSA to utilize this system, thus helping to improve their production efficiency tremendously. OPMS™ also provides critical accountability and change management tools, enabling clients to recognize the key performance information and identify how to change behaviors based on this information. Users of OPMS include all levels, from operators to managers to executives. View the Crain's article here.
Faced with the challenge of gaining efficiency and capturing productivity opportunities as well as leveraging economies of scale, UHY provides real world expertise. A broadband communications and entertainment company reached out to UHY to support them to:
Our team performed a three-week assessment to provide a structural analysis of the process flow as well as capturing detailed information on activities and tasks. Our output of the assessment was a detailed approach to process improvement presented to the client’s management team.
The client reduced exception processing, increased on-time performance and reduced “touches” to process. The client experienced significant improvement in data-entry for setting up new suppliers as well as a reduction in AP resources.
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According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in.
The new 5G network is getting a lot of play in the press. The next generation of 5G networks will be 100 times faster than the current 4G networks. 5G networks do not have the latency issues of 4G networks and allow for a large amount of connections. The flexibility of this new technology has given many the hope that it can further support the Fourth Industrial Revolution.
Manufacturing has been through three industrial revolutions from the use of water and steam to electricity to automation. The next revolution involves connecting existing machines to one network. Appropriately, it has been dubbed the Fourth Industrial Revolution.
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According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in. The first is the Institute for Supply Management’s Purchasing Manager’s Index and the second is the Federal Reserve’s Capacity Utilization Index for motor vehicles and parts. A reading above 50 percent for the ISM index indicates that manufacturing is expanding in the US, and below 50 means that it is contracting. History shows that each time since 1983 that the index fell below 43 percent “speculative grade” automotive companies began to panic. Similarly any time the Fed’s utilization rate dropped below 72 percent during that period, it caused stress to automotive companies.