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 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.
A large majority of manufacturers in the United States are considered small, whether a lower middle-market firm or a true small business. In 2015, there were 251,774 firms in the manufacturing sector, with roughly 74% of the firms having 20 or less employees and 98.5% of the firms having less than 500 employees.
On June 21, 2018, in a five to four majority decision deciding the case of South Dakota v. Wayfair, the US Supreme Court overturned 50 years of precedent. Businesses now face a new landscape for sales and use tax with the decision significantly expanding the authority states have to impose transaction taxes upon out of state companies of all types.
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.
What comes to mind when you think of companies like Apple, Patagonia, and Ferrari? Success. Vision. Passion. Purpose. Most likely, it’s a combination of all these answers. These companies have a reputation for not only being highly successful, they are also known for their strategic forward-looking vision, passion for what they do, and clear purpose. These companies transcend manufacturing; they have nurtured cultures that focus both on business and the additional impact they can have on the world. How do they accomplish this, and what does this have to do with manufacturing?