Without a doubt, March 2020 was anything but ordinary, and many, especially small businesses, felt the financial impact. The incoming wave of fright and uncertainty surrounding the coronavirus pandemic urged society to immediately halt their services, close their doors, and remain in an indefinite lockdown. With each passing day, smaller businesses quickly began feeling the...

In today’s ERP systems you can capture, store, and trend an assortment of information such as production, quality, shipping, supply chain, financial activity and so on. Having access to more timely and accurate information, the assumption is that manufacturers use that captured data to take the necessary action to improve business practices. Data helps minimize...

The supply chain contract is the key factor when questions arise or when things unfortunately go wrong. The contract will set expectations, outline each parties’ obligation and when the obligation ends, and outline the process for dispute resolution. Getting the contract right is crucial. Detailed provisions of a supply chain contract will vary based on...

As lean thinking continues to evolve with things like Industry 4.0, improving your factory layout utilizing lean methodologies can greatly improve your factory efficiency. Many factory managers today experience the same headaches that were common years ago. Do any of these sound familiar? Long production and lead times Bottlenecks in production- at max capacity Too...

Overhead And How To Reduce Overhead Costs

Overhead, otherwise known as overhead costs, refers to the ongoing expenses associated with operating a business. Understanding your overhead costs and keeping them under control is essential to success as a business owner. Overhead Costs Overhead costs represent business expenses that are not directly related to making a product or performing a service. Expenses such...

Utilizing Kaizen To Overcome Manufacturing Uncertainty And Change

Manufacturing is constantly facing new challenges, we are seeing very strong global competition, Industry 4.0 is transforming the industry, and we have millennials entering the workforce. Risks are evolving as well, constant economic uncertainty, and cyber security attacks are becoming a real threat to the industry. To remain competitive, manufactures cannot afford to proceed with...

M&A Transactions: Is Confidentiality a Myth?

All M&A transactions require the business owner(s) to reveal information that is highly confidential and crucial to the success of the business. This action goes against the normal course of action for the business. Revealing this type of information to the wrong party can be detrimental to business operations moving forward, particularly in tight knot...

Second Chance for PPP Loans and EIDL Grants – Stimulus Assistance for Farmers and Ranchers

The $908 billion relief package signed into law on December 27, 2020 includes a very favorable update to the Paycheck Protection Program (PPP) for farmers and ranchers. The relief package also provides the Small Business Administration (SBA) with an additional $284 billion for PPP Loans, $20 billion for Economic Injury Disaster Loan (EIDL) grants, and...

Accelerate Revenue By Reducing Customer Churn

One of the most important KPI metrics that a startup business can measure is customer churn. Churn is a measurement of the percentage of accounts that cancel or choose not to renew their subscriptions in a given period, typically calculated for businesses with recurring monthly revenue streams such as a SaaS business. A high churn rate can negatively...

Break Down The Silo Between Sales and Operations

When working with clients on their organizational structure, we often see very separated departmental silos. It is a very common mistake, but a very correctable mistake. This post is going to focus on the most common departmental silos, sales and operations. It is common for these same clients to believe that it is the sales...

As the Covid-19 pandemic continues organizations have been forced to adopt or further expand work-from-home policies. Have you worried at all about your workers compensation insurance? Now would be a good time to review your workers compensation coverage and your processes. Fully understanding which injuries your workers compensation might cover, adapting your safety program, and...

What is a Change Management Plan? A change management plan is the outline that informs the use of tools and processes for managing the people side of change. The importance of change management stems from the fact that your employees (or end users) determine the success of your project. Some key aspects of an effective...

Evaluating Remote Employees What is the best way to evaluate remote employees? As the year-end approaches many companies are preparing for performance reviews. Due to the Covid-19 pandemic, workplace dynamics have been dramatically changed over the past few months. The word office has a whole new meaning now, from heavily reduced personal interaction and connection...