Internal auditing is performed for a variety of reasons. Some of the benefits of internal auditing include to catch issues before they become issues, to prevent customers from receiving nonconforming material and to ensure that the business practices are being followed.
Seeing China’s manufacturing sector shrink is a trend that excites Americans, but it may not actually alleviate much of the pressure around a U.S. unemployment rate of 7.3 percent. The reality is that the phenomenon is more one of nearshoring than reshoring, as many of these businesses — along with their jobs — head to Mexico.
In recent weeks I’ve run into multiple posts, articles and discussions concerning findings that employee morale does not equate to productivity. I’ve read a few of the discussions and a couple of the articles, and the subject proves to be an excellent example for discussion about how easily we can mislead ourselves with data.
As the demand for fresher and healthier foods grows, the shelf life of many products is decreasing. The result is a challenging quality dilemma for manufacturers. As companies are reformulating their products to make them fresher, they must also evaluate how they are delivering their products to maintain the quality.
Many “lean” concepts have been at the heart of operations management for years now. But more and more companies are starting to ask themselves a simple question: Just how lean do we really want to be? In answering that question, many are starting to rethink the way they manage their processes and supply chains.
The idea of munching on horse meat triggers the gag reflex of most Americans and Europeans, a reaction rooted in tradition. The taboo surrounding horses as food in the West is deeply rooted in history and the close humans-equine relationship, though lack of an alternative forced tastes to change at times.
The rising cost of energy has forced many manufacturers to focus their sights on innovative ways to optimize energy consumption and improve operational efficiency in their manufacturing, product lines, distribution and administrative operations.
Although many global manufacturers may have a limited view of contract manufacturing, seeing it as a safety valve to handle the pressures of excess demand, manufacturing leaders identified in an Accenture study are outperforming their peers and making contract manufacturing a core part of their long-term strategy.
Food safety. Quality standards. Yield management. Waste control. Cost containment. The list goes on. With so many competing requirements, manufacturers' need for more timely and accurate process data is accelerating both the interest and demand for Manufacturing Information Systems — or MIS solutions.
A wide variety of practices and methodologies enables us to pursue optimization with greater sophistication than designing to arbitrary safety factors or setting controls well within limits. Choose the right and best way for your organization to establish appropriate safety factors and stay within performance limits.
There is a truly important and powerful side affect of the process mapping effort. It rapidly identifies elements of the market and people’s behavior within the market that you don’t understand. By the time your process map is done, you will know more about your market than you imagined there was to know.
Manufacturers of sweets and snacks face a unique challenge. Their products have to stand out from the crowd without extravagant packages that drive up costs. Packaging and machinery manufacturers can help with material-saving packaging solutions and more efficient production lines.
Every January, companies make predictions about the year ahead and what trends they should expect. Bobby Bono, the U.S. industrial manufacturing leader at PwC, has assembled a list of trends he is predicting for the manufacturing sector moving forward.
Huge gains in yield have been achieved through Lean Manufacturing, Six Sigma and Kaizen — so much that it may seem no more can be done, particularly in the waste-intensive, fast-paced food and beverage industry. However, it is possible to produce an 18 to 25 percent improvement in yield on a repeatable basis.
The “Manufacturing Jobs for America” initiative aims to “train Washington’s focus on manufacturing jobs.” The initiative wants to bring new legislation to Congress and the President that will help American manufacturers grow and hire new employees, while also assisting in training a workforce capable of working those jobs.
The production of whisky requires maturation in wooden casks for the full development of the finished product’s character. Subtle differences in the casks’ conditioning can produce quite different flavors and aromas that require skillful blending to achieve a consistent product.
Manufacturers don’t have to remain hostage to the price and availability fluctuations of the energy markets. They can take control, producing their own power and meeting their thermal needs with Independent Energy Districts.
Resource optimization software can not only help companies adapt more efficiently to resource constraints, but it can also minimize idle time, anticipate parts shortages, free up labor and equipment to be shifted among tasks, and otherwise get the most out of your labor and capital.
One of the key strategies to bringing innovation to the convenience-store channel is leveraging external partnerships through open innovation. Since formally adopting its open innovation strategy in 2007, General Mills has connected with numerous outside partner companies to help introduce some of the company’s most successful new products.
While most manufacturers have comprehensive equipment maintenance and service programs in place to minimize downtime, most manufacturers pay much less attention to a problem that, according to Electric Power and Light Magazine, causes 30 to 40 percent of business downtime: power quality fluctuations.