Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation.
With global competition at such a dynamic level that any day lost without operations improvement imperils the company’s economic position; the status quo simply leads to failure. In order to out pace this competitive environment, companies are implementing strategies to establish competitive advantage as a low cost producer or as a stand out through product differentiation. The…
ByEd Giles
“Green is the new black,” but businesses are finding it’s an easy way to put them in the red. What did you do to celebrate Earth Day? Admittedly, I neglected to do much about it myself – unless you count noticing the “Google Doodle” that morning… One of the biggest pushes in our culture recently is…
In December 1997, members of the United Nations Framework Convention on Climate Change (UNFCCC) negotiated the Kyoto Protocol that established emissions reductions for the developed and developing nations that ratified the Protocol. The Protocol went into force in February 2005 after Russia ratified it in November 2004. The U.S. did not ratify the Protocol because it set no emission limits for China or India. The Kyoto Protocol…
When does a company become too big to fail and by what standards? How can the casual passer-by – not to mention the learn’d industry or government analyst – tell when a company poses too great a risk?Can a government or global / regional economy become too big to fail?If so, then what? In the United…
One of the main problems with companies is that their sights are often set too low—using efficiency measures that don’t reflect their operation’s full potential. For example, a recent analysis of 27 manufacturers showed that on average the companies were operating at 71% of their maximum efficiency. However, a deeper analysis based on their assets’ “true…
We are living through testing times… Our governments are being tested as they try to enact programs to instill confidence in the economy and their constituents. Companies are being tested as they are forced to react to dramatic challenges in the marketplace that have seemingly materialized overnight and without warning. Individuals are being tested in…
