AI Revolutionizes Manufacturing By: Daniel Kaminski Artificial intelligence (AI) has been making waves in manufacturing for some time, but its adoption has surged dramatically in recent years. In 2023, investments in AI within the manufacturing sector […]
Considering Automation in Your Manufacturing Plant By: Daniel Kaminski If your manufacturing plant has invested in automated equipment, such as robots, you’re not alone. According to the International Federation of Robotics, U.S.-based manufacturers invested in 44,303 robotic units in […]
Look Beyond Revenue to Maintain Long-Term Growth for Your Manufacturing Company By: Cheryl Lanese Successful manufacturers know that the key to sustainable growth is increasing profits, not just revenue. Let’s take a closer look at some ways you can boost your bottom line. Reduce […]
Can Your Manufacturing Company Benefit From a Cost Segregation Study? By: Cheryl Lanese When manufacturers buy, build, or improve their facilities, they make a significant investment. However, these expenses are often not immediately tax deductible. Fortunately, there may be another way to expedite […]
Ohio House Bill 435 Proposes Creation of Manufacturing Technologies Assistance Program (MTAP) By: Cheryl Lanese In a bid to bolster Ohio’s manufacturing sector, Ohio House Bill 435 is proposing to establish the Ohio Manufacturing Technologies Assistance Program (MTAP), a $12 million grant program that would […]
8 Strategies for Boosting Your Manufacturing Production Capacity By: Cheryl Lanese Are your manufacturing company’s sales booming in recent years, causing you to operate at full capacity? One solution is to broaden your operational footprint. However, this entails significant capital outlays, […]
10 Ways Cloud Computing Can Benefit Manufacturers By: Daniel Kaminski Over the past decade, cloud computing has become an integral aspect of today’s manufacturing landscape. In fact, the adoption of this technology has boosted manufacturing production efficiency. Simply put, cloud computing uses a […]
Can Your Manufacturing Company Benefit From the Work Opportunity Tax Credit? By: Cheryl Lanese The search for skilled workers in the manufacturing industry continues. According to the US Bureau of Labor Statistics, over 600,000 manufacturing-related jobs were available in December 2023. The Manufacturing Institute, an […]
Segmented Income Statements Can Help Enhance Manufacturers’ Profitability By: Daniel Kaminski Most manufacturers publish company-wide income statements. But have you explored delving further into your data using a segmented income statement? If properly developed, a segmented version of this report could […]
Labor Shortages: How Manufacturers Can Attract and Retain Qualified Workers By: Daniel Kaminski The CFO Survey, a collaboration between Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, monitors CFO optimism and key concerns. According to the […]
Manufacturers: Pay Attention to These 6 Tax-Related Items in 2024 By: Cheryl Lanese What are the tax implications for manufacturers as 2024 begins? While some sections of the Tax Cuts and Jobs Act (TCJA) begin to expire, other tax laws, such as the […]
Reining in Waste Can Positively Affect Manufacturers’ Profitability By: Daniel Kaminski The most profitable manufacturers make as many products with as few resources as possible. So strategic cost savings is important. One way for manufacturers to save is to rein in […]