This is an original article written by Katie Rapp, Writer/Editor for the MEP National Network.
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” — William Arthur Ward.
Maintaining adequate cash flow is a major factor when operating a healthy business in times of growth and prosperity. During tough times it takes on an amplified role. The fundamentals of collecting on receivables, reducing expenses, reducing inventory investment, and the like are still in play, but these and different strategies need to be examined in difficult economic times.
Written by Andrea Belk Olsen, MSC and CEO of Pragmadik
It's not about you. Truly, no matter what business you are in, it's not about you.
Too many organizations unintentionally support internal cultures that focus on the company, not the customer.
For example, have you ever heard your team being negative about customers, saying that they "don't get it"? Or about a competitor, stating they are "less than" your organization? What both of these things have in common is that they aren't focused on understanding and serving the customer. If your customer "doesn't get it", that's on you. If your competition is "less than", is that your perspective or your customers?
Becoming certified in Quick Response Manufacturing (QRM) will significantly help your company in reducing costs and increasing market share.
The Quad Cities Chamber of Commerce has announced the official launch of the Quad Cities Manufacturing Innovation Hub. The Quad Cities Manufacturing Innovation Hub will advance the area economy by helping regional manufacturers grow, diversify, and stay competitive.
"There’s a revolution underway in the manufacturing industry, and the Quad Cities Manufacturing Innovation Hub is here to help small and medium firms sort through the new technologies available, determine the impact to their business, and decide how to implement the changes,” says Curt Burnett, Executive Director, Quad Cities Manufacturing Innovation Hub. "We are at a unique point in time with so many new product forms, materials, manufacturing processes, and the internet of things coming together on the shop floor. Over the next few years, the ability to deal with this change will produce winners and losers all over the globe. The Hub is working proactively to make this region a winner.”
Gretchen Clifton - Located in central Illinois, Gretchen has over 35 years of experience in manufacturing. She challenges her clients to enhance their knowledge and skills to continually improve their operations themselves. Gretchen provides management skills in auditing, quality, continual improvement, problem solving, coaching/training and manufacturing trouble shooting and she is experienced in implementing, auditing and certifying quality systems as well as mentoring project teams while finding problem resolutions.
Jesus Dominguez, Technical Specialist - Based in Chicago, he brings bilingual skills (English and Spanish) and United State Marine Corps discipline to work in a high performance team helping companies implement actions to improve productivity and competitiveness.
"RESHORING An Opportunity for Innovation and Economic Growth in Southern Illinois" report is linked for your review.