Inventory is money. How well do you track your inventory “money”? Do you know where all of it is every day or are there piles of “money” just sitting in unknown locations? When dealing with dollars, we want to know where it is, how much we have, and be confident the amount is accurate. Remember, inventory is money. If you do not know where your inventory is, or how much you have with certainty, you are losing money. 

Illinois small and mid-sized manufacturers will stay globally competitive by investing in modern technology and skillsets. Today’s workforce challenges make the case for technologies like automation almost a necessity. For example: Robots and “Cobots,” or Collaborative Robots, support (but not replace) workers while boosting productivity and efficiency. Data technologies, like artificial Intelligence (AI), can analyze data to make business recommendations. Virtual Reality (VR) is becoming a useful tool to train employees. But while major corporations have been quickly investing in this advanced machinery, smaller manufacturers have moved slower. We will look at why that is, and what can be done to change that.