Where is the United States with reshoring initiatives? Do we still have huge vulnerabilities in our supply chain(s) that need to be addressed? If we continue to reshore manufacturing, will companies remain competitive?
Reshoring impacts supply chains. Reshoring brings more jobs and opportunities to the US. These are all valid questions that are playing in people’s minds.
So in this special episode of MakingChips, Rosemary Coates—the Founder and Executive Director of the Reshoring Institute—will answer some of these burning questions. Because, ultimately, if we’re not manufacturing chips in the US, the US isn’t making money.
– Nick
Can small shops begin to automate their processes? Where do they start with automation? In this episode of MakingChips, the CNC Samurai, Steve Courchane, returns to share his passion for automation. He lays out his 3M process and how it changes the way you view automation. Because if you’re not modeling, making, or measuring—you’re not MakingChips. And if you’re not MakingChips, you’re not making money. BAM!
– Jason Zenger
Whether you’re a small business or a growing enterprise, you need to seek out new customers and build relationships with them while pushing them through your sales pipeline. The reality is that you have to make more sales to grow your business.
You need a way to track and measure your progress with potential customers (and current key accounts). In this episode of MakingChips, Jason returns to help us get back to the basics of business. Because if you’re not managing the sales pipeline, you’re not MakingChips, and if you’re not MakingChips, you’re not making money. BAM!
You need to know the “numbers” in your business. Every business owner needs to know that they’re making enough to pay their employees, make and deliver their products, and grow the business. That’s just good business.
Non-financial metrics are important, too. A successful business has to focus on quality, safety, customer service, on-time delivery, retention, and even culture. Because if your culture is dialed in, the numbers will prove it.
We take a deep look at the different numbers that are important for a manufacturing business to know in this part 2 episode of MakingSparks with Mike Payne.
Also, listen to the end for a BIG announcement.
– Matthew Nix
Mike Payne has spent the last 20+ years deeply entrenched in the M&A process with dozens of companies throughout Oklahoma. Early in his career, he realized he loved the world of manufacturing. He also learned that he enjoyed operating a business. He was just waiting for the right opportunity to unfold.
Then it happened: Six years ago, Mike was able to purchase Hill Manufacturing. In this episode of MakingSparks, we chat with Mike about his work in the M&A space, why he made acquisitions close to home, and what led to his passion for manufacturing.
– Matthew Nix