By Dianna Brodine, vice president, editorial, The American Mold Builder Every mold building company operates with a set of metrics guiding its decision-making process. Is it time to hire? Purchase new equipment? Find a new market or customer set? … Close the doors? Whether simple to calculate or incredibly complex, metrics often are the determining factor … but what if … [Read more...] about Simple Metrics to Drive Efficiency and Profitability
Articles
Quick Hits: Improve Throughput, Drive Sales and Manage Cash
By Dianna Brodine, vice president, editorial, The American Mold Builder What are fellow mold builders doing right now that can be implemented in other mold shops? Take a look through these information bursts for ideas on process efficiency, new business and the bottom line. Improving throughput According to Laurie Harbour, president of Harbour Results, Inc., the edict from … [Read more...] about Quick Hits: Improve Throughput, Drive Sales and Manage Cash
Operating System Upgrade and Its Impacts
By Lindsey Munson, editor, The American Mold Builder Gaining traction in the mold industry is the implementation of the Entrepreneurial Operating System (EOS), a system that integrates a set of simple, effective tools and a proven process to produce powerful business results. At the 2023 AMBA Conference, one of the breakout sessions offered to mold manufacturers was … [Read more...] about Operating System Upgrade and Its Impacts
The Big 3 of Tax Increases
By Omar S. Nashashibi, co-founder, The Franklin Partnership, LLC These days, when there is reference to the Big 3 on Capitol Hill, it’s not about the Detroit OEMs. Instead, it’s about lobbying on the Big 3 tax provisions that are having an overwhelming impact on AMBA members: reinstating R&D expensing while eliminating capitalization and amortization requirements, … [Read more...] about The Big 3 of Tax Increases
A Strategic Outlook: Elevating the AMBA’s Emerging Leadership
By Rachael Pfenninger, director of strategic execution, AMBA As the average age of moldmaking professionals continues to rise, succession planning is becoming an increasingly important consideration for every business owner. These concerns – combined with the shrinking access to skilled labor – have led to significant efforts in cultivating and encouraging emerging … [Read more...] about A Strategic Outlook: Elevating the AMBA’s Emerging Leadership
It’s Not About Price! Strategies to Compete in the Global Marketplace
By Rachael Pfenninger, director of strategic execution, AMBA According to AMBA’s most recent Business Forecast Survey, the US mold manufacturing industry is facing its most varied landscape of challenges to date. Rising material costs and thin margins – combined with skyrocketing inflation – have forced domestic mold manufacturers to find new and creative ways to continually … [Read more...] about It’s Not About Price! Strategies to Compete in the Global Marketplace