By Lindsey Munson, editor, The American Mold Builder In a matter of weeks, 2023 will come to a close and companies will begin the important task of analyzing the prior months to then take those learnings and build a strategic plan for 2024. Ultimately, this will paint a clear direction for management and internal teams as they head into a new year. By taking early … [Read more...] about Strategic Planning for 2024: Contracts, Labor Market and Tax Impacts
Business Planning
How to Get the Most Out of Exhibiting at NPE2024
By Greg Hannoosh and Mark Malloy, Next Step Communications, Inc. After a six-year absence, North America’s biggest plastics event is back, and NPE is coming to Orlando, Florida, from May 6-10, 2024. If you are one of the more than 2,000 companies exhibiting at the show, the booth space has already been chosen. Now what? How will your company be presented at NPE? And, how … [Read more...] about How to Get the Most Out of Exhibiting at NPE2024
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
Q&A: Automated Job Management and Workload Prioritization
Interview by Liz Stevens, writer, The American Mold Builder Controlling the production flow of a tool build throughout a mold shop requires careful scheduling of job tasks, available equipment and labor resources. On a busy shop floor, that schedule easily can be thrown off as higher-priority orders come through, equipment or material delays occur and employee absenteeism … [Read more...] about Q&A: Automated Job Management and Workload Prioritization