Innovate Your Way to Growth While Minimizing Risks
Wisconsin Manufacturing Extension Partnership Blog
by Benny Syverson
1y ago
April 14, 2022 By: Brandon Cornuke Credit: iStock/Urupong Manufacturers work hard to minimize disruptions to their operations and invest significant resources to minimize production risk. They also are under constant pressure to find new ways to deliver more value to their customers. Sustainable business growth is critical to delivering this value. Many achieve that sustainability through experimentation. But innovation and experimentation involve risk, which could lead to wasted resources, not meeting expectations, or a lack of return on investment. Sometimes precious resources will b ..read more
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Four Factors for Fueling Transformational Growth
Wisconsin Manufacturing Extension Partnership Blog
by Marie Mansheim
1y ago
By Marie Mansheim, Senior Consultant—Growth & Strategy Practice Leader Business planning. Magnifiers on yellow background. Consider this: Manufacturers that came through the 2008 recession the strongest are those that made aggressive moves during the 2010 recovery and were rewarded from 2011 to 2013 with sustained revenue growth, higher EBITDA margins, and significantly increased ROIC. A similar opportunity is at hand. At first glance, leaders may be tempted to maintain the status quo as we emerge from the pandemic. But growth—and specifically, transformational growth—is a requisite to p ..read more
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7 Tips for Establishing Metrics to Keep You Competitive
Wisconsin Manufacturing Extension Partnership Blog
by Marie Mansheim
1y ago
By Marie Mansheim, Senior Consultant—Growth & Strategy Practice Leader Key Performance Indicator From metrics that measure the health of your business, to key performance indicators (KPIs) that identify progress toward your business goals, tracking performance is essential in the highly competitive manufacturing industry. Manufacturers that want to stay ahead of the curve, attract top talent, and remain competitive must systematically use metrics to glean a 360-degree analysis of how their business has performed and is anticipated to perform, all with a mindfulness toward continuous impr ..read more
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Industry’s Talent Pipeline and Solutions Partner
Wisconsin Manufacturing Extension Partnership Blog
by Guest Blog
1y ago
Eric Lien By Eric Lien, MSOE Technical Sales Program Coordinator  MSOE’s Rader School of Business has offered business and management degrees for more than 60 years. Our unique blend of business and technical courses — plus real-world experience gained through internships and innovative laboratories — will give you a competitive edge in today’s dynamic business environment. Our programs emphasize the understanding and application of current technology and the business practices essential for success in the 21st century.  Technical sales talent is in high demand and short supply. Pr ..read more
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Want to Fill Your Job Openings? Hire Those With “Unique Abilities”
Wisconsin Manufacturing Extension Partnership Blog
by Benny Syverson
1y ago
Credit: iStock/7postman “> The original blog can be found here. February 28, 2022 By: Matt Fieldman This blog is part of a monthly series brought to you by the America Works initiative. As a part of the MEP National Network’s goal of supporting the growth of small and medium-sized manufacturing companies, this series focuses on innovative approaches and uncovering the latest trends in manufacturing workforce development. What if I told you that there is an untapped pipeline of hundreds of thousands of workers available to fill your positions? What if I told you that this populati ..read more
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7 Tips for Establishing Metrics to Keep You Competitive
Wisconsin Manufacturing Extension Partnership Blog
by John Stampen, Director of Marketing, WMEP
1y ago
By Marie Mansheim, Senior Consultant—Growth & Strategy Practice Leader | 2/01/21 | Key Performance Indicator, Credit:matdesign24 From metrics that measure the health of your business, to key performance indicators (KPIs) that identify progress toward your business goals, tracking performance is essential in the highly competitive manufacturing industry. Manufacturers that want to stay ahead of the curve, attract top talent, and remain competitive must systematically use metrics to glean a 360-degree analysis of how their business has performed and is anticipated to perform, all with a mi ..read more
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The Six Words That Will Massively Improve Your Employee Recruitment in 2022
Wisconsin Manufacturing Extension Partnership Blog
by Guest Blog
1y ago
January 28, 2022 By: Matt Fieldman Originally published here. Credit: iStock This blog is part of a monthly series brought to you by the America Works initiative. As a part of the MEP National Network’s goal of supporting the growth of small and medium-sized manufacturing companies, this series focuses on innovative approaches and uncovering the latest trends in manufacturing workforce development. Up and down busy streets nationwide, the same six-word banners stand outside in front of hundreds of businesses. Affixed to poles on front lawns or hanging above entrance doors, these inesc ..read more
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Simulation is a Window Into the Future of Your Manufacturing Operation
Wisconsin Manufacturing Extension Partnership Blog
by Guest Blog
1y ago
Credit: iStock/gorodenkoff The National Academy of Engineering and the National Research Council have identified enterprise modeling and simulation as a technological breakthrough that will have a profound impact on manufacturing performance. Perhaps you are among the many small and medium-sized manufacturers (SMMs) who are aware that simulation provides a low cost, secure and fast analysis tool for product design and verification. But you may not be aware of the powerful impact it will have on the manufacturing of a product and even greater prospective impact across your business. In fact ..read more
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How to Translate Lean Principles Into Your Office Functions
Wisconsin Manufacturing Extension Partnership Blog
by Benny Syverson
2y ago
“> By: Keith Groves Credit: iStock/PeopleImages The lean manufacturing movement came out of a desire to reduce waste and inefficiencies and improve productivity in the operation. Many manufacturers have also benefited from the resulting continuous improvement mindset as engaged employees became empowered to change things for the better. Just as you assign a value to the benefit of things in the operation, you can do the same in the front office. Lean principles also apply to traditional scheduling functions, finance, even sales and marketing. Bringing lean principles to your manufac ..read more
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5 Reasons to Pursue a Purpose-Driven Strategy
Wisconsin Manufacturing Extension Partnership Blog
by Marie Mansheim
2y ago
As Simon Sinek recently acknowledged, “People don’t buy what you do; they buy WHY you do it.” That understanding and the competitive leverage it can bring is the foundation of a purpose-driven strategy. To be sure, having a purpose can generate a feel-good effect and provide guiding principles for employees. But upon further investigation, having a purpose-driven strategy can deeply impact employee morale, productivity, longevity, and engagement, as well as your company’s ability to continue an upward trajectory in profitability and growth. Here are a few reasons manufacturers should consider ..read more
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