Makingchips | Equipping Manufacturing Leaders

  • Autor: Vários
  • Narrador: Vários
  • Editor: Podcast
  • Duración: 305:09:55
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Sinopsis

MakingChips is a weekly podcast that will equip leaders in the metalworking manufacturing industry with valuable content to utilize in their career and business.

Episodios

  • MC009: Credit, Payment Terms, Collections & Borrowing

    09/02/2015 Duración: 27min

    What is the right method for getting paid for your work? This is a subject that both Jim and I were reluctant to talk about; however, our goal is to bring the Metalworking Nation together as a community to talk about topics that people are afraid to bring up. What are your typical terms? Do you offer payment via credit card? Should you require a credit card for initial orders? Do you have a defined credit terms policy? If you are agreeing to an OEM contract that stipulates 90-120 day terms, are you considering the financing rate and including that in the price that you charge for the product or service? “Somebody has to pay it!” What is our approach to collecting? When do “put on the heat”? Do you use collection agencies? In our Manufacturing News segment, we discuss Workshops for Warriors, a non-profit that transitions veterans into civilian jobs with a focus on manufacturing training. In our Metalworking Tools segment, we discuss Z-Cut, a line of USA Made standard and highperformance end mills, drills and t

  • MC008: Grow or Die?!?!

    02/02/2015 Duración: 22min

    Years ago, most businesses did not have a vision or a mission for their companies. It was simply a matter of “blocking and tackling” your team through wins as the company grew (you buy more machines as the customers come). Now, most businesses are caught up in the Wall Street mindset that if you are not growing, you are dying. Should every manufacturing company have this mindset or can we do better? Do you have at least a loose vision or mission for your company? Where do you see the company in 5 years or in 10 years? How do you define staying where you are? - # of machines, sales, profit, employees, customers? for JZ, a couple metrics: sales, profit, # of vending integration systems that we are serving, customer retention Do prospective customers look at your business in terms of size and gage whether they want to do business with you? The wrong ways to grow 1. Using supplier credit to grow and not having a financing plan for growth • Instead: Have a financing plan for growth, talk to your bank, and learn ab

  • MC0007: It’s Not Your Dad’s Machine Shop

    26/01/2015 Duración: 20min

    The image is that manufacturing is a dirty, physical, turning-cranks, labor intensive job, but the facts is that the machining industry is one of the most technological forward and innovative industries. In this seventh episode, Jim and I discuss how the industry has changed along with machine and software technology. Jim tells an interesting stories about when his dad ran the shop and one of his machinist screwed up a part, which you can’t do nowadays and I throw out how old I was when Jim started in the industry. More high schools are teaching manufacturing skills. In our Manufacturing News segment, we discuss how Wheeling High School (Wheeling, IL) has been turning out hire-ready manufacturing students for the last six years. Part of Germany’s education model is that a 15 year old will enter into an internship whereby manufacturing is one of the top choices. In our Metalworking Tools segment, we discuss the advantages of thread milling: control the size, breakage, tool life.

  • MC006: ISO International Standards

    19/01/2015 Duración: 19min

    Are international standards important for your company or your partners? In this sixth episode, Jim and I discuss standards and the impact of ISO on his company. We discuss the specific standards of ISO 9001 (Quality Management), ISO 14001 (Environmental Management) & OHSAS 18001 (Health & Safety). Fun Facts: ISO, the International Organization of Standards, has 3 official languages (English, French & Russian). ISO is derived from the Greek isos, meaning equal. The International Organization for Standards is headquartered in Geneva, Switzerland and is associated with the United Nations. Should you hire an outside consultant to outline a plan and help you along the process? What can ISO do for your business culture? Every company is going to be different, but Jim discusses his annual cost of ISO renewal and the amount of time that his staff spends on ISO per week. How does the ISO champion interact with other employees? In our Manufacturing News segment, we discuss the Multi Jet Fusion Printer, a 3

  • MC005: Presidency by Death in the Family with Stacey Bales

    12/01/2015 Duración: 20min

    Is there a plan in place at your company if a top employee, such as the president or owner dies? Episode five is the first in a new interview format on MakingChips. In this fifth episode, we talk to Stacey Bales about her story of taking over as President of Bales Mold Service (recently rebranded as Bales Metal Surface Solutions). The first reaction from the bank is “How are we going to liquidate?” Who takes over when multiple family members are involved and no succession plan has been setup? Major issues arise, such as trust among family members - when there is no succession plan, family members will fight out their new roles instead of moving into the proper roles right away. The family needs to establish that they are all on the same team and not out for themselves. “Be very transparent with the person that you believe is coming up.” The owner of every manufacturing company should be transparent about how they want to handle the succession of their company and have a vision about where they want the compan

  • MC004: 11 Points To Consider DURING The Dreaded Recession

    17/12/2014 Duración: 21min

    Do you go to the bar or do you take action?  Jason and Jim will step you through 11 points to consider WHEN the recession hits the Metalworking Nation.  Yes, this subject is a bummer, but MakingChips is going to Equip Manufacturing Leaders no matter the subject. Women in manufacturing Yoda says “No!  Try not.  Do or Do Not.  There is no try” 1.      Pay attention to your cash flow – like a hawk – know the numbers. 2.      Talk to your staff and be honest about what is going on. 3.      Be honest with your partners. 4.      Know your core competency and stick to your business model. 5.      Minimize purchasing and reduce expenses – can you insource any of your services? 6.      Lower your overhead. 7.      Minimize your labor costs (OT) – make strategic decisions sooner rather than later. 8.      Realize your capacity level. 9.      Negotiate with banks. 10.   Negotiate with your landlord.   11.   Capitalize on opportunities.

  • MC003: 7 Points To Consider BEFORE The Dreaded Recession

    17/12/2014 Duración: 19min

    This episode is about tactics for manufacturing companies WHEN the recession hits.  That’s right, I said WHEN, not IF.  If there is one thing that nobody understands, it’s our economy.  There is little evidence of a recession proof economy, so we need to spend some time discussing how to better prepare. Are you ready for a recession? 1.      Do you have a diversified customer base? 2.      Maintain proper overhead (building ego). 3.      Review your debt – did those decisions result in a return? 4.      Strategic purchase of capital equipment a.      Measure your ROI b.      Invest in technology to stay productive and ahead of the competition c.      Don’t spend money just for a write off…have a strategic reason d.      Should you pay cash or get a loan? 5.      Does your company provide a critical part or service that is recession proof? 6.      Is your customer base recession proof or vulnerable?   7.      Is your product or process difficult to replicate or will your customers be looking to lowe

  • MC002: IMTS Hangover

    17/12/2014 Duración: 25min

    IMTS started as The First National Machine Tool Builders Exposition in Cleveland in 1927. Post WWII, the show moved to Chicago in 1955. What is the IMTS hangover? What did you learn at IMTS that you can take back to your business?   What is the best way to prepare for a show, such as IMTS?

  • MC001: Social Media in Manufacturing

    17/12/2014 Duración: 25min

    Do social media platforms, such as Facebook, LinkedIn, Twitter and others matter to the manufacturing industry?  We will discuss WHY you should be on social media, WHAT platforms to consider, and HOW to get started. SEO Brand Awareness Thought Leadership Influencing a New Generation Social Media Platforms How often? What is the process? What should you do first? Social Media PPC   Jim’s eBook “Social Media in Manufacturing”

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