AlphaUSA, a Livonia-based private fastener supplier, called upon the experts of UHY Advisors’ Enterprise Optimization Practice for assistance with streamlining their production capabilities. Crain’s Detroit Business featured a story on how AlphaUSA installed the system which helped collect and analyze their data to improve product planning, streamline development and meet the industry’s aggressive launch schedules over the next three years.
UHY Advisors’ performance management and continuous improvement projects is the installation of the Optimal Performance Improvement System (OPMS™), which is a set of informational and behavioral routines, which enables client management to quickly recognize and execute effective corrective actions when actual conditions fall short of the objectives. Tom Alongi, Juergen Meyer and team helped AlphaUSA to utilize this system, thus helping to improve their production efficiency tremendously. OPMS™ also provides critical accountability and change management tools, enabling clients to recognize the key performance information and identify how to change behaviors based on this information. Users of OPMS include all levels, from operators to managers to executives. View the Crain's article here.
Faced with the challenge of gaining efficiency and capturing productivity opportunities as well as leveraging economies of scale, UHY provides real world expertise. A broadband communications and entertainment company reached out to UHY to support them to:
Our team performed a three-week assessment to provide a structural analysis of the process flow as well as capturing detailed information on activities and tasks. Our output of the assessment was a detailed approach to process improvement presented to the client’s management team.
The client reduced exception processing, increased on-time performance and reduced “touches” to process. The client experienced significant improvement in data-entry for setting up new suppliers as well as a reduction in AP resources.
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Wednesday, May 9, 2018 | Suburban Collection Showplace, Novi
According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in. The first is the Institute for Supply Management’s Purchasing Manager’s Index and the second is the Federal Reserve’s Capacity Utilization Index for motor vehicles and parts. A reading above 50 percent for the ISM index indicates that manufacturing is expanding in the US, and below 50 means that it is contracting.
At the end of 2017, the largest corporate tax cuts in United States history were passed thus reducing the top corporate rate from 35 to 20 percent. This will allow repatriation of billions of dollars from overseas and many corporations to pass along bonuses and pay raises to their employees, boosting wage growth with average hourly earnings rising to 2.9 percent in January from a year earlier. Combining wage growth with an unemployment rate of 4.1 percent created the best outlook heading into 2018 for employees in almost a decade.
A wave of hackers is anticipated in an industry dependent on sensitive data, intellectual property and trade secrets.
Maintaining a high level of cyber security is vital for the manufacturing industry. Generally defined as companies in the automotive, electronics, textile, and pharmaceutical space, these companies struggle to protect their anticipated wave of hackers as well as prevent or mitigate any damage, manufacturing companies must adopt a relevant framework, protect their data, educate employees and implement official cyber policies.
The Trump administration's trade policy made a bold statement with a spontaneous announcement to impose tariffs of 25 percent on steel and 10 percent on aluminum. The president excluded Canada and Mexico, for now.