One of the most critical components of any successful business is its tools, which is unquestionably true for supply chain businesses. Damage to essential equipment can cause disruptions and requires preparation for the fastest possible fix. Prepare and Identify The supply chain industry requires...
Businesses in the US have always been concerned with the use of drugs and alcohol in the workplace. But now, with the social acceptability and legalization of marijuana use, most businesses, especially manufacturers, are faced with an increasing employee workplace challenge. Of all drug users, it is...
The workplace is changing and there’s no denying it, especially in the manufacturing industry. Whether it’s because of the technology (i.e. Artificial Intelligence, Robotics) and data available (i.e. Internet of Things), the changing demographics (i.e. baby boomer retirements) and expectations of...
As manufacturers, it is critical to stay ahead of the curve on all of the new and emerging technologies in order to keep your firm competitive. As new machines improve the efficiency and productivity of your workers and your firm, it is important that you are keeping accurate records of the value of...
Consider the following scenario: one of your customers asks your company to create a specific piece for them. This is an essential piece that will be incorporated in their final product which needs to be shipped out in a month to fulfill a large contract order. Your company creates the required...
Environmental and pollution concerns are no foreign subject to the manufacturing industry. The use of various chemical substances and materials throughout the manufacturing process can pose a risk to the surrounding environment, the global community and the health of the nearby population if these...
Product liability coverage provides financial protection for manufacturers in the event the product your company produces causes injury or damage to third parties. This type of coverage is tailored to the specific risks your company may be exposed to. Products can harm consumers in the way they are...
The lack of adequate business interruption insurance can lead to the demise of any business, especially those in the manufacturing and production industry. Obtaining business interruption coverage as part of your company’s property/casualty or comprehensive package policy is extremely important in...