Blogs

Manufacturing technology is quickly elevating through notable advancements in artificial intelligence (AI) and Internet of Things (IoT) devices and services. For manufacturers, the coming year may be indelibly marked by the futuristic changes these advanced technologies bring. Yet the question for manufacturing leaders is more practical: Is investing in new technologies worth it? One recent survey calls the potential value extracted from new manufacturing technology into question: 88% of companies that integrated new technology say that achieving measurable value from their investment is...

As we ring in the new year together, we want you to know that our team continues to prioritize your financial security. It is our goal to ensure you are well-prepared to tackle evolving fraud threats. Read on to learn more about emerging fraud schemes that scammers will use in 2024. Artificial Intelligence + Social Engineering = Imposter Scams In 2023, imposter scams experienced rapid growth as a prevalent form of fraud, and we expect this trend to continue in 2024. The prevalence of artificial intelligence (AI) makes it difficult to discern truth from deception in our emails, text messages...

Going green has the potential to be a wise business decision for the manufacturing industry. In fact, it seems many manufacturers are making the jump to more sustainable processes and business operations. Traditional manufacturing processes are based on a linear model of consumption—that is, finite energy resources are consumed during the production process and many products are often discarded. But as concern grows regarding these finite resources and as costs go up, pivoting to green manufacturing is one way businesses can preserve these resources and keep costs down. Resources aside, we’ve...

The fragility of global supply chains was glaringly apparent after the COVID-19 pandemic ground everything to a halt. Inadequate supply chain capacity planning caused sweeping shortages of essential goods for consumers and manufacturers alike—some of which may still stand today. Just-in-time manufacturing may help facilities operate at maximum efficiency by eliminating high inventory costs. Yet the system builds in practically no fail-safe to rapidly respond to anomalies. Without predictive technology guiding production, or any stock to fall back on, there’s no room to adapt to unforeseen or...

Financial reporting is a must-do preparation for the upcoming year. Here’s how to ensure you complete it once your fiscal year ends and help you do the business moves you want. Now is a natural time to plan your strategic goals for the coming annual cycle. But to create a targeted growth plan, you need detailed insight into your current financial position. Without internal examination, it’s hard to pinpoint the minute metrics that may help you meet your future projections. To put it simply, preparing your financial reporting isn’t a task to take lightly. Have you ever tried to craft a...