Tag Archive: Manufacturing Month

Celebrating Manufacturing Day & Its Impact

October 30th, 2019

In our Manufacturing month Profit through People newsletter, we discussed the relevance of manufacturing on the economy, jobs and quality of life. For example, for every $1 spent in manufacturing, $1.82 is added to the economy which is the HIGHEST multiplier effect of any economic sector. Read our feature article to gain many other compelling statistics.

October is Manufacturing Month.  Specifically ,Oct 4th is Manufacturing Day. And, we are ready to celebrate our significant success. After all, for an industry the general public thought was dead and outsourced to China, it is far from dead. In fact, manufacturing in the U.S. would be the 8th largest economy in the world!

There are many manufacturing events occurring during October. Take a look at a few of the options and consider how you can participate:

What Should We Consider and/or What Impacts Could Arise?
What is the impact of Manufacturing Month?

We could make the difference in not only our economy and quality of life but also on future leaders!
How can you participate in Manufacturing Day? Read through any one of the opportunities listed above. Or, why not start an event of your own? APICS Inland Empire teamed up with the University of LaVerne to offer production and inventory management education to high school students recently. These small steps can transform lives!

We are interested in what you decide to do. Send us feedback, pictures and ideas for continuing to spread the word on manufacturing. Manufacturing is a critical aspect in creating a resilient supply chain and so we thought we’d share a myriad of articles about manufacturing and supply chain to increase your success on our blog.

 

 



Manufacturing Month & Interview with an Innovation Award Winner

October 25th, 2019

October is manufacturing month. We would be remiss if we didn’t highlight the power of manufacturing on our jobs, economy and quality of life.

Manufacturing is powerful in its influence and often overlooked.

Here are a few statistics from the National Association of Manufacturers to put the power of manufacturing in the proper light:

  1. Manufacturers contributed $2.8 trillion to the U.S. economy
  2. For every $1 spent in manufacturing, another $1.82 is added.
  3. The majority of manufacturing firms are quite small yet there are 12.82 million manufacturing workers in the U.S.
  4. Manufacturing workers earn almost $85k annually
  5. 92% of manufacturing employees are eligible for health insurance
  6. Over the the next decade, 4.6 million manufacturing jobs will be needed.
  7. Over the past 28 years, U.S. manufactured good exports have quadrupled
  8. Manufacturing in the U.S. would be the 8th largest economy in the world.
  9. Manufacturers perform 64% of all private-sector R&D
  10. Foreign direct investment in U.S. manufacturing exceeded $1.6 trillion.

We are excited about the future of manufacturing in the U.S. and in the Inland Southern California area. In fact, according to a Brookings study, it is one of the top two recommendations to create a consortium for advanced manufacturing excellence. We are working with the Inland Empire Economic Partnership, more than 10 local universities and community colleges, and partner organizations and exporters to bring this to a reality! We are currently seeking CEO and manufacturing executive involvement from an advisory capacity. If you are interested, please contact us.

To illustrate one success in manufacturing, we thought we’d highlight my interview with Ingram Micro after they won the Manufacturing Council of the Inland Empire‘s Innovation Award in Process & Resource Efficiency. As Innovation Awards Chair, it was an exciting day to see such innovation and success in the Inland Empire! In this interview, I had a great conversation with Ismael Reyes Jr, Lean Leader II and process expert, as well as Cindy Baughman, Senior Process Manager and finance guru at the Manufacturing Summit to explore further what they achieved with 33 lean projects, a $1 million dollars of savings and more. Watch the video.

In alignment with what we see with our clients, the 80/20 of success boils down to people and leadership combined with the appropriate process improvements to drive dramatic improvement to performance to customers and the bottom line. If you are interested in discussing a rapid assessment of what can be achieved in your organization, please contact us.

Did you like this article? Continue reading on this topic:

Which State Has the Most Manufacturing? The Answer Might Surprise You…
Keeping an Eye on Global Markets
Eagle Eye Strategic Focus