IndustryWeek http://www.industryweek.com/rss.xml en Lean Accounting (1-day class) http://www.industryweek.com/lean-accounting-1-day-class <div class="node-body event-body"><div></div></div> <h3 class="location-locations-header">Location</h3> <div class="location-locations-wrapper"> <div class="location vcard"> <div class="adr"> <span class="fn">Lean Enterprise Institute</span> <span class="locality">Cambridge</span>, <span class="region">MA</span> <div class="country-name">United States</div> </div> <div class="map-link"> <div class="location map-link">See map: <a href="http://maps.google.com?q=%2C+Cambridge%2C+MA%2C+%2C+us">Google Maps</a></div> </div> </div> </div> <div class="field-desc"> <p>Cambridge, Mass<br /> Sponsored by the Lean Enterprise Institute<br /> <a href="http://www.lean.org/Workshops/WorkshopDescription.cfm?WorkshopId=14" target="_blank">Click here for more</a>.</p> </div> <div class="og_rss_groups"></div> http://www.industryweek.com/lean-accounting-1-day-class#comments Tue, 15 Apr 2014 22:32:00 +0000 116531 at http://www.industryweek.com Specialty Paper Company Brings Manufacturing Jobs Back to US Facility http://www.industryweek.com/expansion-management/specialty-paper-company-brings-manufacturing-jobs-back-us-facility <div class="node-body article-body"><div></div>The expansion project doubles the Pulaski, N.Y. facility output, and has retained and created 290 full-time and contract positions. </div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/expansion-management/specialty-paper-company-brings-manufacturing-jobs-back-us-facility" target="_blank">read more</a></p> http://www.industryweek.com/expansion-management/specialty-paper-company-brings-manufacturing-jobs-back-us-facility#comments Expansion Management News Tue, 15 Apr 2014 22:18:00 +0000 116521 at http://www.industryweek.com A Familiar Refrain: US Treasury Says China is Not a Currency Manipulator http://www.industryweek.com/competitiveness/familiar-refrain-us-treasury-says-china-not-currency-manipulator <div class="node-body article-body"><div></div>China may not be labeled a currency manipulator, but in its report to Congress the Treasury said the yuan "remains significantly undervalued."</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/competitiveness/familiar-refrain-us-treasury-says-china-not-currency-manipulator" target="_blank">read more</a></p> http://www.industryweek.com/competitiveness/familiar-refrain-us-treasury-says-china-not-currency-manipulator#comments Competitiveness Trade News Tue, 15 Apr 2014 21:53:00 +0000 116511 at http://www.industryweek.com US Indicts 3 Japanese Auto Parts Execs for Price-fixing http://www.industryweek.com/public-policy/us-indicts-3-japanese-auto-parts-execs-price-fixing <div class="node-body article-body"><div></div>Each faces up to 10 years in prison and a $1 million fine.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/public-policy/us-indicts-3-japanese-auto-parts-execs-price-fixing" target="_blank">read more</a></p> http://www.industryweek.com/public-policy/us-indicts-3-japanese-auto-parts-execs-price-fixing#comments Public Policy News Tue, 15 Apr 2014 20:20:00 +0000 116501 at http://www.industryweek.com Germany's RWE to Supply Gas to Crisis-Hit Ukraine http://www.industryweek.com/global-economy/germanys-rwe-supply-gas-crisis-hit-ukraine <div class="node-body article-body"><div></div>RWE, Germany's second-biggest power supplier, says it will start gas deliveries to Ukraine as Russia threatens to cut off supplies to Kiev.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/global-economy/germanys-rwe-supply-gas-crisis-hit-ukraine" target="_blank">read more</a></p> http://www.industryweek.com/global-economy/germanys-rwe-supply-gas-crisis-hit-ukraine#comments Global Economy News Tue, 15 Apr 2014 19:58:00 +0000 116481 at http://www.industryweek.com Owner of Collapsed Bangladesh Factory Faces Murder Charges http://www.industryweek.com/public-policy/owner-collapsed-bangladesh-factory-faces-murder-charges <div class="node-body article-body"><div></div>"We are planning to press murder charges against Sohel Rana and some other accused," the police's Criminal Investigation Department said, adding that if convicted Rana could be sentenced to death.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/public-policy/owner-collapsed-bangladesh-factory-faces-murder-charges" target="_blank">read more</a></p> http://www.industryweek.com/public-policy/owner-collapsed-bangladesh-factory-faces-murder-charges#comments Public Policy News Tue, 15 Apr 2014 19:57:00 +0000 116471 at http://www.industryweek.com The CFO and Finance Team are Skeptical About Benefit of Lean and Six Sigma - Part 2 http://www.industryweek.com/question/cfo-and-finance-team-are-skeptical-about-benefit-lean-and-six-sigma-part-2 <div class="field-ugc-expert"> Ask the Expert <a href="/expert/ask-expert-lean-leadership">Ask the Expert: Lean Leadership</a> </div> <div class="node-body question_and_answer-body"><div></div>What do you do when the CFO and finance team are skeptical about -- in fact, resistant to -- engaging in lean, Six Sigma or other operational excellence initiatives? (Part 2)</div><fieldset class="fieldgroup group-user-info"> <div class="field-ugc-user-email"> <span>Your Email:&nbsp;</span> <a href="mailto:jill.jusko@penton.com">jill.jusko@penton.com</a> </div> <div class="field-ugc-user-name"> Posted by Jill J. </div> </fieldset> <div class="field-ugc-expert-answer"> <span>Answer:&nbsp;</span> <p>Wasn&rsquo;t it refreshing last time to have a question from a CFO who wanted to help drive excellence but couldn&rsquo;t get his operations counterpart to engage? That was an easier one to swing at than the more typical reticence of the CFO et al.</p> <p>Not unexpectedly we got some immediate feedback and follow-up questions regarding how to cope with the more normal situation. I submit that there is so much common ground here where logic and good business sense should make strong partnerships between operations and finance. The improvement opportunities are simply enormous.</p> <p>So why is it so difficult in reality to make it work? I choose to take the position that it&rsquo;s simply a broad-based case of ignorance on both sides and decades of mind-numbing paradigms that take time to overcome. That said let&rsquo;s get to the typical situation of conflict between finance and operations.</p> <p><strong><em>The more &ldquo;normal&rdquo; situation is that the CFO and the finance team are skeptics at best and actively resistant at worst</em></strong>. My guidance is for us in operations to park our defensiveness at the door and walk into the finance leader&rsquo;s office and ask them for both barrels on what concerns/skepticism they have. That&rsquo;ll start a great list of joint projects to work on that will serve everyone&rsquo;s purpose. It will also create the opportunity to help educate away their ignorance on the requirements for operational excellence and begin to attract some believers.</p> <p>We can provide them with a whole new vision of why their work is so important to improving the business. The worst possible outcome is when operating people get discouraged and throw up their hands and abandon the journey.</p> <p><em>See Also: <a href="http://www.industryweek.com/question/what-plant-managers-lean-leadership-role">What is the lean leadership role of plant managers?</a></em></p> <p>As operations leaders we should approach our discussions with our finance counterparts along these lines:</p> <p><strong>1. First, <a href="http://www.industryweek.com/question/role-finance-manufacturing-excellence">go back and read my last entry</a>,</strong> which responded to a CFO who was frustrated by the lack of interest on the part of his senior operations counterpart. As you read it again simply reverse the roles as if the question came from an EVP of operations. The counsel provided there is equally valid.</p> <p><strong>2. Include key finance people in your education and training sessions with the CEO&#39;s support. </strong>They all need a basic understanding of the thinking behind the CI journey, the collaborative team culture that is necessary across all functional areas, how integrated all of the business processes are and, thus, how integrated all our behaviors and process improvements need to be. They should also be given a &ldquo;Lean 101&rdquo; course so they are at least conversational on basic terms/tools such as: value streams/maps; the importance of flow and constraint management; the purpose of kaizen events and how they are planned, executed and documented; the thinking behind 5S and visual management; the data-driven processes to be used for problem elimination e.g. DMAIC; problem-solving tools such as fishbone diagraming, Pareto analysis, 5 Whys, poka-yoke, etc. Using an exercise such as with Legos or the like is useful in providing simple but powerful hands-on learning about the positive impact of new thinking and new tools on the business. This experience is also a great catalyst for cross-functional team building.</p> <p><strong>3. Invite finance leaders to participate in your CI steering team at the business and/or plant locations.</strong> Also invite them to your conferences to stimulate more positive working relationships as well as to continue to &ldquo;drip on the rock&rdquo; with learning opportunities.</p> <p><em>See Also: <a href="http://www.industryweek.com/question/full-time-lean-champion-positive-or-negative">Is a director of lean initiatives (or something similar) a positive or a negative?</a></em></p> <p><strong>4. Be open and straight-forward in conveying your understanding of why they are skeptical.</strong> In many cases they have good reason to be. For example:</p> <p class="rteindent2">Traditionally there are serious problems with data integrity -- the old &ldquo;garbage in/garbage out situation -- because of poor data accuracy. Operations is griping about getting incorrect data to work with and the finance teams knows that operations is the source of much of the wrong data. Our response: &ldquo;Guilty as charged&hellip;.and here&rsquo;s what we&rsquo;re going to do about that with your help Ms. Finance Mgr.&rdquo; Launch a joint project, analyze the key processes that aren&rsquo;t working, find and eliminate root cause and move on to the next one. Then build on the success project by project.</p> <p class="rteindent2">Traditionally, if the factory and accounting people even knew what the accuracy was for bills and routers, it wasn&rsquo;t nearly good enough to maintain accurate cost or inventory records. So accounting requires that the business shut down and take a physical inventory every quarter and/or year so they can reconcile the books. Why? Because a physical inventory had better accuracy (at least in the minds of the accounting folks) than to reconcile against the book value of inventory. Why? Because there is no confidence in the accuracy of bills and routers not to mention the reporting accuracy issues noted above. Again, operations is typically guilty as charged.</p> <p class="rteindent2">Who in accounting, sales, marketing, engineering, operations, etc. doesn&rsquo;t want more accurate costs? Of course everyone does. Standard cost systems are notorious for providing costs that subsidize the &ldquo;dog orders,&rdquo; i.e. hard to make &ldquo;B&rdquo; and &ldquo;C&rdquo; items, high scrap, short orders, etc. while penalizing the &ldquo;A&rdquo; items where competition is the most fierce. Well with engineering, production scheduling, accounting, marketing, operations help let&rsquo;s clean up the bills and routers, reporting accuracy, etc. as noted above so that we have the best information possible under the traditional cost accounting system. That said, there are typically lots of &ldquo;allocated costs&rdquo; that don&rsquo;t necessarily tie directly to all the products taking the allocation. It&rsquo;s done because the standard system does not know -- because we don&rsquo;t know -- what the true costs are.</p> <p class="rteindent2">Enter the discussion about improving flow and the accompanying performance benefits; convert operations from running large batches through a series of &ldquo;traditional departments&rdquo; into smaller batches that have organized products by common routings, i.e. creating manufacturing cells wherever possible and &ldquo;virtual cells&rdquo; when there are &ldquo;monuments&rdquo; in the process that simply aren&rsquo;t economical or practical to move. The general positives that begin to appear on day # 1 are many. Who doesn&rsquo;t want less working capital, (read CASH) tied up in unnecessary inventory? Who doesn&rsquo;t want excess inventory eliminated so problems can be seen and solved closer to real time? Who doesn&rsquo;t want improved cycle times to improve service to customers? Who doesn&rsquo;t want more accurate costs that are now tied to discrete value streams with far fewer allocations? Who doesn&rsquo;t want skilled operators, mechanics supervisors and engineers all working in a line-of-sight flow to spend more time improving the process instead of chasing down missing materials, mechanics who can&rsquo;t find parts, missing supplies, etc.</p> <p><em>See Also:</em> <a href="http://www.industryweek.com/node/add/question-and-answer/103221"><em>Ask Larry your lean leadership question!</em></a></p> <p>We could of course go on and on with more examples but the key take away is this: We are challenging several decades of traditional factory mindsets and practices that were wrong-headed and stodgy on their best day. The finance team, top to bottom, has justifiably grown up in their own paradigm over this period much like the inspectors in the old factories. &ldquo;We can&rsquo;t trust those manufacturing guys to do the right thing and they don&rsquo;t want our help so we&rsquo;ll create as many controls as we can&rdquo; to reconcile the books every quarter and satisfy the audit committee, the IRS, the SEC, GAAP, FASB, Sarbanes Oxley, etc. etc. etc.</p> <p>We need to help them elevate their thinking about the important contributions they can make to actually improving the business!</p> <p>With the huge progress that results from the collaboration and focus described above, we will have changed our relationships with our finance team counterparts. Why? Because we have set the example with holistic business thinking (not &ldquo;silo&rdquo; thinking) that we&rsquo;ve brought to the table on issues important to the company.</p> <p><strong>Big Mistake: Lean Accounting Too Soon</strong></p> <p>At that point it is my strong belief that we can engage in a very positive discussion, for example, about using the standard cost system to create a much more accurate value stream costing system for all products.</p> <p>I think one of the biggest mistakes companies make is to start pushing &ldquo;lean accounting&rdquo; too soon. To think CFOs and audit committees are going to go from the current paradigm to lean accounting the first year or two of the journey simply isn&rsquo;t going to happen. So don&rsquo;t expect it and, most importantly, don&rsquo;t throw in the towel because of this. It may take years to transform this part of the business infrastructure.</p> <p>Work harder at getting the things done that are important to the business and that require a joint effort. &nbsp;My experience has been that value stream accounting only makes sense when the correct process infrastructure is in place &hellip; and that most companies have much work to do there before they worry about changing the cost system.</p> <p>I&rsquo;ve spent much of this response trying to understand and defend the finance team&rsquo;s lack of interest in our lean revolution. Now that our finance leaders understand that we understand, I&rsquo;d ask one thing of them: Please grab an oar and start rowing!</p> <p>&ldquo;Obstacles are things a person sees when they take their eyes off the goal.&rdquo;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --E. Joseph Cossman</p> </div> <div class="field-ugc-qa-workflow"> Accepted </div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/question/cfo-and-finance-team-are-skeptical-about-benefit-lean-and-six-sigma-part-2" target="_blank">read more</a></p> Lean / Six-Sigma Corporate Culture Finance Operations Tue, 15 Apr 2014 17:19:46 +0000 116451 at http://www.industryweek.com Risk Chat: What is Tax Transformation? http://www.industryweek.com/governance-risk-compliance/risk-chat-what-tax-transformation <div class="field-byline"> Eric Krell </div> <div class="node-body article-body"><div></div>The key enablers of a successful tax transformation are the same enablers of a successful tax function: people, process, technology and data.</div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> Influencer </div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/governance-risk-compliance/risk-chat-what-tax-transformation" target="_blank">read more</a></p> http://www.industryweek.com/governance-risk-compliance/risk-chat-what-tax-transformation#comments Corporate Finance & Tax Governance, Risk & Compliance Finance Gold Tue, 15 Apr 2014 14:25:00 +0000 116391 at http://www.industryweek.com SKF Back to Profit in Q1 http://www.industryweek.com/finance/skf-back-profit-q1 <div class="node-body article-body"><div></div>SKF is the world leader in the industrial bearing business serving the industrial processes and automotive markets so its financial results are a good indicator of the global industrial activity of the economy.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/finance/skf-back-profit-q1" target="_blank">read more</a></p> http://www.industryweek.com/finance/skf-back-profit-q1#comments Finance News Tue, 15 Apr 2014 12:03:00 +0000 116441 at http://www.industryweek.com Imperial Tobacco Announces Closure of Factories in Britain, France http://www.industryweek.com/expansion-management/imperial-tobacco-announces-closure-factories-britain-france <div class="node-body article-body"><div></div>Due to declining sales the two factories are running at less than half of capacity. </div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/expansion-management/imperial-tobacco-announces-closure-factories-britain-france" target="_blank">read more</a></p> http://www.industryweek.com/expansion-management/imperial-tobacco-announces-closure-factories-britain-france#comments Expansion Management News Tue, 15 Apr 2014 11:52:00 +0000 116431 at http://www.industryweek.com Second-Straight Month of Falling Machine Tool Orders http://www.industryweek.com/machine-tools/second-straight-month-falling-machine-tool-orders <div class="field-byline"> Robert Brooks </div> <div class="field-deck"> Weak demand for metal cutting equipment shows slow start for 2014 </div> <div class="node-body article-body"><div></div>U.S. manufacturers ordered $354.40 million worth of new machine tools and related technology during February, a decline of 6.6% from January, and a similar 6.2% decline from February 2013.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/machine-tools/second-straight-month-falling-machine-tool-orders" target="_blank">read more</a></p> http://www.industryweek.com/machine-tools/second-straight-month-falling-machine-tool-orders#comments Machine Tools News IMTS Tue, 15 Apr 2014 03:49:00 +0000 116421 at http://www.industryweek.com <p>The USMTO report&rsquo;s three-month moving average indicates the recent decline in manufacturing technology orders, but the 12-month average indicates more stability.</p> AMT - The Association for Manufacturing Technology Booming Commercial Aviation Industry Presents Supply Chain Challenges -- and Opportunity http://www.industryweek.com/supply-chain/booming-commercial-aviation-industry-presents-supply-chain-challenges-and-opportunity <div class="field-byline"> Lee Schwartz, principal, Schwartz Profitability Group </div> <div class="node-body article-body"><div></div>The outlook is rosy, sort of, for airplane manufacturers that serve the commercial aviation industry. Nevertheless, challenges loom upon closer inspection.</div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> Influencer </div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/supply-chain/booming-commercial-aviation-industry-presents-supply-chain-challenges-and-opportunity" target="_blank">read more</a></p> http://www.industryweek.com/supply-chain/booming-commercial-aviation-industry-presents-supply-chain-challenges-and-opportunity#comments Competitiveness Lean / Six-Sigma Planning & Forecasting Procurement Strategic Planning & Execution Supplier Relationships Supply Chain News Tue, 15 Apr 2014 01:26:00 +0000 116261 at http://www.industryweek.com The Cool Factor: The High-Tech Pull of Millennial Manufacturers http://www.industryweek.com/technology/cool-factor-high-tech-pull-millennial-manufacturers <div class="node-body article-body"><div></div>To win the next generation of factory workers, manufacturers are going high tech and gadget crazy. And it looks like it's starting to work.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/technology/cool-factor-high-tech-pull-millennial-manufacturers" target="_blank">read more</a></p> http://www.industryweek.com/technology/cool-factor-high-tech-pull-millennial-manufacturers#comments Digital Tools Emerging Technologies Engagement Technology Workforce Gold News Mon, 14 Apr 2014 22:57:00 +0000 115521 at http://www.industryweek.com Google Buys Drone Manufacturer Titan Aerospace http://www.industryweek.com/companies-executives/google-buys-drone-manufacturer-titan-aerospace <div class="node-body article-body"><div></div>The solar-powered drones could be used to boost Internet access to remote locations.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/companies-executives/google-buys-drone-manufacturer-titan-aerospace" target="_blank">read more</a></p> http://www.industryweek.com/companies-executives/google-buys-drone-manufacturer-titan-aerospace#comments Companies & Executives Emerging Technologies Product Development News Mon, 14 Apr 2014 21:49:00 +0000 116411 at http://www.industryweek.com Google and Titan logos New Capabilities in PharmaSuite Manufacturing Execution System Bring Production Agility http://www.industryweek.com/rockwell-automation-connected-industrial-enterprise/new-capabilities-pharmasuite-manufacturing-execu <div class="field-deck"> Improved quality, reporting with FactoryTalk Historian software and OSIsoft PI System </div> <div class="node-body article-body"><div></div>Improved quality, reporting with FactoryTalk Historian software and OSIsoft PI System</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/rockwell-automation-connected-industrial-enterprise/new-capabilities-pharmasuite-manufacturing-execu" target="_blank">read more</a></p> http://www.industryweek.com/rockwell-automation-connected-industrial-enterprise/new-capabilities-pharmasuite-manufacturing-execu#comments Rockwell Automation - The Connected Industrial Enterprise Mon, 14 Apr 2014 21:47:00 +0000 116401 at http://www.industryweek.com The Global Manufacturer: Workplace Safety: Small Failures and the Occasional Catastrophe http://www.industryweek.com/safety/global-manufacturer-workplace-safety-small-failures-and-occasional-catastrophe <div class="node-body article-body"><div></div>What makes a manufacturing leader these days? To the list of flexible, innovative 
and efficient, be sure to add ethical and safe. </div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/safety/global-manufacturer-workplace-safety-small-failures-and-occasional-catastrophe" target="_blank">read more</a></p> http://www.industryweek.com/safety/global-manufacturer-workplace-safety-small-failures-and-occasional-catastrophe#comments Competitiveness Corporate Culture Corporate Responsibility Safety Gold Mon, 14 Apr 2014 21:46:00 +0000 115471 at http://www.industryweek.com Chemical Industry Trade Groups Sue Rail Carrier Over Safety Rules http://www.industryweek.com/supply-chain/chemical-industry-trade-groups-sue-rail-carrier-over-safety-rules <div class="node-body article-body"><div></div>Chemical industry trade groups file a federal lawsuit against Canadian Pacific over the rail carrier's decision to require rail cars hauling certain chemicals to comply with new safety standards beginning this week.</div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> Curated </div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/supply-chain/chemical-industry-trade-groups-sue-rail-carrier-over-safety-rules" target="_blank">read more</a></p> http://www.industryweek.com/supply-chain/chemical-industry-trade-groups-sue-rail-carrier-over-safety-rules#comments Safety Transportation Supply Chain News Mon, 14 Apr 2014 19:03:00 +0000 116381 at http://www.industryweek.com SpaceX Mission Delayed Due to Helium Leak http://www.industryweek.com/transportation/spacex-mission-delayed-due-helium-leak <div class="node-body article-body"><div></div>The launch of a SpaceX rocket and its Dragon cargo capsule to the International Space Station is delayed until at least April 18.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/transportation/spacex-mission-delayed-due-helium-leak" target="_blank">read more</a></p> http://www.industryweek.com/transportation/spacex-mission-delayed-due-helium-leak#comments Emerging Technologies Transportation Innovation News Mon, 14 Apr 2014 18:20:00 +0000 116371 at http://www.industryweek.com Mazak Corp. Doubles Manufacturing Technology Scholarships http://www.industryweek.com/workforce/mazak-corp-doubles-manufacturing-technology-scholarships <div class="node-body article-body"><div></div>Mazak Corp. is doubling its support for its SME Education Foundation/Mazak Manufacturing Technology Scholarship in response to the resurgence of manufacturing jobs in Ohio and surrounding states.</div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> Curated </div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/workforce/mazak-corp-doubles-manufacturing-technology-scholarships" target="_blank">read more</a></p> http://www.industryweek.com/workforce/mazak-corp-doubles-manufacturing-technology-scholarships#comments Education / Training Workforce News Mon, 14 Apr 2014 17:58:00 +0000 116361 at http://www.industryweek.com IW Poll: Is Toyota a World Leader in Quality? http://www.industryweek.com/poll/04142014 <div class="node-body advpoll_binary-body"><div></div><p>The Toyota Production System -- it&#39;s a touchstone anytime manufacturing quality is discussed. For 60 years, Toyota has been lauded for creating a manufacturing process that focuses on creating value for the customer, engaging employees and relentlessly driving out waste and inefficiency.</p></div><form action="/poll/04142014" accept-charset="UTF-8" method="post" id="advpoll-voting-binary-form-0" class="advpoll-vote"> <div><div class="poll"> <div class="advpoll-available-choices"> <div class="vote-choices"> <div class="form-radios"><div class="form-item" id="edit-choice-981-wrapper"> <label class="option" for="edit-choice-981"><input type="radio" id="edit-choice-981" name="choice" value="981" class="form-radio" /> Yes. All major manufacturers face recalls and Toyota's quality is as good as it gets.</label> </div> <div class="form-item" id="edit-choice-991-wrapper"> <label class="option" for="edit-choice-991"><input type="radio" id="edit-choice-991" name="choice" value="991" class="form-radio" /> No. The emperor has no clothes. Toyota needs to refocus on quality, and worry less about cost and market size.</label> </div> </div> </div> </div> <input type="hidden" name="ajax" id="edit-ajax" value="" class="ajax" /> <input type="hidden" name="nid" id="edit-nid" value="116351" class="edit-nid" /> <input type="submit" name="op" id="edit-vote-binary-0" value="Answer" class="form-submit" /> <input type="hidden" name="form_build_id" id="form-d48b4cd21453b78e867097301f97ee1b" value="form-d48b4cd21453b78e867097301f97ee1b" /> <input type="hidden" name="form_id" id="edit-advpoll-voting-binary-form" value="advpoll_voting_binary_form" /> </div> </div></form> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/poll/04142014" target="_blank">read more</a></p> http://www.industryweek.com/poll/04142014#comments Mon, 14 Apr 2014 17:24:28 +0000 116351 at http://www.industryweek.com Prepare for the Next-Shoring Revolution http://www.industryweek.com/supply-chain/prepare-next-shoring-revolution <div class="field-byline"> Kevin Ambrose, CEO and president, Wynright Corp. </div> <div class="node-body article-body"><div></div>Proximity to customers is driving the decision to move production back to the United States.</div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> Influencer </div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/supply-chain/prepare-next-shoring-revolution" target="_blank">read more</a></p> http://www.industryweek.com/supply-chain/prepare-next-shoring-revolution#comments Competitiveness Supplier Relationships Global Economy Supply Chain Gold Mon, 14 Apr 2014 17:18:00 +0000 116341 at http://www.industryweek.com <p>Kevin Ambrose, CEO and president, Wynright Corp.</p> China Consortium Buys Peru Copper Mine Stake for $5.85 Billion http://www.industryweek.com/supply-chain/china-consortium-buys-peru-copper-mine-stake-585-billion <div class="node-body article-body"><div></div>The project is the world's biggest copper mine under construction, with its annual output expected to be 450,000 tons when it comes online, or 13% of China's total copper imports last year.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/supply-chain/china-consortium-buys-peru-copper-mine-stake-585-billion" target="_blank">read more</a></p> http://www.industryweek.com/supply-chain/china-consortium-buys-peru-copper-mine-stake-585-billion#comments Supply Chain News Mon, 14 Apr 2014 12:52:00 +0000 116311 at http://www.industryweek.com ThyssenKrupp Says In Talks with Saab Over Shipyards Deal http://www.industryweek.com/transportation/thyssenkrupp-says-talks-saab-over-shipyards-deal <div class="node-body article-body"><div></div><p>FRANKFURT - German heavy industry giant ThyssenKrupp said Monday it is in talks with Saab over the sale of its Swedish shipyards business.</p> <p>The operations, formerly known as Kockums, employ a workforce of about 900 people and the aim of the talks was to safeguard those jobs and retain activities in Sweden, ThyssenKrupp said.</p> <p>&quot;ThyssenKrupp Industrial Solutions, a subsidiary of ThyssenKrupp, and Saab have signed a memorandum of understanding about a sale of Swedish Shipyard ThyssenKrupp Marine Systems,&quot; the German group said in a statement.</p></div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/transportation/thyssenkrupp-says-talks-saab-over-shipyards-deal" target="_blank">read more</a></p> http://www.industryweek.com/transportation/thyssenkrupp-says-talks-saab-over-shipyards-deal#comments Competitiveness Transportation News Mon, 14 Apr 2014 11:27:00 +0000 116301 at http://www.industryweek.com April 2014 Issue IndustryWeek http://www.industryweek.com/industryweek/2014-04-14 <div class="node-body magazine_issue-body"><div></div>In this issue, the Jazzed Workforce -a handful of companies share how they have fostered an engaged workforce, the high-tech pull of millennial manufacturers, and much more!</div> <div class="field-desc"> <p><span><strong>IndustryWeek</strong> connects C-level decision-makers within manufacturing enterprises to share ideas and tools that inspire action. Hear from thought leaders, learn best practices, and keep up-to-date on manufacturing excellence.</span></p> <p><span><em><strong>In this issue,</strong></em> the Jazzed Workforce -a handful of companies share how they have fostered an engaged workforce, the high-tech pull of millennial manufacturers, and much more!</span></p> <p><span>To subscribe to <strong>IndustryWeek</strong> magazine, <a href="http://industryweek.com/Subscriptions/index.html">click here.</a></span></p> </div> <fieldset class="fieldgroup group-mag-teasers"> <div class="field-mag-teaser"> <a href="/workforce/employee-engagement-jazzed-workforce">Employee Engagement: The Jazzed Workforce</a> <a href="/technology/cool-factor-high-tech-pull-millennial-manufacturers">The Cool Factor: The High-Tech Pull of Millennial Manufacturers</a> <a href="/leadership/leadership-strategy-life-after-steve-jobs-ceo-succession">Leadership &amp; Strategy: Life after Steve Jobs: CEO Succession</a> </div> </fieldset> <fieldset class="fieldgroup group-publication-info"><legend>Publication Info</legend> </fieldset> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/industryweek/2014-04-14" target="_blank">read more</a></p> Mon, 14 Apr 2014 04:00:00 +0000 116331 at http://www.industryweek.com Has Supply Chain Success Ruined Marketing? http://www.industryweek.com/blog/has-supply-chain-success-ruined-marketing <div class="node-body blog-body"><div></div><p>Writing a new book is like going back to school. You&rsquo;re always learning novel things; and, being challenged about what you think you know.</p> <p>Tim Wilkinson and myself are currently writing the follow-up to our 2009 work <a href="http://www.distributiontrap.com/"><strong>THE DISTRIBUTION TRAP</strong></a>.</p> <p>Throughout the process, a recurring theme has regularly -- and surprisingly -- come up. It has a lot to do with the success found in managing global supply chains.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/art-business">The ART Of Business</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/has-supply-chain-success-ruined-marketing" target="_blank">read more</a></p> http://www.industryweek.com/blog/has-supply-chain-success-ruined-marketing#comments The ART Of Business Mon, 14 Apr 2014 01:22:00 +0000 116291 at http://www.industryweek.com Slack in Your Company -- Forget About Lean Management and Quality Systems! http://www.industryweek.com/blog/slack-your-company-forget-about-lean-management-and-quality-systems <div class="node-body blog-body"><div></div>Time to improve your business performance? Think carefully how to do it.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/smes-guide-european-manufacturing">The SME&#039;s Guide to European Manufacturing</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/slack-your-company-forget-about-lean-management-and-quality-systems" target="_blank">read more</a></p> http://www.industryweek.com/blog/slack-your-company-forget-about-lean-management-and-quality-systems#comments Competitiveness The SME&#039;s Guide to European Manufacturing Sat, 12 Apr 2014 08:14:00 +0000 116281 at http://www.industryweek.com The Manufacturer's Agenda: Fixing Our Workforce Education and Training Mistakes http://www.industryweek.com/recruiting-retention/manufacturers-agenda-fixing-our-workforce-education-and-training-mistakes <div class="node-body article-body"><div></div>After decades of ignoring manufacturing and production knowledge and skills development, the U.S. is starting to pay attention. National programs to recruit students to consider manufacturing careers and Bureau of Labor Statistics is tracking manufacturing-related skills. </div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/recruiting-retention/manufacturers-agenda-fixing-our-workforce-education-and-training-mistakes" target="_blank">read more</a></p> http://www.industryweek.com/recruiting-retention/manufacturers-agenda-fixing-our-workforce-education-and-training-mistakes#comments Education / Training Corporate Culture Labor / Employment Policy Recruiting / Retention Strategic Planning & Execution Gold Fri, 11 Apr 2014 21:53:00 +0000 115481 at http://www.industryweek.com <p>The Bureau of Labor Statistics now tracks the value of manufacturing-related skills.</p> Recruiting Students to Manufacturing Careers [SLIDESHOW] http://www.industryweek.com/recruiting-retention/recruiting-students-manufacturing-careers-slideshow <div class="node-body gallery-body"><div></div>National efforts to recruit students to manufacturing careers are picking up steam. Here are a few of the top programs.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/recruiting-retention/recruiting-students-manufacturing-careers-slideshow" target="_blank">read more</a></p> http://www.industryweek.com/recruiting-retention/recruiting-students-manufacturing-careers-slideshow#comments Growth Strategies Recruiting / Retention Fri, 11 Apr 2014 20:11:00 +0000 116041 at http://www.industryweek.com <p>Students taking part in a plant tour as part of Manufacturing Day, 2013. The Making Stuff is Cool program is a Manufacturing Day partner program run by Society of Manufacturers. GenMet Superior Metal Fabrication is a manufacturer that opened its doors to student tours and activities during Manufacturing Day.</p> Poll: Swiss Voters Set To Sink Swedish Jet Fighter Deal http://www.industryweek.com/global-economy/poll-swiss-voters-set-sink-swedish-jet-fighter-deal <div class="node-body article-body"><div></div>Swiss voters are set to sink a massive defense deal with Swedish firm Saab to buy 22 fighter planes, an opinion poll showed Friday ahead of a referendum next month.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/global-economy/poll-swiss-voters-set-sink-swedish-jet-fighter-deal" target="_blank">read more</a></p> http://www.industryweek.com/global-economy/poll-swiss-voters-set-sink-swedish-jet-fighter-deal#comments Global Economy News Fri, 11 Apr 2014 20:04:00 +0000 116271 at http://www.industryweek.com BMW Recalls Half Million Cars Worldwide http://www.industryweek.com/global-economy/bmw-recalls-half-million-cars-worldwide <div class="node-body article-body"><div></div>German automaker BMW is recalling almost half a million vehicles worldwide due to an engine part defect.</div> <div class="og_rss_groups"></div><p><a href="http://www.industryweek.com/global-economy/bmw-recalls-half-million-cars-worldwide" target="_blank">read more</a></p> http://www.industryweek.com/global-economy/bmw-recalls-half-million-cars-worldwide#comments Global Economy News Fri, 11 Apr 2014 19:21:00 +0000 116251 at http://www.industryweek.com