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Casual Articles - Lean Principles in Action
If you are going to start a new business in the state of Oregon, you should look for sources of business tax credits for Oregon companies. These credits are available not only when starting a new business, but also when expanding an existing business. Here is some information to help you get tax credits for companies in Oregon.The government of the state of Oregon is very concerned about the environment. If you are planning to invest in any business that helps the environment, then the Oregon Department of Energy is ready to provide financial assistance. This benefit is known as the Business Energy Tax Credit. If you invest in environment friendly projects such as recycling, energy conservation, less polluting fuels for transportation and renewable energy resources, you may qualify for this tax credit.To find out how much tax credit you can get, you have to calculate the eligible project cost. The eligible project cost is the amount of money you have invested to make the project environment friendly, over and above the amount that would have otherwise been invested. You can use 35% of this amount as the tax credit over a five-year period. Here is the annual break-down of how to use the tax credit:First year 10 % Second year 10 % Third year 5 % Fourth year 5 % Fifth year 5 %The unused tax credit can be carried forward each year up to a maximum of eight years. You also have the option of using the entire tax
A major plant in South Carolina was chosen as a key ETO facility to target for manufacturing cost improvement. With its 258,000 square feet
Most of the American citizens believe in the Federal Trade Commission’s original mission, although having seen the truth and reality of the Federal Trade Commission’s ten-year delay on the changes to the franchise rule and the way they conduct themselves, do we really need the franchise rule at all? Do we even need the Federal Trade Commission involved in a business model they clearly do not understand, which is so vital to our Gross Domestic Product?Shouldn’t the Federal Trade Commission franchise division have a business library on franchising the size of any franchisor? Shouldn’t they have to in turn at a franchise company before working in that cushy job, which will most likely land them a much higher paying job in the private sector later on? Are they competent enough to do the job? Well, what say you? China has often called our government the paper tiger? What should we call the Federal Trade Commission with regards to franchising? It appears to be based on borderline incompetence, from my personal observation. It is as if the entire agency is really fake and does nothing, pretends to help the consumer, yet crushes them at every corner. Perhaps the Federal Trade Commission needs the five-point safety harness seatbelt not the industry. Who watches over their endeavors? Do they have absolute free reign on everything without regards to their actions? If so, no wonder such abuses of power go on? Who is running the ship over there? Truth, Justice and the A
The electrical products industry is one characterized by fierce competition, declining margins, and legislative regulations, all that have forced the majority of electrical product manufacturers to rethink their business models. This article describes a successful story from a leading electrical products manufacturer and its journey towards lean, which to date, has saved the company over $65 Million in hard –dollar savings.
Background
Tefen has worked closely with one of the world’s leaders in Power and Control products. With worldwide consolidated sales exceeding $9 Billion in 2002, the company has roughly 200 manufacturing plants worldwide, with about half of them in North America.
In North America, Tefen has specifically worked with a division known for quality switchboards, switch gear, breakers, and other electrical components used within the energy, building, industry and infrastructure markets. The company faces stiff competition from General Electric, Siemens, and Westinghouse Electric in most categories. Given the level of world-class competition, the company has continually pursued strategies to improve its cost position, quality, and overall order fulfillment processes.
In the industry, this company is renowned for its ability to tailor its products to meet the specific needs of its clients. The ability and willingness to customize has created a competitive edge for them, while at the same time created operational challenges. Engineer to Order (ETO) products with a high degree of variability can often drive long lead time from design to production, large inventories, obsolescence, design control issues, production complexity, and inefficient scheduling, among other problems.
From 1996 to 2001, the highly competitive North America market and economic downturn drove steady margin erosion. In response, the company launched an enterprise-wide initiative to reduce manufacturing costs by 20-25% within two years at select manufacturing sites. Further, it set goals to build the skills base necessary to generate lasting continuous improvement, drive consistency in production systems, and optimize key areas of the supply chain.
A major plant in South Carolina was chosen as a key ETO facility to target for manufacturing cost improvement. With its 258,000 square feet
Some people might say why do i need to learn all about developing my non financial resource, if i have money and all the material things i need and want then surely there is nothing else to learn. Well, with all intent and purposes you could be described as a success. That might be true to a point but you miss the important message and potential long lasting success you can have if only you realise that you need to develop your inner self before you can be truly successful.How many rich people have you heard of or seen on TV that just do not seem content or happy with their lot ? The issue is not that they don't have money or wealth etc...but they developed their financial resources before working on their non-financials, this is partly the reason why there is an ever growing increase of psychologists and rehab centres springing up everywhere.....The Apprentice:Do you remember watching the programme where contestants work on various tasks with the aim of securing a lucrative job with a business tycoon. The UK version had Sir Alan Sugar as the tycoon, but it was something he mentioned which also proves this point, it was during one of the tasks when the budding apprentices were sent to an east end market to sell goods and beforehand, it showed Sir Alan visiting the market where apparently he had plied his trade and selling skills. He basically said, he could re-accumulate his wealth even if he had to restart all over again.So why would he say that, in
In North America, Tefen has specifically worked with a division known for quality switchboards, switch gear, breakers, and other electrical components used within the energy, building, industry and infrastructure markets. The company faces stiff competition from General Electric, Siemens, and Westinghouse Electric in most categories. Given the level of world-class competition, the company has continually pursued strategies to improve its cost position, quality, and overall order fulfillment processes.
In the industry, this company is renowned for its ability to tailor its products to meet the specific needs of its clients. The ability and willingness to customize has created a competitive edge for them, while at the same time created operational challenges. Engineer to Order (ETO) products with a high degree of variability can often drive long lead time from design to production, large inventories, obsolescence, design control issues, production complexity, and inefficient scheduling, among other problems.
From 1996 to 2001, the highly competitive North America market and economic downturn drove steady margin erosion. In response, the company launched an enterprise-wide initiative to reduce manufacturing costs by 20-25% within two years at select manufacturing sites. Further, it set goals to build the skills base necessary to generate lasting continuous improvement, drive consistency in production systems, and optimize key areas of the supply chain.
A major plant in South Carolina was chosen as a key ETO facility to target for manufacturing cost improvement. With its 258,000 square feet
A Counsel Interview is a practical approach to dealing with staff problems - and all such situations. Issues rarely solve themselves and therefore it is essential that managers recognise that a problem exists and then solves it as rapidly as possible, because an unhappy employee will not be working at optimum performance levels.Step One: Decide to Hold a Counsel InterviewWhere a situation is wrong, and is obviously going to get worse, take the positive decision to hold a counsel interview, it is the only way. Face the problem - do not simply hope it will go away. Prepare for the interview by brushing up on the interviewee’s background. Give the interviewee a general idea of what the interview will be about when arranging the time and place to have it. When that time comes, make certain that the meeting will not be disturbed in any way.Step Two: Uncover the FactsAsk questions to get the other person talking. It may be that the answers to some of the questions are already known. That does not matter. What is being looked for is a key, something to unlock and let out the real cause of the worsening problem. Get the person to unburden themselves.Step Three: Agree the Cause of the ProblemOnce the interviewee has admitted there is a problem and given the details, the counsellor can start to rebuild the situation. Only after such a frank discussion can the real causes of the problem be agreed. This agreement is essential t
In the industry, this company is renowned for its ability to tailor its products to meet the specific needs of its clients. The ability and willingness to customize has created a competitive edge for them, while at the same time created operational challenges. Engineer to Order (ETO) products with a high degree of variability can often drive long lead time from design to production, large inventories, obsolescence, design control issues, production complexity, and inefficient scheduling, among other problems.
From 1996 to 2001, the highly competitive North America market and economic downturn drove steady margin erosion. In response, the company launched an enterprise-wide initiative to reduce manufacturing costs by 20-25% within two years at select manufacturing sites. Further, it set goals to build the skills base necessary to generate lasting continuous improvement, drive consistency in production systems, and optimize key areas of the supply chain.
A major plant in South Carolina was chosen as a key ETO facility to target for manufacturing cost improvement. With its 258,000 square feet
Well, you’ve read keys to leadership before, probably enough to fill a sizeable key ring! But let’s face it, leadership is about people – who else would you lead? So if it is about people, there ought to be a way to systematically become more effective. And I’m not just talking about folks at work, but also about leadership with your spouse and children.So what’s the scoop?The key, as in almost any worthwhile endeavor, has to do with having a plan. In this case the plan involves defining three important “people area questions”: “What are my roles?” “What are my key relationships within each of those roles?” And “What are the responsibilities that go along with each of those relationships?”First off, What are my roles? Each of us has roles in life, some more than others. You might have a role as a boss, or as an employee. You might even have both! You might have a role as a wife or a husband, or as a father or mother. My own key roles are as a boss, as a husband, and as a father. Whatever your key roles are, write them down on the left side of a piece of paper, and leave room between them.Study those roles for a minute or two. Each role will have key relationships within it. For instance, if you are an employee, you have a manager, supervisor, or an executive you report to. That’s a key relationship. You may also have a few people who work with you on a company team, and again, those are key relationships. Don’t put everyone in the c
From 1996 to 2001, the highly competitive North America market and economic downturn drove steady margin erosion. In response, the company launched an enterprise-wide initiative to reduce manufacturing costs by 20-25% within two years at select manufacturing sites. Further, it set goals to build the skills base necessary to generate lasting continuous improvement, drive consistency in production systems, and optimize key areas of the supply chain.
A major plant in South Carolina was chosen as a key ETO facility to target for manufacturing cost improvement. With its 258,000 square feet
How Individuals and Groups can Fundraise for Hurricane Katrina ReliefWhen Hurricane Katrina hit the Gulf Coast of the United States on August 28th 2005, the results were devastating, heartbreaking, and far-reaching. The aftermath of this natural disaster will ultimately have an effect on every citizen of the United States in one way or another. If you or a loved one were personally affected our thoughts and prayers are with you.American citizens want to help and there are many ways. Right now money is needed so that national charitable organizations can do their jobs. Check online. The American Red Cross, The Salvation Army, America's Second Harvest and most national charities can accept monetary donations online. Or, send a check in the mail. These are the quickest ways to help out. Check your local newspaper, television and radio station. They, no doubt, will be conducting drives for money, food, clothing, and other necessities of life.Individual and grassroots fundraising efforts can also make a difference and help those in need. Here are some ways:Are you an eBay seller or buyer? You may buy or sell an item on eBay and designate that all, or a portion of, the proceeds be donated to Hurricane Katrina Disaster Relief. If you are a seller your selling fees may be entirely waived. Visit eBay.com and MissionFish.org for more information on the thousands of charities registered to accept donations.Make a direct donation through PayPal.com to the
A major plant in South Carolina was chosen as a key ETO facility to target for manufacturing cost improvement. With its 258,000 square feet of production space, large dollar opportunity, and products of strategic significance, it was a logical target. Tefen was engaged to understand the current state operation, define improved methods by applying Lean techniques, and then drive rapid implementation. The stated goal was to reduce conversion costs by a minimum of 20%.
The Situation at South Carolina
During the first week of the 3 week long diagnostic phase, Tefen worked with plant personnel to understand the current state of the operation. The Motor Control Center product (MCC), along with the Fabrication area (Fab), were the subjects of particular focus. Here, a number of key findings highlighted the need for dramatic operational improvement. Specifically, it was uncovered that the two areas of focus were characterized by:
- Long changeover times - Excessive WIP and Raw Material - Excessive active part numbers - Long lead times - A functional layout with poor material flow - High order variability - Inefficient labor utilization - Inefficient order entry processes - High level of overproduction and rework - High transportation costs
These underlying issues hindered the company’s performance at the plant level, which in turn, diminished the overall corporate operating result. Besides diminished cash-to-cash cycle time efficiency, the plant experienced
less than optimal order fulfillment performance, low inventory and asset turns, and high overall supply chain costs.
The Solution
During the second and third weeks of the diagnostic, Tefen defined a number of key levers to drive significant conversion cost savings. To conduct the diagnosis and quantify tangible savings, a number of tools and techniques were employed. For example, Value Stream Maps were created for both the “current state” and envisioned “future state” of the fac
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