06.14.22

Get Ahead on Cybersecurity — Before It Is Too Late

Manufacturers cannot afford to put cybersecurity issues on the back burner. Just because manufacturers may not sell directly to consumers, it does not mean that they are not at risk. Sometimes manufacturers are impacted when their customers or vendors get hit by a cyberattack. And while news media gives play to data breaches that occur […]

05.24.22

Using AR To Enhance Manufacturing Processes
Joyce Carlson

A new innovative technology, introduced recently in the last five to six years, is taking its place in manufacturing with a higher than expected acceptance. Known as Augmented Reality (AR), this phenomenon has emerged with the potential to transform the manufacturing industry. Unlike virtual reality, AR overlays digital imagery onto physical surroundings, typically through the […]

03.14.22

Boost Cash Flow With a Fixed Asset or Cost Segregation Study
Brandon W. Vahl

If you are seeking opportunities to improve your company’s cash flow, consider a fixed asset or cost segregation study. Manufacturing is a capital-intensive industry, so it is critical to ensure that fixed assets are classified properly to recover their costs as quickly as possible. Fixed asset study A fixed asset study examines all depreciable assets […]

02.16.22

The Price Is Right: Implementing the Right Pricing Strategy
Thomas Pierce

COVID-19. Inflation. Labor shortages. Supply chain delays. Manufacturers have had a lot on their plates the past couple of years. Across the board, the result has been increasing prices. But simply increasing prices without factoring market-based considerations into your pricing strategies might not be enough. Related Read: Manufacturing Evolving from COVID-19 What is production-based pricing? Direct […]

12.15.21

South Dakota v. Wayfair – Economic Nexus and Manufacturers’ Sales Tax Obligations
Seamus M. Donoghue

It has been more than three years since the U.S. Supreme Court’s landmark decision in South Dakota v. Wayfair. In that case, the Court held that a state may require out-of-state sellers to collect and remit sales tax even if they lack a physical presence in the state. Since then, nearly every state with a […]

11.15.21

Three Ways To Prepare for the Next Supply Chain Disruption
Brandon W. Vahl

Before the COVID-19 pandemic, many manufacturers’ supply chain management efforts focused on reducing costs and increasing efficiency, in some cases at the expense of flexibility and resiliency. But the pandemic highlighted the vulnerability of global supply chains to disruptions caused not only by public health emergencies, but also natural disasters, political unrest, economic volatility and […]

09.15.21

The Future of the Supply Chain Is Digital

As the supply chain for the manufacturing industry becomes increasingly global, it is also becoming increasingly complex. Even before the COVID-19 pandemic, many manufacturers and distributors were adopting digital solutions — particularly blockchain — to improve the visibility and traceability of raw materials and goods through the supply chain. These upgrades have helped enhance transparency, […]

08.24.21

Labor Shortage: How Manufacturers Can Attract and Retain Qualified Workers
Seamus M. Donoghue

The CFO Survey, a collaboration of Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, tracks CFO optimism and top concerns. According to the survey, labor quality and availability was the most pressing concern in the second quarter of 2021. The labor shortage has been a major concern among […]

06.11.21

Are You Ready for Industry 4.0?
Joyce Carlson

Industry 4.0 — sometimes referred to as the fourth industrial revolution — is not new. The term was first coined nearly ten years ago. Ironically, the supply chain upheaval and explosion of remote work caused by the COVID-19 pandemic has played a part in shaping industry transformation. Here is a brief introduction to the concept […]

05.11.21

Remote Auditing: Is It Here to Stay?
Harry Fox

The COVID-19 pandemic has had a big impact on the way companies conduct business and audit firms are no exception. Restrictions on the ability of auditors to physically visit business premises have, in many cases, forced them to adopt remote auditing techniques. Remote auditing is not new. For years, auditors have taken advantage of technology […]