Do you know that a significant percentage of small and mid-sized manufacturing businesses do not have an annual operating budget? As you explore how a budget can drive important business decisions, this introductory article marks the beginning of our comprehensive budget series where we explore the why, when, and how of budgeting. Future articles will move you through the process and explain how to pull it all together. Let’s get started so you can understand how your business is performing!

In the dynamic landscape of manufacturing, Flextur stands out as a strategic partner, providing innovative solutions for the industry's ever-evolving challenges. Flextur is a metal manufacturer with a product offering focused on industrial workflow solutions, that enable manufacturing plants to thrive. They also extend their expertise through contract manufacturing, serving as strategic partners for Original Equipment Manufacturers (OEMs), focusing not just on parts, but on comprehensive solutions.

Staying ahead of the curve is essential to any business. To thrive in this competitive landscape, companies are turning to the power of big data analytics. Imagine removing the guesswork, having the ability to optimize production, streamline supply chains, and enhance inventory management – all at your fingertips. It's not just a dream; it's the promise of big data.

Every manufacturing company aims to stay ahead of the game in terms of managing resources effectively.

Find a balance you will want to become comfortable with inventory and supply chain management and how they can be tools to help you with your business.

We’ve all seen the recent unemployment numbers and heard employment projections from top officials. The struggle to identify, hire, and retain employees at all levels of the organization is very, very real, and it’s causing major issues for businesses. The labor shortage is not isolated to the State of Ohio – it’s happening everywhere and it’s affecting companies across all industries.

The labor shortage nationwide has certainly affected business owner’s ability to seek and retain talent, but for business owners in the manufacturing sector the struggle to find and retain talent is especially dire.

Cost Segregation is a strategy for increasing cash flow and reducing income taxes for commercial & residential property used in a trade or business. The tax benefits of cost segregations can be applied to real estates like hotels, restaurants, office spaces, apartments, auto dealerships, manufacturing, retail centers, and more.