Incorporate strategic service management and
reverse logistics into your cost-reduction program
You’ve pared your operating costs to the bone, your logistics and supply chains are thrumming like well-oiled machines, and your workforce is sized to perfection. You’ve maxed out your production capacity and streamlined your lines. What else can you do to reduce costs while continuing to [...]
Technology, consolidation color warehouse management
Today’s warehouses need to meet supply chain expectations for efficiency, flexibility and value-added services, and this requires warehouse managers to seek continual improvement.
Materials handling technology including Web-enabled warehousing controls, radio frequency identification devices, reverse logistics software, voice-directed picking and pick-to-light technology continues to advance and is essential to the running of [...]
IC-DISCs let you realize tax savings from exported products
Are you looking for a way to save your manufacturing company some income taxes this year? Does a portion of your revenue come from exports? Then you may want to consider forming an Interest Charge–Domestic International Sales Corporation (IC-DISC), the last surviving exporting incentive for U.S. manufacturers.
The [...]
Use competitive intelligence to keep tabs on the competition
Manufacturers can no longer rely solely on providing top-quality, low-priced products delivered at the speed of light to differentiate themselves from their competition. And customized service has become a requirement just to stay in the manufacturing game.
Increased competitiveness in the market calls for adopting new approaches to [...]
Since 1976, KRS have included provisions of the Uniform Management of Institutional Funds Act (UMIFA), which provided guidance concerning the management and investment of the donor restricted endowment funds of charitable organizations. Effective today, July 15, 2010, the Commonwealth enacted new legislation and KRS now include provisions of the Uniform Prudent Management of Institutions Funds [...]