How Much Does It Cost to Introduce a New Product?

How Much Does It Cost to Introduce a New Product?

Successful businesses of every size are dynamic businesses. They change, they grow, they innovate. As Adena Friedman, President of Nasdaq, Inc. stated, “New products, new markets, new investors, and new ways of doing things are the lifeblood of growth. And while each...
Why Choose CNC Machining? 

Why Choose CNC Machining? 

Manufacturing is a critical part of the U.S. economy, contributing $2.89 trillion in value and representing 10.3% of U.S. GDP in 2023. Manufacturing employs over 12.5 million people, accounting for about 60% of U.S. exports. Manufacturing is driven by innovation. As...
What is Lean Manufacturing? 

What is Lean Manufacturing? 

Manufacturing is essential to our American way of life. There were 13 million people employed in more than 244K manufacturing companies in 2023, contributing 10.3% of the U.S. economy. Over 69% of U.S. manufacturers are estimated to utilize some aspects of lean...
8 Tips for Minimizing Inventory Holding Costs

8 Tips for Minimizing Inventory Holding Costs

Every business needs to reach and sustain long-term profitability to succeed. However, profitability is affected by the cost of inventory. Inventory is sometimes called the lifeblood of retail, e-commerce, or wholesale businesses, and inventory holding costs can...
13 Reasons for Increased Demand for CNC Machining

13 Reasons for Increased Demand for CNC Machining

CNC machining has been around for a long time but there is an increasing demand for CNC machining that is expected to continue due to its vast applications and incredible popularity. The CNC machining industry is projected to grow from $95 billion at the end of 2022...
7 Tips for Automating Production Processes

7 Tips for Automating Production Processes

Business continues to be increasingly competitive and with that competitiveness comes increasing pressure for businesses to deliver results with higher productivity and greater efficiency. Automating production processes has become an essential way to achieve these...