In print manufacturing during the 70’s and 80’s it was common for a business to earn 20% to 30% Gross Profit. Today they are lucky to get 10%. The margin for management or production error is slim. As a customized manufacturer of a subjective product it is common practice to re-print jobs. Again, 20 year ago this could be done with the job still earning a profit. Today it will take the average printing company three jobs to recover the losses of re-printing.
Technology, largely the internet, databases. MIS have given us volumes of data to analyze to make better decisions. I tend to think we have too much data that prevents us from making decisions. However both labor and management must establish processes that first collect the correct data and then be able to use that data in their daily decision making processes.
Free trade legislation, technology again has allowed many intellectual and manufacturing functions to be outsourced with ease and without traditional quality or performance concerns. As a
I have grave concerns about the financial systems around the world, typically lead by
Students who wish to be successful in manufacturing now and in the future must be proficient in finance and financial accounting. They must able to analyze manufacturing processes for cost effectiveness debate with confidence the advantages of local manufacturing over outsourcing to an over seas supplier. Along those same lines statistics and process improvement is key. Students must learn to think about sustainability of our environment and resources in the products and manufacturing processes they design. Lastly, respect for a culturally diverse mix of professional business and technical partners. We are collaborating and competing in a 24/7/365 world, not just Big Rapids, or