Manufacturing Today - Winter 2011 - (Page 21)

/ MT Special Section Winter 2011 / 26. 22. 30. [ FOCUS ON FINANCES ] As a leader of a manufacturing organization, maybe you can’t stop thinking about this, or maybe it’s something you try to pretend to ignore, but U.S. manufacturers face higher tax costs than competitors in almost all other countries. The National Association of Manufacturers has found that the corporate tax rate in America is the second-highest among developed nations, which puts the U.S. manufacturing industry at a big disadvantage in the global marketplace. It’s no secret that U.S. manufacturing faces other hurdles in the global marketplace – right now the industry is without an R&D tax credit and the country’s intellectual property is not as well protected as it should be, and those are only two examples. But let’s not focus on the negative – there are many areas where U.S. industry as a whole can make strides worldwide, and individual manufacturers are likely to have much success when simply focusing on their own operations. The market has been sluggish for awhile now, and no doubt many companies have already made big changes to reduce costs and encourage sales, but executives across the globe know that financial concerns never go away – the numbers are always front and center to be analyzed and improved. As we welcome 2011 and hope to see brighter skies across the U.S. marketplace, Manufacturing Today wants to help industry executives find new ways to improve their operations. In this issue, we want to help our readers look at their company’s finances in three key ways: profitability gains, pricing strategies and how continuous improvement efforts can help top- and bottom-line growth. In the Profitability feature, Doug Willmot, a consultant for Business Engineering, points out that “Return on investment is the dealmaker or breaker in any decision.” Our hope is that manufacturers can take the information presented in this section and use it to determine what ROI can be achieved in their own operations. Manufacturers who take a new look at their finances could end up showing the rest of the industry how to improve on a global scale. mt MT SPECIAL SECTION 22. \ Profitability 26. \ Pricing 30. \ Continuous Improvement WINTER 2011 21

Table of Contents for the Digital Edition of Manufacturing Today - Winter 2011

Manufacturing Today - Winter 2011
Global Strategies
Business Value
Freudenberg Household Products
O.K. Foods Inc.
DJO Inc.
CMC Biologics
Packaging Progressions Inc.
Denison Industries
Burr Oak Tool Inc.
Cambridge International
Certified Transmission
Elopak Inc.
Patriot Forge Co.
Aseptic Solutions USA
Comex Group/Frazee Paint
Fabrica Fine Carpet and Rugs
Munroe Inc.
Peerless Mfg. Co.
Canplas Industries
Mettler-Toledo Hi-Speed
R.F. Hunter Co.
Ace Electronics
Advanced Fiber Technologies
Behringer Saws Inc.
Berger Paints – Trinidad Ltd.
DBS Manufacturing Inc.
DDH Enterprise
Deltak LLC
EVS Metal
Fisher Tank Co.
Hanford Pharmaceuticals
Hess Industries Inc.
Holjeron Inc.
Mid-Continent Engineering
New England Ropes
Ranor Inc.
SET Enterprises Inc.
Swaim Inc.
Total Electronics LLC
Weinbrenner Shoe Co.
Manufacturing Tomorrow

Manufacturing Today - Winter 2011