Episodes
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In this episode of the Manufacturers' Network podcast, I spoke with Alex Ladd, the CEO of Mindstream Analytics. With over 15 years of experience in financial software systems and a successful track record that includes more than 50 implementations for industry giants like Verizon, Bayer Corporation, and Time Warner Cable, Alex brings a wealth of knowledge in technology innovation and change management to the table.
Alex Ladd begins by sharing his unique journey into the world of technology. Interestingly, Alex was a history major with no formal background in computers or programming. A spontaneous job offer in his early career led him to a role that involved building a computer simulation to help businesses understand reporting and analytics around KPIs. This opportunity served as Alex's introduction to the world of technology, and this role ignited his passion and expertise in the field.
Ladd then discusses the importance of data in manufacturing, specifically focusing on JD Edwards, a historically significant enterprise resource planning (ERP) system. While JD Edwards is adept at managing production schedules and general ledgers, it falls short on analytics. Alex explains how modern tools and EPM (Enterprise Performance Management) solutions can complement ERP systems by offering deeper insights through advanced data analytics.
One key takeaway from the episode is the importance of integrating various systems and fostering collaboration between different departments within a manufacturing organization. Alex highlights the need for synchronization between production planning, sales planning, procurement, and other departments to ensure that data is cohesive and comprehensive.
Alex identifies common pitfalls that manufacturers face in their data management strategies. One significant issue is the lack of integration between production and sales data, often resulting in inefficiencies and misaligned objectives. Additionally, Alex discusses the importance of master data management and the need to ensure that everyone uses consistent data definitions.
Regarding improving production planning and analysis, Alex advocates for using EPM solutions, which can aggregate and analyze data across various facets of an organization. He also touches upon the growing role of AI and machine learning in streamlining operations and enhancing data accuracy. Though still in its early stages, AI has the potential to impact data analysis and operational efficiency in manufacturing significantly.
Lessons Learned
1. Unconventional Paths Can Lead to Success: Alex Ladd’s transition from a history major to a tech leader emphasizes that career paths need not be linear. A combination of opportunity, curiosity, and willingness to learn can lead to a successful career in unexpected fields.
2. Integration is Crucial: The episode underscores the importance of integrating different data systems within an organization. Ensuring that sales, production, procurement, and other departments use cohesive data sets can drive better decision-making and operational efficiency.
3. The Evolution of ERP Systems: While ERP systems like JD Edwards are foundational, they need to be complemented by advanced analytics tools to unlock the full potential of data in manufacturing.
4. Involvement Leads to Success: One standout point from Alex is that organizations actively involved in their data projects tend to see better results. Engagement and collaboration between consultants and in-house teams are critical for successful data management.
5. Future of AI in Manufacturing: AI and machine learning are emerging as powerful tools for data analysis and operational efficiency in the manufacturing sector. Keeping abreast of these technologies can offer competitive advantages.
Alex Ladd’s...
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In this episode of The Manufacturers Network Podcast, host Lisa Ryan talks with Patrick Stroth, the national practice leader for mergers and acquisitions at Liberty Company Insurance Brokers. Patrick, based in the bustling heart of Silicon Valley, shares his vast knowledge and expertise in securing clean exits for owners and founders of lower-middle-market companies who are looking to sell their businesses.
Patrick shares his career journey, explaining how his passion for mergers and acquisitions grew from his background as a lifelong insurance professional. He discusses why mergers and acquisitions are both exhilarating for the business world and profoundly life-changing for business owners, often marking the pinnacle of their professional careers. Patrick emphasizes that a solid and efficient exit strategy can facilitate smoother transitions, quicker sales, and happier outcomes for sellers.
One of the foremost topics discussed revolves around "Representations and Warranties" and their critical role in selling manufacturing businesses. Patrick enlightens listeners on how these disclosures are prepared by sellers and verified by buyers during the due diligence process. He elucidates the potential risks when breaches in these reps and warranties occur, explaining how the traditional indemnification clauses can be a source of stress and possible financial clawbacks for sellers.
In an innovative turn, Patrick introduces an emerging solution tailored for the lower middle-market segment: Transaction Liability Private Enterprise (TLPE) insurance. This insurance product provides the necessary protection for deals between $1 million and $30 million. He breaks down how this insurance policy allows sellers to cover any possible breaches, thus alleviating buyers' concerns and negating the need for large escrow holds.
Patrick shares real-world examples, like a metals fabrication company that faced a post-transaction issue with a key supplier renegotiating terms due to an oversight in the original contract. Such scenarios, which might have posed significant financial risks to the sellers, were mitigated through the protection offered by the TLPE policy, proving its efficacy and value.
In actionable takeaways for listeners considering selling their manufacturing business, Patrick advises securing an attorney specializing in mergers and acquisitions to effectively navigate the complex waters of business transitions. He highlights that specialized M&A attorneys add invaluable expertise, ensure smoother transactions, and reduce stress.
For those interested in exploring the benefits of TLPE further or seeking personalized advice, Patrick offers his contact information and encourages reaching out via email or LinkedIn.
Key Takeaways:
1. Understanding Representations and Warranties: Grasp the significance of reps and warranties in the sale process and the risks associated with potential breaches.
2. Transaction Liability Private Enterprise (TLPE) Insurance: Consider TLPE insurance for deals between $1 million and $30 million to safeguard against financial risks from reps and warranty breaches.
3. Specialized Legal Advice: Engage an attorney specializing in mergers and acquisitions to ensure a smoother and more secure transaction.
4. Real-life Applications: Learn from examples of how TLPE insurance provided crucial coverage and peace of mind to both buyers and sellers.
Actionable Strategies:
- Start Early: Begin planning your exit strategy well before you intend to sell your business to ensure all disclosures and financial statements are in order.
- Consider TLPE Insurance: Evaluate if TLPE insurance is a good fit for your transaction to reduce escrow holds and ensure a cleaner exit.
- Hire Specialists: Engage professionals specializing in M&A to help navigate and...
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Episodes manquant?
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In this episode of the Manufacturers Network Podcast, host Lisa Ryan introduces Stephen Gold, the President and CEO of the Manufacturers Alliance since 2001. Stephen, who has transformed the Alliance into a leading network for manufacturing leadership, shares insights from his diverse career and the challenges facing the manufacturing sector today. Stephen started his career in government relations, communications, and law before moving into manufacturing associations in 2000 and joining the National Association of Manufacturers (NAM) in 2001. Recognizing the essential role of manufacturing in the economy, he joined the Manufacturers Alliance in 2011.
Stephen highlights the top challenges for manufacturing leaders, including finding skilled workers, technological advancements, cybersecurity threats, supply chain complexity, and global market volatility. The workforce challenge is paramount, as finding workers with the right skills for modern, technologically advanced factories is difficult. Technological changes such as digitalization, robotics, cloud computing, and AI rapidly evolve, and manufacturers struggle to integrate these technologies into legacy systems. Cybersecurity is another significant concern, with manufacturers being a primary target for cybercriminals due to the potential for extorting money by shutting down production lines.
Stephen explains that manufacturers are collaborating with high schools and technical schools to build a skilled workforce, though it's a piecemeal and long-term approach. Additionally, manufacturers are leveraging new technologies to create more transparent supply chains and adapt to disruptions caused by global and political shifts. He also emphasizes the increasing importance of peer-to-peer networking in solving industry challenges, with the Manufacturers Alliance facilitating these connections through meetings, benchmarking surveys, webinars, and online discussion boards.
Lisa and Stephen also discuss the evolving role of manufacturing CEOs. The new generation of leaders is expanding their leadership capacities, focusing on self-awareness, relatability, and adaptability, and seeking guidance from board members and senior leadership teams. Finally, Stephen encourages listeners to visit the Manufacturers Alliance website for a wealth of research and insights, noting that anyone can contact him directly via email for further information.
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In this episode of The Manufacturers Network Podcast, host Lisa Ryan and guest Ron Crabtree, Founder and CEO of Meta Ops and Meta Experts, talked about the critical topic of shaping organizational culture and talent management strategies for manufacturers.
Ron Crabtree emphasized the importance of shaping organizational culture as leaders, focusing on creating an attractive workplace and a safe work environment, encompassing both physical and emotional safety. The discussion also shed light on addressing mental health challenges in the workplace and the need for employees to feel safe to speak up.
The decreasing importance of pay and increasing significance of access and openness within the C suite were highlighted, as well as the rising trend of digitization in the workforce. Ron Crabtree stressed the pivotal role of leveraging computers and lean practices to drive continual improvement and eliminate waste in processes within an organization. The importance of understanding processes before embarking on digital transformation and utilizing techniques such as value stream mapping for process improvement was also discussed.
Lisa Ryan raised the concern about employees' comfort levels and familiarity with technology, inquiring about how companies are addressing skill development and buy-in for digital transformation and AI adoption. The conversation concluded with a focus on workforce development strategy, the significance of self-driven employee development programs, and the value of engaging employees in visualizing the future state of work.
Key Takeaways:
1. Shaping Organizational Culture: Leaders need to focus on creating a safe, attractive workplace and fostering open communication to address mental health challenges and alleviate employee disengagement.
2. Digital Transformation and Lean Practices: The trend of digitization in the workforce calls for leveraging computers and implementing lean practices to drive continuous improvement and eliminate waste in processes within an organization.
3. Workforce Development Strategy: Planning for future work requirements, self-driven employee development programs, and engaging employees in visualizing the future state of work are vital for preparing employees for future skills and job requirements.
Actionable Ideas:
- Implement value stream mapping to deeply understand processes and identify areas for improvement while considering the impact of IT systems on workflow.
- Encourage employees to recognize and acquire new skills, create a safe environment for change, and incentivize their involvement in workforce development.
- Provide avenues for contact with experts like Ron Crabtree through LinkedIn or email for further discussion and information on shaping organizational culture and talent management strategies for manufacturers.
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In this episode, host Lisa Ryan welcomes Marilyn Rosa-Green, an executive coach and strategist specializing in food and beverage manufacturing, to discuss the essential role of empathy in leadership within the manufacturing industry.
Lessons Learned:
1. The Importance of Reframing and Nurturing Oneself: Marilyn emphasizes the importance of reframing and nurturing oneself to live a more fulfilling life, highlighting the different relationships with mental health. She shares her personal experience of caring for a brother with severe brain injury and the impact on emotional management.
2. Investing in Well-Being and Resisting Change: Marilyn underlines the significance of investing in well-being and resisting change, both for oneself and the team, to address challenges in manufacturing environments.
3. Fostering Better Communication and Relationships: Key themes for fostering better communication and relationships within the team include self-awareness, understanding core values and motivation, consistent and constant communication, and being visible and collaborative.
4. Self-Compassion and Reenergizing: Marilyn emphasizes self-compassion and reenergizing as better ways to approach employee self-care, shedding light on the importance of training and self-care for leaders and employees in the manufacturing industry.
Actionable Ideas for Leaders:
- Actively provide resources and education for mental health discussions in the workplace.
- Offer proactive measures and support for employees' mental well-being.
- Demonstrate empathy and support employees in emotional situations such as bereavement or family reasons.
- Incorporate empathy in leadership styles to better support frontline workers' mental health and well-being.
- Leverage empathy effectively to increase productivity and build employee loyalty.
This conversation illuminates the imperative need for empathy in manufacturing leadership. Through personal experiences, expert insights, and actionable strategies, leaders in the manufacturing industry can foster a culture of empathy, ultimately creating more supportive, productive, and successful teams.
Remember to connect with Marilyn Rosa-Green on LinkedIn for further discussions and insights on cultivating empathy in manufacturing leadership.
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In this episode, Jeremy Parker, the co-founder and CEO of swag.com, shared some fascinating insights into the world of promotional products and swag. He mentioned that his background as a documentary filmmaker led him to the realization that he wanted to pursue a different career. This ultimately led him to start a T-shirt company, which served as a valuable learning experience in manufacturing, marketing, PR, branding, and e-commerce.
Parker shared how swag.com was born out of his observations of the changing promotional products industry. He noticed that the industry was growing, but the buyers were getting younger, and they desired a more efficient and streamlined experience for purchasing promotional products. This led him to envision and build the next-generation promotional product company, where the front-end experience was highly automated, while the back-end operations involved a lot of manufacturing and coordination.
An interesting highlight was when Parker described the launch of SwagSpace, a division under custom ink. They provided the technology developed over nine years at swag.com for free to allow anyone to sell swag to their audience. This initiative aimed to simplify swag sales and open a new revenue stream for various businesses, such as screen printers, event planners, and designers.
The conversation delved into how Swag.com monetized the free technology it provided to partners, leveraging its buying power and dynamic pricing to maintain margins while increasing sales for its partner distributors.
Another key highlight was Parker's discussion on integrating AI into their systems. He detailed their upcoming AI helper tool, allowing the system to curate offerings, automatically create mock-ups, and interact with clients to streamline the entire product selection and design process, making it faster and more efficient.
The dialogue also touched on the importance of quality and the significance of swag that people actually want to keep, emphasizing the impact of meaningful and practical swag on enhancing brand connection.
Additionally, Parker shared anecdotes of unique and unconventional swag requests, such as the case where a company wanted to customize high-quality backpacks for employees, with the logo subtly placed on the inside lining, creating an exclusive, personal connection to the brand.
Overall, the episode provided valuable insights into the evolving world of promotional products and swag, the role of technology, and the importance of connecting with an audience through thoughtful and purposeful swag.
To get in touch with Jeremy, you can visit swag.com or swag.place. Use swag.com. If you want to buy swag or if you're a manufacturer and want to work them. Use wwag.space if you want to start selling swag to your audience. Jeremy's email is [email protected].
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In this episode, I'm joined by Kerrie Jordan, the Group Vice President of Product Management at Epicor and host of the Manufacturing the Future podcast. With her extensive software technology and manufacturing background, Kerrie provides valuable insights into the trends, challenges, and opportunities shaping the manufacturing industry.
The key theme of this episode is the vital importance of upskilling for organizations to remain competitive and retain top talent. Kerrie emphasizes the need to invest in employees' training and development, highlighting the alarming decline in the commitment to upskilling, as revealed by The Voice of the Manufacturing Worker report. She underlines the significance of empowering frontline workers with technology, predicting a shift towards technologies that enhance shop floor operations, particularly generative AI. Moreover, she stresses the increasing emphasis on sustainability and upskilling in the manufacturing sector.
Lessons learned from Kerrie Jordan’s expertise include the need for leaders to tie technology investments to clear outcomes and pragmatic value, reignite interest, and effectively integrate new technologies. Furthermore, the podcast delves into the importance of engaging with younger generations in the workforce, seeking their perspectives on new technology, and leveraging their insights to drive higher retention and engagement.
As a special takeaway from this episode, managers are encouraged to actively seek and act on younger or newer employees' suggestions, as they often bring fresh perspectives and innovative ideas that can drive organizational growth and success.
To connect with Kerrie Jordan and tap into her knowledge, visit epicor.com or find her on LinkedIn at Kiejordan. Don’t forget to check out her Manufacturing the Future podcast for even more valuable insights and discussions on the evolving landscape of manufacturing technology.
In conclusion, this episode has shed light on vital strategies for boosting workplace morale, the growing significance of technology in manufacturing, and the imperative need for upskilling and sustainability initiatives. With the actionable insights provided by Kerrie Jordan, organizations can navigate the evolving manufacturing landscape with confidence and drive tangible benefits for their workforce and operations.
Tune in to The Manufacturers Network Podcast for more engaging discussions and expert insights from industry leaders like Kerrie Jordan as we continue to explore the future of manufacturing technology and its impact on businesses worldwide.
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Contact Micki Vandeloo: [email protected]
In this episode of The Manufacturers Network Podcast, Micki Vandeloo and I discussed the challenges manufacturers face in accessing grants, specifically regarding limited representation from state economic development organizations and the difficulty in finding comprehensive grant information on their websites. These challenges are compounded by the complex application process, which varies in complexity based on the size of the grant.
Micki Vandeloo is President of Lakesview Consulting, and she shared invaluable expertise in helping manufacturers secure grants, drawing from his 25 years of experience in manufacturing and grant writing. Through Lakesview, Micki and her team have successfully obtained over $100,000,000 in grant funding for manufacturing clients, shedding light on the crucial role of consulting services in navigating the intricacies of grant applications.
The podcast also highlighted the significance of grants in various areas such as workforce and training, high technology equipment purchases, facilities and capital, energy efficiency, proof of concept, exporting, and recycling. The discussion shed light on the importance of fostering interest in manufacturing careers early on, as exemplified by initiatives like the STEM Goes Red for Girls program and summer camp programs introducing students to manufacturing careers.
Lessons Learned:
1. Grant Application Complexity: The grant size corresponds to the level of detail and documentation required. Manufacturers must pay careful attention to specific application requirements, such as word count, font size, and inclusion of relevant information, to avoid rejection.
2. Importance of Consulting Services: Professional grant consulting services, like those offered by Lakesview, play a vital role in helping manufacturers navigate the grant application process, increasing their chances of securing funding.
3. Early Career Exploration: Initiatives focusing on engaging students in manufacturing and STEM fields from a young age can significantly influence career paths and address the talent gap in these industries.
Key Themes:
- Manufacturers' Challenges: Accessing grants can be challenging due to limited representation from economic development organizations and the complexity of the application process.
- Professional Assistance: Grant consulting services are crucial for manufacturers to successfully obtain grants, allowing them to fund initiatives and drive success.
- Early Engagement: Initiatives targeting middle and high school students aim to spark interest in manufacturing and STEM fields, tackling the talent gap at its roots.
This episode underscores the significance of grant funding for manufacturing and STEM education, providing valuable insights for manufacturers and industry professionals seeking to secure grants and develop talent pipelines. For more information and to access consulting services, visit their website or reach out via email at [email protected]
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In this episode of the Manufacturers Network Podcast, host Lisa Ryan chats with John Conafay, co-founder and CEO of Integrate, about leveraging digital platforms to enhance collaboration, streamline processes, and drive efficiency in manufacturing. John shares insights from his background in the space industry and how it led to the creation of Integrate, emphasizing the importance of effective communication and context in the hardware engineering landscape.
You can contact John Conafay personally on LinkedIn. Alternatively, you can visit the Integrate website at integrate.co and sign up for a free trial. During the trial, you will have access to online training, an onboarding process, and live demos to learn more about the platform.
Key Themes:
1. Collaboration in Hardware Engineering: John highlights the crucial role of collaboration in building ambitious machinery and the challenges posed by existing software tools designed primarily for software engineering.
2. Digital Platform Benefits: The discussion revolves around the impact of digital platforms in improving communication and project management and reducing risks associated with fragmented systems and lack of context.
3. Real-world Case Studies: John shares a compelling case study demonstrating how implementing a digital platform streamlined communication between customers and manufacturing engineers, enhancing efficiency and customer satisfaction.
4. Integration Solutions: The conversation delves into integrating disparate systems, how they benefit organizations, and the importance of considering scalability in choosing a digital platform.
Lessons Learned:
- The significance of context and effective communication in manufacturing processes.
- Recognizing signs of operational inefficiencies due to fragmented systems.
- Considerations for integrating digital platforms and the impact on production speed, accuracy, and cost efficiency.
- Leveraging technology, such as cloud computing and AI, for simulation, security, and institutional knowledge retrieval.
Fun Fact:
John Conafay's background includes a diverse journey from the US Air Force to the space industry, highlighting his unique perspective on integrating software solutions in hardware engineering.
#ManufacturingEfficiency #DigitalPlatforms #CollaborationInEngineering #HardwareEngineering #CloudComputing #AIInManufacturing #IntegratedSystems #OperationalEfficiency #BusinessOptimization #InnovationInProduction
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The episode features guest Jason Anthoine, a leading expert in internal communications and culture change with over 35 years of experience. Jason started by sharing his background and the motivations that have led him to his current role.
Lessons Learned and Key Themes:
1. Understanding Employee Experience: Jason recounts his upbringing and how his fascination with work led him to delve into internal and employee communications fields. His insights emphasize the importance of creating a work environment where employees feel valued and recognized for their contributions.
2. Challenges of Engaging Manufacturing Employees: Jason highlights the challenges manufacturing companies face in reaching employees who are not digitally connected throughout their workday. He emphasizes the significance of face-to-face communication and its impact on frontline employees.
3. Reimagining Organizations to Attract and Retain Talent: Jason challenges the common misconception that turnover in organizations, particularly in manufacturing, depends solely on external factors like higher-paying job offers. He discusses the importance of helping employees understand their contributions to the organization's larger purpose, building engagement and pride in their work.
4. Advantages and Lessons for Companies of Different Sizes: Jason draws comparisons between large and small manufacturing companies, highlighting the advantages each possesses in employee engagement. He emphasizes the need for smaller companies to adapt strategies from larger organizations to create impactful internal communication practices.
5. Employee Engagement vs. Trust: Jason offers a unique take on employee engagement, questioning its common understanding and measurement. He emphasizes the significance of fostering trust within organizations and the impact of genuine, open communication in building and maintaining it.
6. Creating an Open Dialogue Around Culture: Jason stresses the importance of involving employees in shaping the organizational culture. He discusses the importance of initiating conversations with employees to understand their aspirations for the company's culture, emphasizing the significance of collective input and dialogue.
Contact Information for Jason:
- Website: Jason Anthoine, https://www.jasonanthoine.com
- LinkedIn: Jason Anthoine on LinkedIn, https://www.linkedin.com/in/jasonanthoine/
- Podcast: Riding Shotgun with Jason Anthoine
This episode of The Manufacturers Network Podcast offers valuable insights into the significance of trust, open dialogue, and employee involvement in shaping a positive workplace culture.
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In this episode of the Manufacturers Network podcast, Alex Kinderknecht provides valuable insights into enhancing gas analysis and emissions monitoring products, which are crucial for industries such as steel and refineries. He shares his journey from manufacturing analyzers in Germany to his role in research and development, technical support, and eventually becoming the president of the American office.
Alex discusses some common mistakes consumers make, such as neglecting regular maintenance of gas analyzers. He emphasizes the importance of understanding regulatory changes and the need for continuous monitoring and maintenance of emissions. Further, he talks about the growing regulations on emissions monitoring and the need for companies to adapt rapidly.
He delves into new advancements in gas analyzer technology, emphasizing the development of wireless data communication capabilities to analyze data and provide a comprehensive diagnostic feature for preventive maintenance. He also highlights the importance of customer service and strong after-sales support in optimizing the industry's processes.
The significant role of gas analyzers in promoting environmental sustainability becomes evident in Alex's explanations of how the raw data provided by their products can help companies optimize their processes and reduce their environmental impact. Examples of how their products have helped clients optimize their processes and comply with regulatory standards showcase the impact of their work.
The conversation offers valuable lessons about the evolving regulatory landscape, the need for continuous monitoring and maintenance of emissions, and the crucial role of gas analyzers in promoting environmental sustainability. Additionally, Alex's emphasis on customer service as a key component of their offerings highlights the importance of strong after-sales support for industrial products.
Key themes include the crucial role of gas analyzers in ensuring compliance with regulatory standards, the evolving regulatory landscape in emissions monitoring, and the importance of customer service and support in optimizing industry processes for environmental sustainability.
You can contact Alex Kinderknecht on LinkedIn to learn about gas analysis and emissions monitoring. Additionally, you can reach out through their website at mruinstruments.com for inquiries about MRU Instruments' products and services. Alex actively monitors customer feedback to ensure that everyone is well-served, and he is always ready to assist with any inquiries or support needs.
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In this episode of The Manufacturers Network Podcast, Lisa Ryan interviews Berk Birand, the CEO of Fero Labs, about the intersection of manufacturing and explainable AI. Berk shares his background as an engineer and his journey from developing algorithms for telecommunications to co-founding Fero, where the focus is on sustainability in the manufacturing industry.
Key takeaways from our conversation with Berk Birand:
1. The Importance of Sustainability in Manufacturing: Sustainability is a significant concern for manufacturing companies, and many are working hard to reduce their emissions and improve efficiency. Berk explains how Fero's mission is to help companies achieve both profitability and sustainability through the use of AI and data.
2. Efficiency and Sustainability: Berk describes how Fero's AI-driven approach helps reduce waste and improve efficiency in manufacturing, citing examples within the steel and chemicals sectors. Companies can use AI to optimize processes to enhance their profitability while reducing their carbon footprint.
3. Understanding AI in Manufacturing: Berk demystifies AI, explaining that it is a tool for extracting complex patterns from large datasets. He emphasizes the role of machine learning in deciphering intricate manufacturing data and providing valuable insights for optimization.
4. Continuous Learning in AI: AI models in the industrial sector need continuous retraining to adapt to production, raw materials, and asset degradation changes. This ongoing learning process ensures that the AI's predictions remain accurate and valuable for manufacturers.
5. Challenges and Opportunities in AI Adoption: Convincing the manufacturing industry to adopt AI technologies requires building trust through explainable, white-box machine learning models. Berk emphasizes the need for AI to be a reliable and transparent tool that supports, rather than replaces, the expertise of engineers and operators.
Actionable ideas for listeners:
1. Start from the Problem: Identify specific challenges in manufacturing processes, such as quality issues, and assess the potential for leveraging explainable AI to complement existing tools.
2. Data Assessment Verify the availability of reliable data that can drive AI solutions, ensuring that the quality of input data aligns with the desired accuracy of AI predictions.
3. Exploring AI Solutions: Consider contacting experts and conducting feasibility studies to understand how AI technologies, like Fero's, can be tailored to specific production needs.
Fun facts:
- Fero Labs focuses on a wide range of industries, including steel, chemicals, and general process industries, showcasing the broad applicability of AI in diverse manufacturing sectors.
- Berk highlights the potential for AI to assist in knowledge transfer within the manufacturing industry, leveraging the expertise of experienced workers and aiding in the training of new engineers.
Engage with Fero Labs:
If you're interested in exploring AI solutions for your manufacturing processes, contact Fero Labs via their website at ferolabs.com. Their team is ready to discuss the feasibility of integrating AI into your production environment.
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In this episode of The Manufacturers Network Podcast, guest Mary Cecile Neville (MC) joins host Lisa Ryan to discuss manufacturing best practices, focusing on collecting data and workforce development. They delve into the importance of emotional intelligence in the industry and highlight cultural aspects such as collaboration, empathy, and inclusivity. The conversation touches on emerging trends in manufacturing, digital transformation, and the significance of passion in attracting and retaining employees. Additionally, MC Neville and Lisa Ryan share personal interests and reflections on the rapid advancement of technology in the industry. Stay tuned to hear more about the impact of manufacturing technology and the passion driving this crucial industry forward.
Lesson Learned:
The conversation underscores the significance of creating a workplace culture that values collaboration, empathy, fun, passion, emotional intelligence, flexibility, and inclusivity. Listeners gain valuable insights into these elements' vital role in driving organizational success and nurturing a robust and motivated workforce.
Key Themes:
- The rapid advancement of technology in the manufacturing industry
- Balancing productivity, stress, and humor in the workplace
- The pivotal role of passion in attracting and retaining employees
- Recognizing the significance of seemingly mundane industries
- The value of in-person events and the need for empathy and emotional intelligence in the workplace
Fun Facts:
2024 marks the 10th anniversary of the first 3D-printed car, the Strati, built at IMTS in 2014.
- An exhibit at INTS and a student summit with speakers and exhibitors, including NASA and Boston Dynamics, are on the horizon.
- MC Neville's background in ski and snowboard organizations has greatly influenced her approach to leadership and workplace culture.
The IMTS, the largest manufacturing technology show in the Western Hemisphere, is held in Chicago every two years. It showcases diverse industry sectors and emerging technology.
Manufacturing best practices, Workforce data collection, Cultural aspects in manufacturing, Emerging trends in manufacturing, Digital transformation, Workplace culture, Emotional intelligence in the workplace, 3D printing technology, Chicago manufacturing technology show, Employee retention, Organizational success
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This week's guest is Dan Shea, Managing Director at Objective, who will discuss mergers and acquisitions in the manufacturing sector. With over 30 years of success in M&A, particularly in manufacturing businesses, Dan shares expert insights into the key factors driving value in manufacturing businesses, preparing companies for potential sales, and the current state of the M&A market.
Key Themes:
1. Factors Driving Value in Manufacturing Businesses:
- Proprietary Aspects: Dan emphasizes the importance of uniqueness in manufacturing businesses, including intellectual property, manufacturing know-how, technology, brand recognition, and strong customer relationships.
- Operational Efficiency: Buyers seek companies that operate efficiently, generate ample profits, and demonstrate a competitive edge in manufacturing their products.
2. Reasons for Selling Manufacturing Businesses:
- Succession Planning: Many business owners consider selling when there is no clear succession plan or next-generation leadership to take over the company.
- Baby Boomer Transitions: With many baby boomer business owners reaching retirement age, selling businesses becomes a natural transition.
3. Preparing for a Successful Sale:
- Strategic and Administrative Preparation: Dan discusses the importance of strategic planning, investment in facilities and equipment, workforce management, diversification, and compliance with safety and environmental standards.
4. Ensuring a Smooth Transition:
- Confidential Nature: Dan emphasizes confidentiality during a potential sale to prevent undue worry and uncertainty among employees, customers, and suppliers.
- Employee and Customer Considerations: Dan highlights the importance of maintaining employee and customer trust during the transition by ensuring their well-being and minimizing potential disruption.
Lessons Learned:
- Mergers and acquisitions in the manufacturing sector require intricate planning, strategizing, and a meticulous understanding of the business's value drivers and market dynamics.
- Securing trustworthy advisors, including lawyers and investment bankers, is crucial for navigating the sale process and maximizing the value realized from the transaction.
Fun Facts:
- Dan shares an anecdote about a client's surprise at receiving an unexpectedly high number of offers for their business while highlighting the potential for success in the sale process.
- The impact of nearshoring on manufacturing businesses is illustrated through a real-world example of a Mexican company benefiting from transferring volumes to their Mexican operations due to customer proximity.
Keywords:
Manufacturing businesses, Mergers and Acquisitions, Manufacturing sector, Business value, Strategic planning, Succession planning, Baby boomer transitions, Business sale preparation, Confidentiality, Business transition, Investment advisors
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In this episode, Lisa Ryan is joined by special guest Tom Geiss, the founder of GD&T Basics and a certified senior-level ASME Geometric Dimensioning and Tolerancing professional. Tom shares his journey from being an engineer in the automotive world to creating GD&T Basics, a resource that has empowered countless professionals in the engineering industry. He delves into the importance of standardizing communication and the practical use of GD&T, shedding light on the critical role of GD&T in revolutionizing the manufacturing industry's efficiency and standardization.*
**Lessons Learned:**
- Standardizing communication is crucial in preventing costly manufacturing issues and ensuring clear and confident communication in the engineering industry.
- GD&T is not just jargon; it is a language of precision that simplifies complex geometric requirements and provides a standardized way of defining functional geometric requirements.
**Key Themes:**
1. *Impact of Standardization:* Tom discusses the impact of specializing in niche areas and its benefits to individuals and companies. He highlights the significance of standardizing communication through GD&T in the engineering and manufacturing industry.
2. *Real-World Simplification:* The approach of GD&T Basics in simplifying GD&T through a real-world 80-20 training approach. It focuses on relating GD&T concepts to how professionals engage with them daily, making the learning process more accessible.
3. *Remote Team and Company Culture:* Tom emphasizes hiring for culture fit and self-motivation in a remote work environment. He discusses how virtual meetings, regular check-ins, and in-person meetups contribute to maintaining a cohesive company culture.
**Fun Facts:**
- Tom Geiss and his team at GD&T Basics have developed an outstanding culture of self-motivated individuals who work cohesively in a remote environment.
- The GD&T Basics team is a small yet powerful group of nine individuals who have successfully worked with many companies, from small machine shops to major global entities like Honeywell, SpaceX, and Disney Imagineering.
In this engaging episode, Tom Geiss shares his profound insights into the world of engineering and manufacturing and the human side of building a successful company and team. If you want to learn more about geometric dimensioning and tolerancing or want to connect with Tom Geiss, visit gdandtbasics.com or find him on LinkedIn!
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In the latest episode of The Manufacturers Network Podcast, Lisa Ryan dives into the world of roofing and construction with an expert in the field, Heidi Ellsworth, the president of Roofers Coffee Shop. With over 30 years of experience in the industry, Heidi shares invaluable insights, addressing crucial topics such as inclusivity and diversity, safety, and the roofing industry's future. Join us as we explore the key takeaways from this enlightening conversation.
Key Themes:
1. Inclusivity and Diversity:
The roofing industry recognizes the importance of inclusivity and diversity in retaining employees. Understanding different cultures and providing inclusiveness through bilingual efforts and translators is crucial for fostering a supportive work environment.
Lesson Learned: Companies are investing in English as a second language training, leadership training in Spanish, and utilizing technology for effective communication, emphasizing the value of understanding and catering to diverse workforce needs.
2. Safety and Employee Retention:
Safety is a significant concern, especially for immigrant workers. Companies are actively promoting a culture of safety through education and involving employees' families in safety discussions. This approach not only ensures a safe work environment but also contributes to enhanced employee retention.
Lesson Learned: Efforts to prioritize safety and involve employees in safety protocols are pivotal for creating a positive and long-lasting work culture.
3. Attracting Young Talent:
Initiatives such as SkillsUSA incorporating roofing competitions and curriculum into trade schools aim to make the roofing industry a viable career option for younger generations. The industry is actively working to attract young talent by showcasing the opportunities and potential for growth within roofing and construction.
Lesson Learned: By investing in programs that appeal to younger generations, companies can proactively contribute to building a skilled workforce for the future.
4. Technology Advancements:
he roofing industry is undergoing a technological transformation. From adopting project management software and drones for roof inspections to incorporating AI for instant quotes and upcoming robotics for shingling roofs, technology is revolutionizing the way business is conducted within the industry.
Lesson Learned: Embracing technological advancements is essential for staying competitive and efficient in a rapidly evolving industry.
5. Work Flexibility and Gratitude:
Flexibility in work schedules, remote work policies, and a culture of intentional gratitude and appreciation for employees have been key factors in improving business and industry involvement. The focus on work-life balance and gratitude has positively impacted employee morale and productivity.
Lesson Learned: Prioritizing work flexibility and expressing gratitude towards employees can significantly enhance individual and organizational well-being.
Fun Facts:
Heidi Ellsworth's commitment to the roofing industry stems from its family-oriented nature and her passion for sharing the stories of the people and families within it.
- Contractors in the roofing industry stand up for their crews and promote a culture of respect and care for their workers.
The Roofing Alliance works with construction management schools across the country and holds a student competition in which undergrad or graduate construction management students compete as if they own their own roofing company.
- Gen Z students are encouraged to consider roofing careers due to high earning potential and entrepreneurial opportunities.
Heidi Ellsworth's insightful conversation illuminates the importance of inclusivity, safety, technological advancements, and employee well-being in roofing and...
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Connect with Ann Franz: [email protected]
In this episode of the Manufacturers Network Podcast, host Lisa Ryan welcomes guest Ann Franz, the executive director of the Northeast Wisconsin Manufacturing Alliance. Ann has been instrumental in spearheading initiatives to promote and elevate the manufacturing sector in Northeast Wisconsin since 2006.
Key themes:
1. Importance of Changing the Image of Manufacturing: Ann shares how she and her team work tirelessly to change the negative perception of the manufacturing industry, ensuring that younger generations are aware of the clean, bright, and innovative nature of modern manufacturing facilities.
2. Collaborating with Educational Institutions: Ann describes the challenges and successes of building relationships with educational systems to expose students to the world of manufacturing. She shares initiatives like the Get Real Math program to demonstrate the real-world applications of math in manufacturing.
3. Addressing Industry Challenges: Ann discusses the need for a skilled workforce in manufacturing and describes the efforts made to address this, such as investing in technology and productivity gains through Industry 4.0 initiatives. Additionally, she highlights the importance of soft skills and employability skill training for students.
Lessons Learned:
- Engaging industry leaders is key to driving change in the manufacturing sector, and it's essential to have individuals dedicated to implementing the vision and ideas generated by industry stakeholders.
- Starting small and executing 1-2 initiatives masterfully can lead to further stakeholder excitement and engagement.
Fun Facts:
- Ann Franz's journey in promoting manufacturing began with her first job as a receptionist in a manufacturing company during high school.
- The Northeast Wisconsin Manufacturing Alliance has given over half a million dollars in college scholarships and has seen significant enrollment increases in manufacturing-related programs in educational institutions.
Ann Franz's dedication to promoting manufacturing in Northeast Wisconsin has led to tangible changes in perceptions, growth in educational programs, and increased engagement from industry players. Through her collaborative efforts with academic institutions and industry leaders, she continues to drive positive change in the manufacturing sector.
For more insights into advancing the manufacturing industry and promoting partnerships between industry and education, visit the Northeast Wisconsin Manufacturing Alliance's website or contact Ann Franz at [email protected].
Tune in to the Manufacturers Network Podcast for more inspiring stories and valuable insights from industry leaders.
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In this episode, Lisa Ryan interviews Gareth Evans, the CEO and founder of VECKTA, a platform and team of experts that accelerates and simplifies the deployment of on-site energy solutions for businesses globally. With 20 years of experience in the energy and resources sectors, Gareth shares valuable insights into the energy transition, clean energy alternatives, and the future of sustainable energy solutions in this captivating discussion.
**Key Themes and Takeaways**
1. Gareth’s Unique Journey: Gareth shares his unexpected and diverse journey, from aspiring to be a fast jet pilot in the Air Force to becoming an expert in the energy and resources sectors.
2. The Birth of VECKTA: Inspired by his experience supporting ExxonMobil and others after the 2nd Gulf War, Gareth’s mission was to provide clean, reliable, and affordable power, leading to the establishment of VECKTA in 2019.
3. What VECKTA Stands For: Gareth breaks down the meaning of VECKTA, derived from the word “vector.” VECKTA symbolizes providing magnitude, direction, and scale to the energy transition, focusing on creating sustainable solutions.
4. Energy Transition and Business Impact: Gareth explains that businesses must produce more products, more reliably, at lower costs, and in a cleaner way to win or retain contracts despite increasing energy costs and decreasing reliability in the aging power grid.
5. Role of Government Policies: Gareth discusses the impact of government policies and regulations, highlighting incentives and mechanisms that support businesses in transitioning to distributed on-site energy assets.
6. Digital Technologies and Data: The rise of digital technologies, data, and analytics transforms how businesses manage and optimize their energy use, enabling businesses to make informed decisions to reduce energy costs.
7. Energy Efficiency Priorities: Gareth emphasizes the importance of energy efficiency, ranging from behavioral changes to technological solutions, and highlights opportunities for businesses to reduce energy consumption and costs through various strategies.
8. Clean Energy and The Role of Gas: Gareth dispels common misconceptions about clean energy, emphasizing the importance of tailoring energy solutions to a business’s specific needs, even if that includes transitional fuel solutions such as gas, which can be cleaner and more cost-effective.
9. Lessons Learned and Opportunities: The episode concludes with a powerful message from Gareth, encouraging businesses to embrace the energy transition as a massive opportunity to differentiate themselves, drive operational and cost efficiencies, and contribute to sustainability.
**Lessons Learned**
- Business leaders are being expected to produce more products reliably, cost-effectively, and sustainably, necessitating a shift towards cheaper, more reliable, and sustainable energy outcomes.
- Embracing energy transition presents a unique opportunity for businesses to stand out by optimizing energy solutions, reducing costs, increasing resilience, and proactively meeting sustainability goals.
**Fun Facts**
- Gareth shares how solar systems are being deployed even in unexpected regions with low sunlight, highlighting the surprising potential for solar energy generation.
- Businesses can take advantage of energy as a service contract, where an entity will finance, build, operate, and maintain energy solutions, offering a hassle-free pathway to securing sustainable energy at a fixed cost.
To learn more about VECTA and energy transformation, visit [www.veckta.com](www.veckta.com) and the Renewable Rides podcast for more exciting information about sustainable energy solutions.
Tap into Gareth Evans’ expertise and stay connected on LinkedIn for the latest...
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In this episode, Lisa Ryan is joined by Andrew Lane and Abby Wurzbach to discuss the creation and mission of the Young Manufacturers Network. Abby shares how the network was established and its goals in providing a space for young professionals to connect, develop skills, and adapt to new technologies in the manufacturing industry. Andrew emphasizes the importance of encouraging collaboration and preparing young manufacturers for future challenges.
- Abby's career transition from education to business and her impactful experience at ManTec led to the founding of the Young Manufacturers Network. The network seeks to help small and medium-sized manufacturers grow and stay competitive through resources and networking opportunities. It offers a platform for sharing innovative ideas, professional development, mentorship, and community building.
- The hosts delve into the importance of OSHA and safety training, mentorship, and communication between different generations in the manufacturing industry. They highlight the development of a mentoring program to pair younger manufacturers with industry veterans for knowledge transfer and address the communication gap between digital native younger employees and legacy employees with technological knowledge.
**Fun Facts**
- Abby Wurzbach transitioned from education to joining her father's manufacturing company as a sales and marketing intern, eventually founding the Young Manufacturers Network.
- Andrew Lane transitioned from working as a correction officer to the staffing industry, focusing on office professional and manufacturing positions, before joining ManTech to support small and medium-sized manufacturers.
**Lessons Learned**
Building the Young Manufacturers Network involved gathering feedback from industry veterans, friends, and young people and shaping the network's direction through a focus group.
- Valuable elements from existing associations were identified and adapted to groom and grow young manufacturers within the network.
**Key Themes**
- The Young Manufacturers Network aims to provide a sense of belonging and a networking platform for professionals aged 21 to 40.
- Mentorship, skill development, communication across generations, time management, and community building are vital components of the network's offerings.
- Collaboration with local Manufacturing Extension Partnerships (MEPs) and the encouragement of buy-in from organizations play pivotal roles in the network's success and the thriving of the manufacturing industry.
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Lisa Ryan is joined by Glenn Akramoff, CEO of Akramoff LLC, who brings over 30 years of industry expertise. Glenn shares transformative strategies for revolutionizing human-centered manufacturing, emphasizing the importance of aligning personal and organizational goals. He delves into building winning teams, fostering a positive workplace culture, and developing strategies to keep employees motivated and valued.
From his extensive municipal government background, Glenn provides practical approaches to creating cohesive teams and addressing generational opportunities. Discover how purpose-driven leadership shapes successful manufacturing environments and how veteran workers can pass their legacy to younger generations through mentorship. Glenn and Lisa explore actionable steps for adapting to evolving workforce expectations while balancing generational diversity.
Key Takeaways:Purpose-Driven Leadership: Align organizational goals to inspire employees.Team Building: Foster collaboration across generational divides.Employee Motivation: Empower your workforce to ensure they feel valued.Workplace Culture: Develop a supportive environment that encourages growth.Tune in to hear Glenn and Lisa offer valuable insights for enhancing manufacturing success and maximizing employee engagement.
Lessons Learned:
1. Accountability, fairness, and consistency are essential elements of a positive workplace culture.
2. Leaders must actively assess and improve workplace culture, structure, and processes to create a cohesive and motivated team.
3. Recognizing the impact of generational diversity in the workplace is crucial for adapting leadership and motivation strategies.
4. Purpose-driven leadership and human-centered cultures positively influence decision-making, product quality, customer experience, and overall organizational success.
5. Recognizing signs of a dysfunctional environment, such as high turnover and communication issues, is crucial for addressing workplace culture and building strong relationships in the organization.
Key Themes:
- Creating a human-centered workplace culture
- Strategies for fostering a winning team
- Generational diversity in the workplace
- Purpose-driven leadership
- Importance of personal growth and support for leaders
- Recognizing signs of a dysfunctional environment
- Montre plus
