Preventive and predictive maintenance are two fundamentally different approaches to keeping equipment in a manufacturing operation running properly. Preventive maintenance (PM) is a well-established strategy based on the idea of performing maintenance on all equipment at regular time intervals. Intervals vary depending on run time, the age of the machine and other factors. At its core, PM is a calendar-driven system.
As a business owner or manager, you already know what a circular economy, or closed-loop economy, model is. However, do you understand all of its benefits? Have you considered how to incorporate it to enhance your business? Here’s a closer look at how closed-loop economy models function and how they may benefit your business.
Whether we want to admit it or not, it’s easy to see that online shopping and online retail has changed the way that people shop for the better. Shopping online, especially while there are still lockdown restrictions throughout the world, is much more safe and convenient than visiting your local retailer. Consumers are able to research and compare a number of products within any given category and make a decision to purchase based on the information they gather. All of these factors have contributed to making online retail such an…
The manufacturing industry is an industry of progress, dating all the way back to the industrial revolution. Manufacturers have had to adapt and turn to innovation in order to produce new products and retain their competitive advantage. In addition to retaining the competitive advantage over their competitors, new products must be created to satisfy the demand of customers. However, with a continuously evolving industry, this can be quite the challenge.
You would like to help your family members from the Germany to move to the United States, however you have a small issue. All the documents they have given to you are all written in Deutsch, a language neither your lawyer nor you really understands. So what’s a good alternative you need to do? Search for the very best translation service in your town. However what must be your requirements in locating this best translation service?
Your whole life you have done things correctly: worked hard, saved and prudently invested your money. Then one day, out of the blue, you receive a letter from your U.S. investment management firm saying they no longer want to work with you because you reside outside of the U.S. Worse yet, they give you 90 days to transfer out your account or risk having your holdings liquidated. Whether it is a taxable or tax-deferred investment account, a forced liquidation and closure of your account can have severe tax consequences.