news: Manufacturers & Distributors
Here’s a brief glance at what you’ll find in the Winter 2012 Issue… To Outsource Or Not? What Manufacturers Should ConsiderWhen done correctly, outsourcing can save manufacturers money and allow them to focus on their core business functions. But it’s important to consider the decision from a strategic and financial standpoint. This article lists questions to ask when deciding whether to outsource, what costs to consider when crunching the numbers, and some of the risks involved. A sidebar offers some tips for getting the most out of outsourcing if the decision is made to go ahead. Accuracy Counts: Make Corrections If Your Inventory Counts Are InaccurateUsing sophisticated inventory management software is supposed to solve the problem of inaccurate counts, but that’s not always the case. Delays in order fulfillment and angry customers are inevitable when a warehouse is plagued by erroneous inventory counts. This article describes a variety of steps to improve inventory accuracy, including the implementation of cycle counting. Smart Strategies for Paring Payroll TaxesCan manufacturers reduce their payroll taxes without shedding employees? It may be possible if they implement certain strategies that can trim their tax burdens and boost their balance sheet. This article offers three such strategies: offering tax-exempt fringe benefits instead of more money; establishing an accountable plan for employee reimbursements; and using independent contractors when possible. Winning the war on wasteDealing with waste often is a costly and frustrating issue for manufacturers, but it doesn’t have to be. This article shows how avoiding waste creation, finding new ways to reuse waste, and making waste smaller can help manufacturers manage it more efficiently, greening their operations while also saving money. A Fresh Perspective on IC-DISCSPresident Obama’s pledge to cut tax benefits on income generated overseas sent waves of anxiety through the manufacturing community in 2009. Even though at press time the tax proposal seems to be on the back burner (presumably because of a large lobbying push against the proposal by the business community), the announcement sparked increased interest in interest charge–domestic international sales corporations (IC-DISCs). By forming an IC-DISC, your manufacturing company may realize substantial tax savings on export-sales income. |
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