Month: November 2021

SWOT

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Strengths, Weaknesses, Opportunities, Threats (SWOT) for Employee Retention and Recruitment 

What is your brand? Why should people want to work for your company? How can your brand improve? A SWOT analysis can help answer these questions — your employee retention and recruitment may count on it. Your company’s brand can affect employee retention and recruitment. The brand may be by design or default and creating a Strengths, Weaknesses, Opportunities, Threats (SWOT) analysis can give you insight as to what your brand actually is, ways improve your brand and ways to use your brand to retain and recruit employees.

Create a SWOT Analysis
Create four columns on a piece of paper or download the template at PMPA.org/SWOT. Consider the statements below and list the appropriate ones in the proper column. Feel free to add any statements. It’s important to be honest when considering the statements or this effort is futile.

DOWNLOAD SWOT TEMPLATE

PMPA Business Trends October 2021

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PMPA Business Trends October 2021

 

Industry Sales Index Remains Unseasonably High- We Are Meeting Demand!

 

“PMPA’s Latest Business Trends Report for October reflects both a current and ongoing positive reality for our precision machining shops, and the Industrial Production Market we serve. Our performance and sentiment indicators this month justify our continued optimism about the markets and employment prospects for our precision machining industry going forward. They are remarkably high going into this first month of this final Fourth Quarter.”

Despite expected seasonal slowdowns, PMPA’s October Business Trends Report posted its third highest value ever at 149. Sentiment indicators remained level or softened slightly,  but maintained high positive values for the next three months. While hours of work scheduled reduced slightly, 63 percent of responding shops scheduled overtime in October.

 

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PODCAST – Why and What Do Our Customers Buy From Us

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Released November 29, 2021.   

Miles Free & Carli Kistler-Miller discuss the Why and the What that our customers are actually buying from our precision machining shops as well as some value adds to help you satisfy your customers going forward.

 

 

WEBINAR – Real-time Automated Production Intelligence with No Operator Input Presented by Datanomix

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Real-time Automated Production Intelligence with No Operator Input

 

Tuesday, December 14, 2021 | 11AM

 

Automated production intelligence from Datanomix is the evolution of production monitoring, offering deeper insights without the need for any operator input. By simply connecting to your CNC machines, Datanomix collects and analyzes the data in real-time, and uses machine learning to provide information on machine utilization, cycle times, parts per hour, and machine alarms in dashboards your operators use to understand what’s happening on their machines right now. And, over time, Datanomix unveils insights into total factory performance, allowing management to make better decisions around job costing, hiring, and capital expenditures.

Speaker: Seth Shufro – Datanomix Solutions Engineer

Over 6 years of manufacturing industry experience including 5 years of Metrology expertise.  Prior to Datanomix, worked as a 3D Applications Engineer, Product Manager, and Sales Manager for a US based distributor as well as a Swiss manufacturer of Quality Inspection equipment. 

 

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PMPA/ITR Economics Forecast Report November 2021

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 PMPA/ITR Economics Forecast Report November 2021  

 

Enjoy the View- From the Top?

The ITR Economics Report for November 2021 just arrived and six of seven indicators are looking like the top according to their forecasting models. Our latest PMPA Business Trends Report similarly hit an new record of 157 (in 2010, after recovering from the Great Recession, our index was 100).

Slowing growth is on the horizon- and just in time as our shops- and the US economy- simply cannot  maintain the current rate of growth. Supply chain issues, as well as labor and other demographics are moderating factors. And factors that will not quickly be resolved. Consumer demand remains strong, so  many segments will avoid out right contraction.

There is much you can do to position your shop for success in a slowing growth market environment.

In our shops, building culture,  investing in training across all performers, and mastering the current supply chain might be the top three priorities to position for success in the calendar quarters ahead. Why wouldn’t we want our shops to be the preferred place to work, and supplier of precision machined parts- in our zip code?

 

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The Institute for Trend Research (ITR) quarterly reports focus on major areas of economic growth and decline in key market segments for the Precision Machined Products Industry. They are provided to PMPA members as part of the association’s overall business intelligence program and are used as a management tool to help PMPA members plan for what lies ahead and which markets they should focus on in a complex manufacturing environment.