Released March 1, 2021
Miles Free and Carli Kistler-Miller review three commitments to sustain success in your shop and explain why, without commitment, neither luck nor talent can assure you success.
Year: 2021
Published March 2021.
By Joe Jackson
Automotive and Light Truck Industry spends $249 billion on materials, components, supplies, minerals and machinery. It’s our industry’s largest market served.
Published March 2021.
By Carli Kistler-Miller
To keep your business going, you need more than workforce, equipment and materials. PMPA Affinity Partners can enhance your workforce safety, protect your investment in plant and equipment, provide lower costs for energy and shipping as well as expedite your quoting process.
PPP: Tax Forms
Refundable Paid Sick Leave/FMLA and Employee Retention tax credits, use the Quarterly income Tax Form 941
To request an advance on the tax credits ahead of the quarterly filing, use this IRS Form 7200
SBA Form 3509
Please note with urgency the SBA Form 3509 is for companies that have a PPP loan over $2 million that amounts to a “needs” test. We have spoken with Senate Small Business Committee staff and they are aware of concerns over this development
Prepare Your Job Shop for the Future of Cybersecurity
American job shops are under siege from cyber-attacks. Every day, phishing and ransomware attacks are disrupting operations at large and small manufacturers. To protect our country’s military advantages, the Department of Defense is rolling out the Cybersecurity Maturity Model Certification (CMMC) to improve the security posture of the defense industrial base. In this webinar, Scott Sawyer, Co-Founder and Chief Technology Officer of Paperless Parts, demystifies these trends and prepare your shop to meet even the hardest CMMC requirements.
VIEW PAPERLESS PARTS CYBERSECURITY WEBINAR HERE
The 5 KPIs Every Manufacturer Should Be Tracking
Akshat Thirani from Amper Technologies
Akshat Thirani, CEO & Co-founder of Amper, an OEE and machine monitoring system designed specifically for precision manufacturers, will cover a variety of key performance indicators that every manufacturer should be measuring. He will also discuss simple solutions to help turn raw data into action, the key difference between leading indicators vs. lagging indicators, as well as how Amper can digitize your factory and replace paper production reports.
Released February 22, 2021
Miles Free and Carli Kistler-Miller overview wear in your shop: how it’s determined and why it happens.
ITR Economics Report for PMPA – February 2021
Transition to Recovery Phase – Optimism in the Numbers
Optimism is the watchword as our precision machining industry transitions from recession to recovery in the business cycle. As the economy recovers, a return of inflation in the equipment and materials sectors can be expected. Don’t overweight the rare pessimistic indictors that you may encounter – there is plenty of evidence for business optimism in the indicators in this report. As your capacity fills, make sure that it is filling with the right mix for your profitability.
Read the full February 2021 report below, as prepared especially for PMPA by ITR Economics.
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.
Released February 15, 2021
Miles Free and PMPA’s Marketing & Event Assistant Joe Jackson share some personal experiences as it relates to profitability and business success. They also explore some examples why you shouldn’t sacrifice your shops earning power on the altar of time justification.