Traditional approaches to business budgeting often rely on adding or subtracting from previous budgets according to anticipated changes over the coming period. While this approach can provide reasonable budgets, it can also instill the wrong mentality in employees. With the traditional approach to budgeting, people try to make sure they’ve spent their budget so next…
What can a risk manager learn from today’s major recalls and the large amount of media attention they attract? For consumer goods manufacturers and distributors, it serves as a wake-up call to the impact of a product recall event and a lesson in what should be done now to prepare for potential exposures. Despite recall…
Next Generation Manufacturing Canada (NGen) is an industry-led, non-profit organization dedicated to building next generation manufacturing capabilities. It is one of six “superclusters” created from Canada’s Innovation Superclusters Initiative and maintains a pool of funding to award to competitive member-based projects. This pool of funding created the NGen Manufacturing Program, which seeks competitive proposals for…
Canadian automotive manufacturers can accelerate growth by integrating their strategic activities with government funding, but how exactly does it work? How do other automotive manufacturers use government grants and loans to enhance investments and drive organizational success? It can be difficult to visualize the impact of developing and executing a multi-program government funding plan, especially…
Consider this scenario: A customer asks your company to manufacture a part according to certain specifications, which were outlined in a contract. He needs to add the part to his product and ship it to his customers by a set deadline. Your company creates the part, but due to an error that occurs during the…
![[WEBINAR] April 10: Funding to Grow Your Manufacturing Business](https://www.mentorworks.ca/wp-content/uploads/2021/01/bigstock-CNC-Laser-cutting-of-metal-mo-99526940.jpg)
The North American manufacturing industry is poised for growth in 2019 and beyond. Because of this, Canada’s vast supply chain of part manufacturers should explore opportunities to scale operations, become more productive, and improve worker skills to support tech innovation. Fortunately, government funding programs are available to offset the cost of manufacturing growth projects. This…
Canada’s steel and aluminum supply chain faces greater global competition than ever before, and recent international trade disputes have had significant impact on businesses that use these raw materials. Many companies are experiencing cost increases and a more difficult export environment, but this doesn’t mean that Canadian firms using steel and aluminum in their production…
Business process mapping is a lean management strategy that seeks to understand and eliminate sources of waste. Companies often rely on many processes to provide value to customers; by mapping how these processes work, firms can identify which activities add value and which activities cause friction in the process, making it less efficient. While most…
![[WEBINAR] Feb 19: Software Options for Scheduling and Production Efficiency](https://www.mentorworks.ca/wp-content/uploads/2021/01/bigstock-Computer-Security-System-Data-179187151-2.jpg)
Software solutions have the potential to transform automotive and manufacturing businesses, making them more competitive, innovative, and profitable. In an Industry 4.0-led world, efficiency in manufacturing is dependent on listening to the needs of manufacturers. It’s time manufacturers step into the next generation of efficiency without overly complicated systems that fail to evolve. To keep…
Canada’s automotive industry is one of the world’s strongest automotive supply chains. Because of this, Ontario’s vast network of parts manufacturers are exploring opportunities to become more productive, scale operations, and improve worker skills to support technology innovation. Two manufacturing businesses in Windsor, Ontario, Service Mold + Aerospace Inc. and APAG Elektronik Corp., have recently…