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MakingSparks: Why Numbers are Important for Your Manufacturing Business | Mike Payne Part 2, 407

MakingSparks: Why Numbers are Important for Your Manufacturing Business | Mike Payne Part 2, 407

FromMaking Chips Podcast for Manufacturing Leaders


MakingSparks: Why Numbers are Important for Your Manufacturing Business | Mike Payne Part 2, 407

FromMaking Chips Podcast for Manufacturing Leaders

ratings:
Length:
41 minutes
Released:
May 10, 2024
Format:
Podcast episode

Description

You need to know the “numbers” in your business. Every business owner needs to know that they’re making enough to pay their employees, make and deliver their products, and grow the business. That’s just good business. Non-financial metrics are important, too. A successful business has to focus on quality, safety, customer service, on-time delivery, retention, and even culture. Because if your culture is dialed in, the numbers will prove it. We take a deep look at the different numbers that are important for a manufacturing business to know in this part 2 episode of MakingSparks with Mike Payne.  Also, listen to the end for a BIG announcement. – Matthew Nix Segments [1:00] Recapping part I with Mike Payne [3:13] Everything comes down to numbers [13:59] How to learn the numbers [17:49] How to decide what’s important [26:38] When should you hire someone? [35:20] Introducing “By the Numbers” Resources mentioned on this episode ProFab Alliance Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube
Released:
May 10, 2024
Format:
Podcast episode

Titles in the series (100)

MakingChips is hosted by a set of multi-generational manufacturing leaders who are on the factory floor everyday, living their lives in the world of manufacturing—they know first hand that manufacturing can be challenging. Founders Jim Carr and Jason Zenger released their first podcast in late December 2014—releasing over 300 episodes to-date, reaching more than 650,000 downloads—all while striving to deliver on their mission, to “equip and inspire the metalworking nation.” In 2019, Nick Goellner, another multi-generational manufacturing leader, joined the MakingChips hosts, bringing a third generation of manufacturing leaders to the table. Join the hosts as they work through industry challenges with leaders such as Titan Gilroy (Titans of CNC), John Saunders (NYC CNC), Mark Terryberry (Haas Automation) and more.