Is your Manufacturing Business Ready to Compete?

It seems that the long-awaited rebirth of American manufacturing is on the verge of becoming a reality. Recent news of potential increases in jobs due to the adopted tax breaks for US manufacturing companies coupled with the increases in manufacturing technology usage to 83.2% are both driving factors to a potential increases in the overall profitability of the US manufacturing sector.

The proposed tax breaks being discussed in Washington could be the financial cushion manufacturing businesses need to move ahead in the coming year. According to the New York Times, “Joint Committee on Taxation estimated that about $75 billion of the tax breaks in the plan were aimed at businesses, including $13 billion for a two-year extension of the coveted research and development credit, which helps cover the cost of wages for employees involved in research. The proposal also commits $22 billion for accelerated depreciation, which in 2011 would allow businesses to write off 100 percent of their capital expenditures immediately instead of over several years.”

Combine this financial benefit with the American Machine Tool Distributors’ Association’s recent reports on drastic increases in manufacturing technology consumption nationwide, and it’s easy to see the path laid before the US manufacturing industry could lead to a rejuvenation of our global position.

“Never in the history of the USMTC have we seen a post-IMTS October rival September so closely,” noted Douglas K. Woods, President of AMT. “Increased Sec. 179 expensing and 50% bonus depreciation enacted in late September helped offset the declines we normally see after a show. Looking ahead, enactment of the pending tax package would give U.S. manufacturers a big boost heading into the New Year.”

So, in laymen’s terms, what does this mean to manufacturing executives around the country?

Executives of manufacturing companies that have not begun the move towards current manufacturing technology need to look into the options that the tax credits offer their business, and apply the financial benefit to a reevaluation of their existing business practices and technology usage.

The manufacturing economy needs to see growth, and growth means improved profits. Manufacturing technology is only real answer to reconstructing manufacturing to streamlined, profitable practices. Talk to a business consultant today about the options and tools available to your manufacturing business so you are ready to make the most of 2011.

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About e3consulting

Welcome to E3 Consulting. As proven experts implementing the latest CRM, ERP and Accounting Software in the Manufacturing and Distribution industries, we have made it the goal of our business to help our clients obtain the bottom line results their individual companies require. Educate, Enable and Empower For companies in the manufacturing and distribution industries, the ability to simplify their business operations is vital to their ability to succeed. E3 Consulting will provide the consultation; technology and the project management tools that companies need to improve their business processes and their bottom line. What We Do Does your company need a revamp of existing business systems? Do you have a technology project that is going beyond time and over budget? Are your costs out of control and productivity lagging? When you contact E3 Consulting, we take a hard look at the reality of your business operations and break it out into segments, to find out which aspects of your business process workflow need attention and which are working as they should be. It is our intent to look at your operations, your accounting, your workflow and your technology and create a cohesive plan that will have your business running effectively and efficiently. Our Process Every company runs differently, and it is those processes specific to your business combined with your workflow goals that give the staff at E3 Consulting the canvas we need to use our long history of business development, project management and technology to map out the path your company needs to follow to improve your bottom line. Think of your business like a lego block structure. Each block that is missing reduces the stability of your company. We can look at your overall operations and use our knowledge of the marketplace cutting-edge technologies to find the blocks that are missing from your overall business concept. We will introduce the right technology tools to improve your operations, and then continue in a project management position as necessary to ensure ongoing smooth operations. Our Experience E3 Consulting has a long and successful history of project management, business operations consultation and technology implementation and management within Manufacturing, Distribution, Service, Healthcare, Finance and Accounting businesses. Principal, Brad Tornberg, is a successful technical and business expert with an MBA in Finance from Farleigh Dickinson University and. He holds Microsoft Certifications for Customer Relationship Management (CRM) sales, implementation and training. He also has a series 6 and series 66 securities license and a New Jersey Life and Health License. He is well published having written many articles for The Practica
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