A modern shop management system is one of the most important business tools any manufacturer can have. If you’ve never used this kind of technology before, you may find it difficult to believe that it could become so important to your business. But you do know that it’s essential to seek out the best tools to give your business a competitive edge.
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A shop management ERP system is an essential part of any modern manufacturer’s technology stack. These software systems manage production and inventory, track orders, monitor revenue and oversee staff within an integrated dashboard.
We’ve heard it countless times from industry professionals; the whiteboard on the shop floor has had the same writing on it for days and the information on it is no longer relevant. Or the spreadsheet or current software program is only helpful when everyone using it does so correctly—which isn’t consistent enough to yield accurate data.
When forging ahead in the world of manufacturing, it’s important to have your eye on the competition. While some companies remain strongly focused on what their domestic competition is up to, we’re here to tell you that the international manufacturing market is on the rise and it’s for a very specific reason: technology.
In 2017 manufacturers claimed $6 billion in R&D credits–but only 5% of qualifying companies were claiming those R&D credits. That means lots of companies—maybe yours—are missing out on big savings. We gathered up the top 3 ways manufacturers can claim R&D tax credits and the one best way to maximize those claims.
Delta Research, Delta Gear, and Realtrac have partnered to sponsor the U-9 Jones Hydroplane Racing Team
Delta Research, Delta Gear, and Realtrac have partnered to sponsor the U-9 Jones Hydroplane Racing Team at two races in the H1 Unlimited circuit this season—First, at the Indiana Governor’s Cup (July 1–3) and then at the APBA Gold Cup during the UAW-GM Spirit of Detroit Hydrofest (August 26–28). H1 Unlimited hydroplanes are the fastest circuit racing boats in the world, powered by turbine engines producing 3000 horsepower and topping 200 mph.
Windows 10 has now been released to the market for nearly a year and, by Microsoft’s accounting, it is a massive success. As of early 2016, Microsoft has said that around 280 million computers are now running their latest operating system. Of course, Microsoft contributed greatly to the success by literally giving away the software to most users of Windows 7 and Windows 8, but it’s still a remarkable number.
Realtrac is a fast, real-time system that assists manufacturing companies by managing costs for labor, machinery, and overhead—which leads to faster estimating and more efficient quoting. After implementing the Realtrac software, Labor, Workcenter, and Overhead costing sheets can be generated free of charge to help analyze your costs and pricing. At Realtrac, we recommend analyzing that data periodically to ensure your business is on the right path to achieving goals.