Weekly Wrap Up for December 1st, 2017

Ultra Consultants is an independent advisory firm for manufacturers who want to transform their business performance with an emphasis on competitive advantages and the ROI on their software investment. Jeff Carr, CEO and Founder of Ultra Consultants leads a team of more than 40 process improvement and software experts to help companies from $10 million to $2 billion identify their desired business outcomes to justify buying and implementing ERP, Product Life Cycle Management, Field Service Management, CRM, Marketing Automation, eCommerce, Warehouse Management, Supply Chain Management, Demand Management, Transportation Management, Advanced Planning and DRP, Finite Scheduling or Manufacturing Execution Systems software. Listen to Jeff Carr explain to Lew Weiss and Tim Grady how Ultra Consultants helps manufacturers across America.

Here Are Some of This Week’s Top Stories in Manufacturing

OPEC Meeting to Discuss Extension of Production Cap

The world continues to revolve around the oil market as some of the most powerful countries rely on this commodity in order to maintain their way of life. Major industry players such as the U.S., Saudi Arabia and Russia can have a widespread impact on this vital market and have in recent years begun to control the supply to match demand in order to help stabilize oil prices and avoid a nosedive which the industry faced in early 2016. OPEC, the Organization of Petroleum Exporting Countries, came up with a plan, with some pressure from the U.S. government, to cap the production of oil and the agreement has helped drive prices back up but this agreement is scheduled to end in March 2018. (Read More)

Airbus, Rolls-Royce and Siemens Partner to Develop Hybrid Plane

Three industry giants are teaming up to make air travel more environmentally friendly and fuel efficient. Airbus, Rolls-Royce and Siemens are combining their efforts to develop a hybrid passenger plane that would use a single electric turbofan along with three conventional jet engines that will run on conventional jet fuel. (Read More)

What Investing in a Workforce Can Do to a Manufacturer’s Bottomline

With cutting costs always on the mind of a manufacturing enterprise, it can be difficult to see the big picture when it comes to investing in talent. Business leaders are actively seeking new ways to keep costs to a minimum and bringing up the idea that investing in employee training and a few key areas throughout an organization is often rejected. However, these actions can actually have the opposite effect. When a business provides employees with training and professional development along with flexible work schedules and competitive wages, it can have a dramatic impact on the bottom line. (Read More)

G20 Steel Summit: First Steps Taken in Overcapacity Situation

In an attempt to avert a trade war, Germany hoped the G20 steel summit this week in Berlin could lead to a breakthrough. German Economy Minister, Brigitte Zypries told reporters on Monday that the European Union would impose countermeasures if the United States opted to impose new tariffs. (Read More)

Women And Manufacturing

Host Jennifer McNelly, President at 180 Skills LLC, interviews Carolyn Lee Executive Director of The Manufacturing Institute, the industry’s premier authority for objective research, education and workforce solutions, and Seema Pajula, Vice Chairman, U.S. Consumer & Industrial Products Managing Partner, Deloitte & Touche LLP as they discuss Women And Manufacturing from their career perspectives and expert knowledge from within well-respected firms in research and consulting. Women represent a solid solution for the ‘skills gap’ and their abilities will drive the closure of the compensation gap. This interview is something many professional women can really relate.

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