Electronics Manufacturer Survey Results are In – Top Business Issues, plus their Effects on Profit
Top Business Issues, plus their Effects on Profit I'd like to thank everyone who took the time to complete this survey from a previous communication! Let's discuss the results and connect the issues to expenses, income, and profitability. To stay in business, all businesses need to be profitable over time. Investopedia is a financial education resource and states: "In April 2018, the average profit margin for companies in the electronics sector was approximately [...]
Overall Equipment Effectiveness, ISO 9001:2015 and Good Business Practices
Overall Equipment Effectiveness is a good measure to understand the availability, performance, and quality output of a piece of equipment - and to satisfy requirements of an ISO Quality Management System. ISO 9001:2015 Clause 7.1.5.1 states: "The organization shall ensure that the resources provided... are maintained to ensure their continuing fitness for their purpose. The organization shall retain appropriate documented information as evidence of fitness for purpose of the monitoring [...]
Risk-based thinking for Business Processes – FMEA and ISO 9001:2015
Many businesses use a form of SWOT analysis to assess risks and opportunities in planning sessions. A FMEA-Failure Modes & Effects Analysis allows process owners to identify and mitigate risks within and between key business processes. Risk-based thinking, the process approach, and the Plan-Do-Check-Act (PDCA) cycle are the approaches and methods to plan and adjust for risk and opportunity and to make adjustments as needed in key processes and products [...]
Study shows average Profit Margin increases of 15 to 25% after earning ISO 9001 Certification
https://www.linkedin.com/posts/jimgoodrich-cpisys-choiceequipment_iso-9001-benefits-and-case-studies-9001-activity-6568149956161531904-ztJu
This is a good primer in Profit & Loss, before Linking Financials to Business Processes
Continuous Process Improvement Systems helps clients improve profit by improving business processes and risk management. https://www.linkedin.com/posts/jimgoodrich-cpisys-choiceequipment_linkedin-activity-6568493515129573376-STPH
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“I can’t begin to thank all of you for assisting us in developing our QMS system. Not only was it totally out of our price range, but to have the professional consulting services that supported us throughout the development process of tailoring it to our company. Not only for making this affordable for small businesses, but to do it in such a way that it makes sense.I’m still blown away knowing that we not only have our ISO9001 but our AS9100! Now we can play/compete with the “big” boys!!!
With deep appreciation, “
You and Victoria did a great job. It was a pleasure working with you through this process and were able to get us ISO certified well ahead of schedule. I appreciate all your help.
Working with CPISYS made it very easy for us to get certified. The roadmap for gathering all the information necessary was clear and the system that resulted is thorough and inclusive.
Jim and Vicki are sharp, adaptable, knowledgeable, and easy to work with. They manage to turn what could be stressful and monotonous compliance efforts into a conversation you look forward to seeing on your calendar. We are in good hands with CPI Systems and cannot recommend them highly enough!
I truly don’t have any items or areas that I could recommend for improvement. The entire organization here places a high value on your service. We at EmbeddedTS are highly pleased with the working relationship we have developed with CPISystems.We have come to rely upon the combined breadth and depth of your knowledge of industry practices to help us grow and develop a keener sense of focus upon the most important business factors to help us continue to succeed in a very competitive marketplace.
You both have altered the pre-existing confrontational mindset into one of positive collaboration.I am sincere when I say that I look forward to our monthly meetings knowing that even when there are challenging topics to discuss I will come away with numerous proactive solutions to implement.