6 Big Advantages of Using CNC Machining for Your Business

What are the advantages of using CNC machining for your business? Fishbowl Blog

Embracing the power and potential of CNC equipment is an appealing option for all sorts of small, ambitious businesses. However, the cost of acquiring such machinery can be prohibitive, at least in theory. To help you overcome concerns and see the value that CNC machining represents, here are a few of the fundamental advantages that will justify your decision to invest in this tech.

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3 Ways AI and IoT Improve Manufacturing

3 ways AI and IoT improve manufacturing, Fishbowl Blog

Industry 4.0 technology is having a major impact on the manufacturing sector. Artificial intelligence (AI) and smart devices have enabled a range of new technologies, maintenance strategies, and management techniques.

A growing number of factories are adopting smart tech and investing heavily in AI solutions. Over the next few years, an increasing number of facilities will likely come to depend on both AI and Internet of Things (IoT) technology to improve performance and conduct site maintenance.

These three applications of Industry 4.0 tech show the impact AI and IoT are having on manufacturing — and how the sector is likely to transform in the near future.

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Top 4 Trends in Manufacturing That Will Impact Your Business

Manufacturing Trends
Major trends are changing the manufacturing industry, Fishbowl Blog

Winter storms raging across the country, disrupted supply chains, and COVID-19 have been serious obstacles to the success of the manufacturing industry over the past year. A perfect storm of economic destruction has wiped out some manufacturers that either weren’t able to adjust or witnessed a dearth of demand for once-popular products that decimated their markets.

It’s not all doom and gloom, though. Many manufacturers face these unprecedented challenges by flexibly using new strategies and advanced tools. Here are the top four manufacturing trends that you can take advantage of to dramatically turn things around for your business.

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2021 Sales Tax Changes Report Examines New Business Trends and Shifting Tax Landscape

Repost from Avalara

Avalara has a 2021 Sales Tax Changes Reports to help businesses.

The COVID-19 pandemic has affected how we learn, shop, socialize, travel, and work. That, in turn, is influencing tax policy.

After employees across numerous industries transitioned to working from home, states struggled to determine the tax implications of a newly remote workforce. As ecommerce sellers struggled to keep up with a surge in sales, states that tax remote sales benefited from a steady source of sales tax revenue. When education and events moved online, the question of how tax should apply to virtual events arose. And so on.

Our 2021 sales tax changes report examines emerging trends in business and tax. As always, it should serve as a resource for business leaders and tax professionals seeking to better understand the ever-shifting tax landscape.

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Why Manufacturing Businesses Need Product Liability Insurance

Liability insurance is one of the protections manufacturers need to have, Fishbowl Blog
Liability insurance is one of the protections manufacturers need to have.

If you’re the owner of a manufacturing company, you are what you produce. What that means is that in every phase of your business’s operation, the quality of your products should be your top priority and main concern. Your products are what define your company, and your company’s reputation depends on the quality of your products. 

But, like any business, there are no guarantees that you are always going to be able to deliver exactly what you’ve promised.

Just as a lawyer can forget to submit an important document and get hit with a legal malpractice claim as a result, your products might not always leave your manufacturing plant in perfect condition or working as they should.

And if a product your company has produced has a defect or malfunctions in a way that leads to third-party bodily injury or property damage, you can expect to be held liable.

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Bill of Materials Module Hotkeys

Improve your manufacturing processes to handle heavier loads, Fishbowl Blog
The Bill of Materials module is the place where manufacturers spend a lot of their time in Fishbowl Manufacturing. And these hotkeys will help manufacturers make even better use of their time in this module. (more…)

Advice for Starting a Manufacturing Business in America

Made in America is back in style in manufacturing, Fishbowl Blog
Made in America is back in style in manufacturing, Fishbowl BlogThe improving American economy is generating many new startup businesses, and chief among the business models are manufacturing operations. It is true that there is a positive outlook for manufacturing in the U.S., even in the short run, but that does not mean any business will be successful without due diligence before beginning production. Just as with any other establishment, it takes solid planning and a good working knowledge of understanding what to expect, especially when considering potential production problems. The general axiom for a business that they do not really start showing a real profit until five years in operations is a true guideline. Of course, this can change when the product carries great demand and has little competition in the marketplace. And even then, planning is vital for long-term success. Here are a few things to consider before setting up shop. (more…)

Should Your Warehouse Be Closer to the Factory or the Customer?

This map shows states in the U.S. that have taxable and non-taxable shipping laws, Fishbowl Blog
The location of your warehouse can play a significant role in your store’s profitability. Consider the example of an e-commerce store selling licensed NBA jerseys. In this case, an L.A. Lakers jersey is more likely to be sold in and around Los Angeles than anywhere else. Stocking this inventory at a warehouse close to Los Angeles is common sense. On the other hand, let us consider a store that sells licensed Disney merchandise online. In this case, the buyers come from all across North America, and even the world. Would you identify your major markets and stock your inventory close to these locations? Or would you stock your inventory close to your manufacturer’s location and ship them to the customer on demand? There are no easy answers here, especially considering that rival stores like Amazon ship their products overnight. Housing your inventory close to the manufacturing location could dramatically increase shipping time, and this puts your store at a disadvantage. At the same time, if your products are made in a country like China, your holding costs here are significantly lower than what it would cost to stock inventory in the U.S. Here are a few factors to take into account when determining the location of your warehouse. (more…)