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contact : 877-856-8588 • [email protected]

Category Archives: Certification and Compliance

The Business Building Benefits of ISO 9001

The ISO 9001 standard is all about common sense in managing small and midsize manufacturers. The standard ensures overall excellence in how the business is run, a highly important factor in the quality of a manufacturer’s products. Written by customers to ensure that their […]

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Food and Beverage Services

The WMEP offers services designed to help Food & Beverage businesses grow and thrive. Complete solutions include Certification and Compliance, Operational Efficiency, Workforce Development, and finding opportunities for Growth. Whatever the challenge or opportunity may be, the WMEP has the […]

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Crave Brothers benefit through being SQF Certified

Production employees at Crave Brothers Farmstead Cheese in Waterloo follow meticulous daily cleaning routines throughout the plant to ensure the safety of the cheese that it produces and packages. The routines are part of Crave Brothers’ rigorous food safety program, […]

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BEWARE: Allergens Major Source of Food Product Recalls

Allergens create a variety of challenges and can be very costly for food manufacturers when not properly controlled. Although food recalls tied to illness outbreaks tend to garner the most attention, undeclared allergens in food are a leading cause of product recalls. Over a […]

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Beware – Allergens Major Source of Food Product Recalls

Please click the following link to find out why food allergens are a major source of food product recalls:  WMEP-Allergen-Info-Alert-Dorn

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Andy Bonczkowski

Manufacturing Specialist 903.257.8683 [email protected] Andy comes to WMEP with over 15 years of operations experience in manufacturing.  He has successfully led Lean transformations and Six Sigma project teams throughout his career, bringing positive results in Safety, Quality, Delivery and Cost. […]

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ATCAM retains and grows business through ISO 9001certification

Faced with an extremely challenging deadline to implement corrective actions or risk losing a major customer, Andres Thermal Coating and Machine Inc. (ATCAM) turned to the Wisconsin Manufacturing Extension Partnership for assistance. The challenge for the Little Chute manufacturer began […]

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Jerry Thiltgen receives TWI Job Safety Training Certification

I recently received certification from the TWI Institute as a Job Safety Trainer. Why is that important? In my role as a manufacturing specialist for the Wisconsin Manufacturing Extension Partnership, I’m now able to offer additional and important strategic insight […]

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New OSHA Reporting Rules

12JUN2016 WHITEPAPER ON FED-OSHA INJURY/ILLNESSES REPORTING INTRODUCTION NOTE: This article addresses the FED-OSHA requirements to report (not recordkeeping) injury/illness to FED-OSHA. Since the advent of the present Federal Occupational Safety & Health Administration (FED-OSHA) management there have been increasing strides […]

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Lindsey Trickey

Food Processing Specialist [email protected] 920.277.4861 Lindsey brings a strong background in food manufacturing and food safety system implementation to the WMEP. She joined the organization in April 2016 as an associate manufacturing specialist. “I want to work with smaller manufacturers to […]

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Featured Sidebar Content

Congratulations to WMEP ExporTech client

Lucigen Genomics Award Acceptance

Lucigen Genomics wins the 2017Wisconsin Governor’s Export Award

Winner of the 2017 Wisconsin Governor’s Export Award!

 

 

A primary role of a top-level manufacturing executive is to protect the value of their enterprise.

Businesses are typically valued with a multiplier of earnings before interest, taxes, depreciation and amortization, commonly known as EBITDA. The multiplier is driven by the industries in which a manufacturing firm operates, its current and past levels of profitability and how well it manages the risks that could affect the future profitability of the business.

But EBITDA and other factors, such as gross profit, are lagging indicators, making it important to look behind the numbers to get a crystal-clear view of the factors that can affect the value of a business.

The Wisconsin Manufacturing Extension Partnership’s proprietary PRA™ (Profit Risk Assessment) defines the factors that drive profitability and valuation for an organization while helping to identify and proactively manage the risks. It also helps a company’s leadership team come to consensus on areas of greatest opportunity and risk while identifying specific actions that can be taken to improve profitability and value.

Best of all, the low-cost, high-value evaluation is quick and easy to complete.

Several external factors can affect an organization’s profitability and value, including how it matches up with its competitors and whether the competitive environment is becoming more intense.

It’s also important to examine the overall health of the market in which the business competes and defining its key players.

Is a business too concentrated? Is there too high of a stake in a single area?

It’s not uncommon for manufacturers to have a single customer account for 30 percent or more of their overall sales. That points to risk, in a big way. Markets can dry up and customers can change directions or shift their loyalties, potentially leaving your business in peril.

Assessing the value of a company’s brand is also crucial, as is determining whether its products are positioned as a commodity.

Looking behind the numbers at internal factors also figures into the equation. Is the leadership team engaged and do employees understand the company’s vision? Productivity and efficiency of manufacturing operations plays a significant role.

We often get so engrossed in the day-to-day aspects of our businesses that we don’t connect all the dots. It sometimes takes an “aha” moment for our vision to become clear.

The WMEP’s PRA™- Profit Risk Assessment tool is highly objective and examines one dimension at a time. We will probe and prod to get the truth about the factors affecting a company’s profitability and value and reach a consensus on a follow-up plan of action.

It’s vitally important to take a look at what drives the crucial numbers for your business.

For more information on how you can benefit from WMEP’s PRA™, contact George Bureau at [email protected] or 920-450-7185.

Feel free to download and share our info-sheets on PRA™ PLUS and PRA™.


Get to know George Bureau, Director of Growth & Certification Services, North Region

“What drew me to the WMEP is its excellent reputation, the opportunity to work with great people and most importantly the vision and commitment to make a real difference in growing Wisconsin manufacturing through a range of consulting services,” – George Bureau