Industry: Manufacturing
Article
Cash Flow Forecasting: Your Key to Financial Success
If you’re running a business in manufacturing, you're no stranger to the challenges of managing finances. But here's a question: Are you giving your cash flow the attention it deserves? If not, you might miss one of the most powerful tools in your financial toolkit.
Aug 26, 2024
Article
Mastering Your Finances: A Guide to Living Within Your Budget
As we conclude our budgeting series, it’s time to bring together all the insights and strategies we’ve discussed to help you achieve financial mastery. Living within a budget is not just about limiting spending; it’s about empowering yourself and business to make informed financial decisions, setting and reaching financial goals, and ultimately creating a secure and fulfilling financial future
Article
Mastering Inventory Management: The Key to Manufacturing Success
Inventory management is a critical component that can make or break a company's success when it comes to manufacturing. Effective inventory management ensures that you have the right materials, in the right quantities, at the right time, and in the right place. By mastering this essential aspect of your operations, you can reduce costs, improve efficiency, and ultimately, boost your bottom line.
May 27, 2024
Article
Building Your Budget: Moving Forward & Putting It All Together
Welcome to the second installment of our Comprehensive Budget Series. Previously we explored the why, when, and how of budgeting. In this article, we’ll focus on the practical steps involved in building a budget that aligns with your goals and supports your organization’s financial health. We’ll discuss strategies for allocating resources, making informed decisions, and addressing challenges that may arise during the budgeting process. No matter what type and size business you’re managing, the principles and techniques covered here will help you create a budget that sets you on a path to success.
Feb 27, 2024
Article
Navigating Financial Success: Why and When You Should Embrace Budgeting
Do you know that a significant percentage of small and mid-sized manufacturing businesses do not have an annual operating budget? As you explore how a budget can drive important business decisions, this introductory article marks the beginning of our comprehensive budget series where we explore the why, when, and how of budgeting. Future articles will move you through the process and explain how to pull it all together. Let’s get started so you can understand how your business is performing!
Nov 10, 2023
Article
Data-Driven Decision-Making for Manufacturing: Harnessing Big Data for Competitive Advantage
Staying ahead of the curve is essential to any business. To thrive in this competitive landscape, companies are turning to the power of big data analytics. Imagine removing the guesswork, having the ability to optimize production, streamline supply chains, and enhance inventory management – all at your fingertips. It's not just a dream; it's the promise of big data.
Events
Forge Ahead: Manufacturing Education Day 2024
Your manufacturing journey has been marked by growth, challenges, and opportunities. At Rea, we understand the evolution of your industry and are committed to supporting your continued success. We're excited to invite you to our Manufacturing Education Day 2024, an event designed to inspire innovation and foster connections within our manufacturing community.
May 29, 2024
Newsletter
Plain & Simple | Spring 2024
As we approach the second half of 2024, I am pleased to report that the US economy entered the year on a strong footing. Multiple indicators of business activity, labor markets, sentiment, and inflation have been moving in a favorable direction. However, we must remain vigilant of headwinds such as rising consumer debt and elevated interest rates that may temper economic growth. As mentioned in our earlier edition, I see this year as one of renewed potential, with the economy regaining its footing and businesses poised for growth, despite uncertainties surrounding new tax policies and the upcoming election.
Mar 6, 2024
Newsletter
Plain & Simple | Winter 2024
We are off to a good start in the new year! I hope 2024 has begun with optimism and prosperity for you and your businesses. Reflecting on the challenges of 2023 – from inflation to supply chain disruptions – it’s inspiring to see how resilient and adaptable we’ve all been. Looking ahead, I see a year of renewed potential, with the economy regaining its footing and businesses poised for growth despite the uncertainties of new tax policies and the upcoming election.
Dec 20, 2023
Newsletter
Plain & Simple | Winter 2023
As you gear up for business in 2024, take a look at recent history to understand the changes and challenges businesses have faced: Inflation, supply chain interruptions and delays, rising interest rates, the threat of recession, and global instability.