IQMS Blog for Manufacturing ERP Expertise

Washington D.C. Week in Manufacturing – September 30, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Sep 30, 2015 @ 08:16 AM

China’s Economy Continues to Slow
The Chinese manufacturing sector continues to struggle, with the Caixin Flash General Manufacturing PMI data contracting for the seventh straight consecutive month, from 47.3 in August to 47.0 in September. With a PMI at its lowest level since March 2009, the Bank of China has devalued the yuan, down 2.8 percent since early August. Additionally, the Shanghai Composite Stock Market Index has plummeted nearly 40 percent since June 12, promoting growth worries in financial markets around the world. To learn more, visit
here.

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Tags: Week in Manufacturing

Mega-Trends at the Electric & Hybrid Vehicle Technology Expo

Posted by IQMS Manufacturing ERP Software on Thu, Sep 24, 2015 @ 02:48 PM

The Electric & Hybrid Vehicle Technology Expo and The Battery Show recently convened in Novi, Michigan and showcased best of breed technology for the alternative power segment of the automotive industry.

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Tags: Trade Shows

Washington D.C. Week in Manufacturing – September 23, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Sep 23, 2015 @ 09:30 AM

Federal Reserve Does Not Raise Rates at September Meeting
At their September meeting, the Federal Open Market Committee (FOMC) announced that they would not raise interest rates at this time, citing the need for more time to evaluate incoming data in order to ensure sufficient progress. All eyes now turn to the December meeting as the most likely option for a short-term interest rate increase. It is being speculated that the Federal Reserve will implement three increases spread out over even intervals throughout 2016 in amounts that will equal a full percentage point by the end of next year. To learn more, visit
here.

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Tags: Week in Manufacturing

Dept. of Commerce Predicts A Healthy Future for the Aerospace Industry

Posted by IQMS Manufacturing ERP Software on Thu, Sep 17, 2015 @ 12:02 PM

At a recent Automation Alley aerospace and defense industry event, IQMS had the opportunity to attend an economic overview of the state of aerospace industry. Delivered by Murat Muftari, International Trade Specialist for the Global Aerospace & Defense Team for the U.S. Department of Commerce, the overview described a flourishing industry with a healthy future. Here is a brief look at some of the details:

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Tags: Aerospace and Defense

Washington D.C. Week in Manufacturing – September 16, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Sep 16, 2015 @ 09:43 AM

Manufacturing Drops 17,000 Workers in August
In the first decline in just over two years, manufacturers lost 17,000 net workers in August, according to the Bureau of Labor Statistics. With a hiring average of only 3,5000 workers per month in 2015 (compared to the average of 20,667 workers in the second half of 2014), it is clear that challenges in the manufacturing sector continue to hold down hiring rates. The strong U.S. dollar, economic problems from global markets such as China and seasonal factors could all partially explain the lower manufacturing hiring rates for August. To learn more, visit
here.

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Tags: Week in Manufacturing

Are QuickBooks and Spreadsheets Putting Your Medical Business at Risk?

Posted by Nicole Smith on Thu, Sep 10, 2015 @ 09:00 AM

Whether you are a medical device start-up or a growth-orientated medical device company, most likely you began your business with an idea: An innovative product designed to help people who are sick or injured. And while bringing a medical device to market should be an engineering problem, many owners also have to deal with managing the business side of their medical device company in order to realize success.

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Tags: Medical ERP

A Look at 2015 Aerospace and Defense Industry Trends and Global Opportunities

Posted by IQMS Manufacturing ERP Software on Thu, Sep 03, 2015 @ 09:50 AM

Recently, the business association and accelerator, Automation Alley, hosted an aerospace and defense industry briefing to discuss 2015 commercial and defense global market opportunities for manufacturers in the United States. Michigan state and local economic development agencies met with suppliers and manufacturers to review trends, both nationally and across the world, in the A&D industry.

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Tags: Aerospace and Defense

Washington D.C. Week in Manufacturing – September 2, 2015

Posted by IQMS Manufacturing ERP Software on Wed, Sep 02, 2015 @ 08:33 AM

Consumer Confidence Rebounds in August
The Consumer Confidence Index jumped strongly in August, rebounding from a sharp decline in July, according to the Conference Board. Now at its second-highest level since August 2007, consumer sentiment hit 101.5 in August, rising up from a surprising fall to 91.0 in July and surpassing 99.8 reported in June.  The improvement in this report stemmed largely from the public’s better assessment of the labor market and hopefully these strong gains in consumer confidence will translate into increased spending down the line. To learn more, visit
here.

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Tags: Week in Manufacturing