Have you ever stared ahead at a busy next week and just knew that it will be a challenge with overtime on the rise, and the very real possibility of people taking unscheduled days off? If so, you’re not alone. Solutions to these problems have typically been to allow overtime to rise or risk customer dissatisfaction by pushing out customer promise dates.
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When you’re in operations, you're always thinking of the future. Whether it’s for the next shift, next week or next quarter, you’ll need to create a forecast that will help you prepare for the demand coming your way. And for all businesses, there is a common practice of how those operations plans are created. You look at historical demand, take the average, and build your forecasts off that.
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The US Department of Commerce's GDP analysis of manufacturing estimates the industry represents ~11% of the economy and has 1.4x multiplier effect for every dollar spent. Those figures are already quite significant; however, this article outlines research from the MAPI showing that the US manufacturing sector’s economic contribution is actually 32% and has a multiplier effect of 3.6x for every dollar created. Suffice to say, US manufacturing creates significant economic contribution to our national economy as a whole, as well as local economies across the country.
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If you were waiting all year for the big digital manufacturing revolution and subsequent manufacturing renaissance, don’t worry you didn’t miss it. While it’s true that U.S. manufacturing output and employment have risen significantly over the last year, this is more the product of overall economic health and less the result of any wide adoption of a new manufacturing ethos.
Topics: Next Generation Labor
3 min read
The on-demand economy is offering a new set of options for today’s worker. The “gig economy” has produced options like Uber, Lyft, and TaskRabbit where you can make some extra money on the side giving people rides or running other people’s errands. Uber drivers in Dallas, for example, can typically make $15-18 per hour as side income, and those that drive full time can earn over $40,000 per year. The Veryable on-demand model is a bit different though – we are looking beyond “gigs” and building a marketplace that provides you with a continuous stream of on-demand opportunities in manufacturing and warehousing so you can achieve full-time income while creating your own schedule based on your personal needs.