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2 min read

Average: You are what you plan for

By Adam Rubatt on Jul 20, 2020 8:00:00 AM

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.  

Topics: On-Demand Labor Next Generation Labor Digital Manufacturing On-Demand Technology Veryable Flexible Capacity US Manufacturing
2 min read

Be Robust by being Local

By Pete Conrad on Jul 13, 2020 8:30:00 AM

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.

Topics: Next Generation Labor Digital Manufacturing Veryable Global Supply Chain US Manufacturing
2 min read

The True Cost of Hourly Labor

By Carter Stanley on Jan 7, 2020 11:06:46 AM

I spent the early part of my career in Corporate Finance for many recognizable names in consumer goods manufacturing, and no matter how sophisticated the financial reporting system was, figuring out what hourly labor truly cost was always quite an exercise. If answering this seemingly simple question is difficult for a large Fortune 100 company to answer, it is not surprising that many of the businesses I talk to on a weekly basis simply are not educated on the true cost of their “$10/HR” labor.

Topics: On-Demand Labor Better Workforce Labor Intelligence Next Generation Workforce Digital Manufacturing On-Demand Technology Veryable Marketplace for Labor labor cost
3 min read

Veryable: The Solution to Improving Operational Metrics

By Veryable Editorial Team on Aug 27, 2019 1:03:34 PM

In the world of modern manufacturing and distribution, operations leaders are evaluating production metrics every day – a blue-collar version of the NYSE Big Board.  And as businesses race to keep up with this modernization, they acquire technology that allows real time, 24/7 access to these same production metrics.  The result is a NYSE Big Board that never closes for the day…  these operations leaders wake up, grab their smart phones and check the numbers.  They check the numbers when they get to the office and again at lunch.  They get one last check before the commute home and then one more peek before the lights go off at night.  Production metrics are everywhere, hunting down the operational bottlenecks, shutdowns and challenges.

Topics: Next Generation Workforce Digital Manufacturing On-Demand Technology Veryable
2 min read

Veryable - Capacity at the Click of a Button

By Noah Labhart on Jul 30, 2018 9:32:00 AM

Businesses today face numerous challenges with adding capacity to their operation. They need a solution that can get capable, vetted workers inserted into their operation as soon as possible.

Topics: Veryable
2 min read

Overtime pay in a tight labor market

By Matt Horine on Apr 16, 2018 8:40:00 PM

The US economy is currently experiencing larger growth than it has seen in a long time – the unemployment rate is 4.1%, Q1 US GDP is expected to hit 3%, and consumer confidence has reached the highest levels in 14 years.

Topics: Veryable
3 min read

Five Reasons to Love Manufacturing

By Ana Padgett on Feb 22, 2018 8:23:00 PM

There are so many reasons to love manufacturing. We thought it would be a good idea to share some of our favorite things we love about this industry:

Topics: Veryable