Keep costs down and productivity up

Today’s manufacturer faces many unique and difficult challenges: how to finance inventory and receivables, control inventory cost and quantities, schedule production, determine and control production costs, allocate overhead, develop pricing strategies and more.

The industry is extremely capital-intensive and requires the owners to have good working relationships with financing sources, to be innovative and receptive to new manufacturing techniques and to have a thorough grasp of cost accounting principles. Recent changes in tax laws have also had a significant impact on manufacturers.

Governmental and environmental regulations abound, which restrict the manufacturing process. In order to be successful, today’s owner of a manufacturing company must be capable of wearing many hats.

Specialized Manufacturing Services

  • Development of pricing structures
  • Evaluation of production methods
  • Evaluation of production costs—fixed vs. variable
  • Development of overhead absorption rates
  • Break-even analysis
  • Computerization
  • Inventory valuation and controls
  • Development of cost system to analyze variances
  • Evaluation of product-line profitability
  • Expansion

Financial Services

  • Recommendations to improve working capital to help increase financing capacities
  • Evaluation, development and installation of accounting and job cost systems
  • Preparation of budgets and projections
  • Preparation of financial statements according to present industry standards

 

Tax Services

  • Coordination of business and personal tax planning
  • Income and cost recognition methods
  • Multistate issues—nexus, sales and use tax, franchise, income and other taxes
  • Equipment leasing company considerations
  • Structuring of business entities

Wealth-building Services

  • Business continuation/succession planning
  • Analysis of potential acquisitions and mergers