INSIGHTS: FALL 2018 — PROFILE: LISË STEWART

In this issue of Insights, we talk with Lisë Stewart, director of the Center for Family Business Excellence at EisnerAmper. For the past 34 years, Stewart has applied her background in organizational psychology and development to help private businesses across the country and around the world ready their companies for the next generation of leadership.

INSIGHTS: FALL 2018 — EFFECTIVE SUCCESSION PLANNING: 6 WAYS TO PLAN FOR SUCCESS

By Lisë Stewart Succession planning means planning for the long-term success of a business. It should be a process that engenders a strong and viable company, empowers and educates the next generation to take over, or prepares the business for sale to a qualified buyer. Focus on the things that will build an organization that

INSIGHTS: FALL 2018 — RECENT PROJECTS

A SAMPLE OF PROJECTS THAT INSYTE RECENTLY CONCLUDED WITH WNY COMPANIES: Helped a Chautauqua County manufacturer transition from the TS 16949 quality standard to the new IATF 16949 automotive quality standard and obtain certification. Defined the requirements for a barcoding system to complement an Erie County automotive parts manufacturer’s ERP system to support projected annual

US Manufacturing Eases from 14+ Year High

The September 2018 PMI Index from the Institute for Supply Management registered a strong 59.3, albeit down 1.5 points from a 14+ year high last month (a reading above 50 indicates expansion).  While New Orders, Backlog of Orders, Supplier Deliveries and Prices pulled back, Production, New Exports and Imports all grew faster than in August.

Solmac Inc. Successfully Completes AS9100 Rev. D Certification

Congratulations to Williamsville, NY manufacturer Solmac Inc. on achieving their certification to the AS9100 Rev. D standard.  Your hard work, determination, and commitment to continual improvement is a credit to you! This certification is the standard quality management system specific to the aerospace industry and “is designed to meet the complex and unique demands of

What’s a Kanban?

If you would like to better control inventory, become more predictable and have what you need when you want it; you should implement Kanban into your processes. First of all, the pronunciation is “Kon-Bon”, not “Can-Ban”. A kanban is a signal that informs the user that a part, necessary to complete a process, is running

Congratulations to Powerflow Inc.

Congratulations to Powerflow Inc. for achieving certification to IATF 16949:2016 Automotive Quality Management System Standard. This was an upgrade from the previous version of TS 16949 with a significant number of new requirements. Their certification audit resulted in zero nonconformance’s found.  Insyte Consulting is proud to have worked with the Powerflow team in achieving this

NYS Manufacturing Cools Slightly

The New York Federal Reserve’s Empire State Manufacturing Survey for September indicates that statewide manufacturing grew at a slightly slower rate than last month.  The General Business Conditions Index fell to 19.0, down 6.6 points from August, but still reflecting substantial activity (a reading above 0.0 indicates expansion).  New Orders, Shipments Unfilled Orders and Delivery

US Manufacturing Beats Expectations

The Institute for Supply Management’s closely watched PMI Index of national manufacturing activity climbed to 61.3 in August, an increase of 3.2 points from July and the highest reading in over 14 years (May 2004).  The PMI beat market expectations of 57.6 which would have been a decrease of 0.5 points.  New Orders, Production, Employment

MADE IN WNY: Spencer Lens Company Produced World-Renowned Optical Products

The company manufactured high-quality microscopes and is considered the first American microscope manufacturer. Spencer’s father, Charles Spencer, was one of the first Americans to make microscopes.  In 1838 he began his first optical business producing telescopes and microscopes in Canastota, NY.  At that time, the English manufactured the best microscopes.  Until 1849 Charles Spencer was