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SU grad students help Currier Plastics detect defects to improve quality
AUBURN — Currier Plastics, Inc., a custom blow-molding and injection-molding manufacturer, is working with four graduate students from Syracuse University (SU) to find ways of improving the molder’s quality by identifying and removing the causes of defects in Currier’s manufacturing process. Currier Plastics provides custom-molding services for a variety of industries, such as plastic packaging, […]
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AUBURN — Currier Plastics, Inc., a custom blow-molding and injection-molding manufacturer, is working with four graduate students from Syracuse University (SU) to find ways of improving the molder’s quality by identifying and removing the causes of defects in Currier’s manufacturing process.
Currier Plastics provides custom-molding services for a variety of industries, such as plastic packaging, beauty and cosmetics, amenities, household consumables, electronic connectors, and medical-measuring devices.
The students from SU’s Martin J. Whitman School of Management and L.C. Smith College of Engineering and Computer Science are part of the master of supply chain management, master of business administration, and master of engineering management programs, according to Currier.
The students don’t have classes on Fridays this semester, so they use those days to focus on this course work, says Scott Reilly, continuous-improvement coordinator at Currier Plastics.
They’ll either drive to Auburn for instruction, or Reilly will meet with the students on the SU campus on rotating Fridays during this semester, he says.
“So, it’s back and forth weekly. We meet at least weekly at a minimum, once a week, every Friday,” Reilly says.
Besides Reilly, the blow-molding department manager and the maintenance manager at Currier Plastics are also involved, Reilly says.
The students are working on a course that will concentrate on Six Sigma’s “Define, Measure, Analyze, Improve and Control” (DMAIC) process.
Six Sigma is a set of tools and strategies for process improvement that Motorola Solutions, Inc. (NYSE: MSI) developed in 1981, according to Currier.
Using the DMAIC process, the students’ work is focused on machine changeover, cycle-time reductions, says Reilly.
“In the continuous blow-molding process, we believe that there’s improvement opportunities to reduce our time that we take on machine changeovers, and potentially reduce the number of defects that occur on startup,” Reilly says.
The defects could include problems such as the thickness of a bottle, which Reilly says can occur if the machinery wasn’t adjusted properly during a changeover between products.
“We count the changeover [as the time] from the last good bottle to the first good bottle of the next product,” Reilly says.
The defects could also include bad finishes on a product because certain components in the calibration stations weren’t set up correctly, Reilly says.
These are the types of situations the students will try to pinpoint when they conduct their analysis, he adds.
The changeover times can also overlap employee shifts, meaning several people or groups could be involved, which can also lead to defects, he says.
Reilly is also offering the students a chance to pursue a green-belt certification, which is available through the Lean Six Sigma curriculum.
Lean Six Sigma is a methodology that combines process speed with quality.
“They’re only going to be able to do the define, the measure, and the analyze phases and that should take them to the end of the semester,” he says.
Reilly, who has the green-belt certification, says the requirements take about six months to complete.
The students would then have to complete the remaining two phases of the DMAIC process, which focus on improvement and control, before they achieve green-belt certification, he says.
A green-belt certification means “you’ve completed a project where you have identified and shown improvement in whatever your project was, [and] in this case it would be changeovers,” he says.
As the semester moves along, the SU graduate students will define and analyze the defect problems and recommend improvements.
At that point, Currier officials will implement the suggestions, determine if they’re yielding results, and make the suggesting part of the working protocol moving forward, Reilly says.
“That is the control phase,” he says.
Currier will then track the progress in its changeovers, and if the suggestions lead to proven reductions in time and defects, then the students will be on their way to a green-belt certification in Lean Six Sigma, Reilly says.
The company’s work with the SU students comes in a year when Currier transitioned into a bigger working space.
Currier Plastics completed an expansion project in the spring of this year that increased the firm’s plant from the previous 65,000 square feet to about 120,000 square feet.
The firm generated revenue of $25 million in 2012, up 12 percent from 2011. Currier Plastics is projecting a revenue increase of 10 percent in 2013.
Contact Reinhardt at ereinhardt@cnybj.com
EMA Energy + Sustainability group targets growing sector
SYRACUSE — Eric Mower + Associates (EMA), the largest advertising agency in Central New York, this summer launched a new specialty group within the agency that aims to help energy providers and manufacturers of energy-efficient products to promote their services. Syracuse–based EMA has clients that specialize in work that falls into this group “…whether [they’re]
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SYRACUSE — Eric Mower + Associates (EMA), the largest advertising agency in Central New York, this summer launched a new specialty group within the agency that aims to help energy providers and manufacturers of energy-efficient products to promote their services.
Syracuse–based EMA has clients that specialize in work that falls into this group “…whether [they’re] utility companies, manufacturers of green-building technology, or green-building products,” says Stephanie Crockett, the leader of EMA Energy + Sustainability.
The advertising agency decided in early 2012 to eventually brand its work with clients in this sector, Crockett says.
EMA created the energy and sustainability specialty group to communicate internally about the industry research that its employees are conducting, but also to leverage what the firm has learned from its work with different clients and share that information with their colleagues on other client teams, Crockett says.
“This specialty group really is also a way for EMA to take advantage of the fact that energy and sustainability [are] obviously becoming more and more of a hot topic, an important topic in basically all businesses,” she adds.
The group represents a “strategic initiative” for EMA to harness the opportunities and the “momentum that’s there” in the energy and sustainability sector, Crockett says.
The Energy + Sustainability group is one of a “handful” of specialty groups that EMA uses for work with its clients, she adds. Those groups focus on contractors, health care, and new moms, according to the EMA website.
Besides Crockett, the specialty-group leadership includes John Lacey, public-affairs management supervisor; John Leibrick, senior strategic planner; and Wally Stoneman, creative director.
“We’ve represented about 12 or 15 [EMA employees] that cross a wide variety of basically all of our disciplines across all the offices,” Crockett says.
Many of the EMA employees in the specialty group work “almost exclusively” on energy and sustainability-related client work, says Lacey.
The firm didn’t initially add any employees for the specialty group, Crockett says.
EMA’s Energy + Sustainability group includes employees who focus on insight and analytics, creative ideas, design and branding, public relations and public affairs, social media and strategic planning, the company said.
The team conducts research studies, interviews industry experts, and shares insights through articles, blog posts, webinars, and videos.
EMA employees conduct work for the specialty group in all seven of the firm’s offices, she says.
EMA’s Energy + Sustainability specialty group has a client roster that includes companies such as Fairfield, Conn.–based General Electric Co. (NYSE: GE), Charlotte, N.C.–based Nucor Corp. (NYSE: NUE); Baltimore, Md.–based Constellation Energy Group, Inc. (NYSE: CEG); Bilbao, Spain–based Iberdrola, S.A.; and Albany–based Transmissions Developers, Inc.
TDI is working to site a power-transmission line that would bring Canadian hydropower and wind down to New York City, Lacey says.
“We help TDI make the case why this is a superior project, why it should go forward, why it should get approval,” says Lacey.
EMA, which has worked with TDI since 2008, handles the firm’s website-design work, public-meeting advertising, and press-related materials, he adds.
EMA worked with Nucor, which describes itself on its website as “North America’s largest recycler” to highlight its recycling activities in publications such as The New York Times, and The Wall Street Journal.
“Print advertising, online advertising, emails … that really talked about Nucor’s commitment to sustainability and recycling their steel products and using recycled materials,” Crockett says.
The Syracuse headquarters of Eric Mower + Associates operates in a 35,000-square-foot space in the Jefferson Clinton Commons building at 211 W. Jefferson St.
EMA also has offices in Buffalo, Rochester, and Albany, as well as Atlanta, Charlotte, and Cincinnati.
The firm currently employs more than 250 people companywide, including about 90 people in Syracuse.
The Syracuse employee count includes two part-time employees. The firm generated $36 million in revenue in 2012.
Contact Reinhardt at ereinhardt@cnybj.com
We hear so much about maximizing our resources — and for good reason. Perhaps you have a list of relationships you are reviewing to ensure satisfaction. Great idea, and don’t forget to put your CPA on the list. Really. CPAs are much more than number crunchers or tax-return machines. Your CPA can help you when
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We hear so much about maximizing our resources — and for good reason. Perhaps you have a list of relationships you are reviewing to ensure satisfaction. Great idea, and don’t forget to put your CPA on the list. Really. CPAs are much more than number crunchers or tax-return machines. Your CPA can help you when business growth is the objective and when you are ready to sell.
Since every business deals with income-tax returns, let’s start with tax consequences. Your CPA can help you understand, for example, the tax impact of purchasing equipment. A CPA can also assist in identifying cash-flow impact of a purchase or sale. After the deal is done is too late for these conversations. Be sure to work with your CPA in the planning stages.
No doubt your CPA is preparing income-tax filings for you. Perhaps you have also engaged her to prepare or review payroll or sales-tax returns. And maybe the CPA handles your financial statements for those of you whose financing arrangements carry a reporting requirement.
While timely filing of tax reports and completion of financial statements are the backbone of the client-CPA relationship, there should be so much more. After all, your CPA is a trusted adviser to you and your business and has a wealth of knowledge to share. I would challenge you to look at the role of your CPA much like that of your family doctor. We all know it is unwise to limit contact with your doctor to those moments when you already have sinusitis, poison ivy, or pneumonia. Annual check-ups and preventive medicine are key, whether you are talking about your physician or CPA.
So what might you consider discussing with your CPA?
Financial and operational reporting systems
Financial statements are important tools, and it is wise to take steps to ensure yours are useful from both internal and external reporting perspectives. Beyond the traditional balance sheet and income statement, your CPA can assist in determining the key business indicators which drive your business and define metrics to help you stay on the pulse of operations. A highly functioning computer system is just the tip of the iceberg. A system will only give you what you ask for, so spend some time with your CPA to determine what information will be useful in a snapshot format. Many organizations refer to this as a “dashboard,” which is just a concise framework to provide reporting of key performance indicators.
Cost of doing business
Interestingly enough, many business owners do not have a clear understanding of the cost of doing business. CPAs are expert in financial analysis and can help you make sense of direct costs, indirect costs, overhead, break points, and profitability trends. Your CPA can evaluate existing cost structures and identify products that carry higher margins and potentially greater profitability or products that make no positive contribution to the bottom line.
Compensation structures
Sale of products or services inevitably includes the use of salespeople. Compensation structures may involve a combination of base pay, commission, and bonus. In addition, a clear understanding of employee/subcontractor relationships is critical. Your CPA can help you and your team understand the ramifications of various compensation models so that everyone benefits.
Succession planning
All — and I do repeat all — businesses should have a succession plan in place. One can never predict when opportunity or tragedy will strike. The best way to prepare for either eventuality, and ensure smooth operations in the present, is to document systems and procedures, and to establish formal buyout/continuation plans. This combination ensures that both the buyer and seller understand what the transaction includes and how the company will continue to operate (which often affects cash flow to the exiting party).
Your CPA should be your sounding board. Your business partner. Your trusted adviser. Not just at tax time. Of course, there are costs associated with consultation, but far less than the cost of cleaning up the mess that can result from misinformed decisions.
Gail Kinsella is a partner in the accounting firm of Testone, Marshall & Discenza, LLP. Contact her at gkinsella@tmdcpas.com
Bonadio Group to merge with Buffalo CPA firm
The Bonadio Group, upstate New York’s largest independent CPA firm, has agreed to merge with Gaines Kriner Elliott LLP (GKE), Buffalo’s 11th-largest accounting firm. The
Victory Sports Medicine submits winning bid on Harriet Tubman facility
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Cuomo: four insurers to repay NY seniors for overcharging on policies
Gov. Andrew Cuomo today announced four insurers, including one in Onondaga County, will pay $2.2 million in restitution to more than 3,400 New York seniors
St. Joseph’s Foundation announces Panasci as board chairman
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Binghamton University building earns LEED Platinum status
VESTAL — Binghamton University’s Engineering and Science Building has received LEED Platinum certification, the highest possible ranking given by the U.S. Green Building Council’s (USGBC)
State awards research funding to 10 SUNY campuses
Gov. Andrew Cuomo today announced the state is awarding research funding to seven projects that involve 10 campuses of the State University of New York
U.S., Mohawk Valley chambers present program on women’s advancement
UTICA — The U.S. Chamber of Commerce Foundation for Women in Business (CWB) and the Mohawk Valley Chamber of Commerce will present the “Advancing Women
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.