Making Chips Podcast for Manufacturing Leaders

Finding Solutions to the Supply Chain Chaos, #293 What is the root cause of the supply chain crisis? How can manufacturing businesses mitigate those risks and find realistic solutions that work in the short and long term? Tom Hilaris—the President & CEO of Ergoseal—joins us to share the three things they focus on: risk mitigation, communication, and culture. In this episode of Making Chips we offer real, practical solutions your business can implement to overcome the supply chain chaos. Because—after all—if you're not making chips, you're not making money! BAM! – Jason Segments [1:10] Material lead times and pricing [5:10] What's happening at Carr Machine & Tool [7:07] Manufacturing news related to supply chain issues [14:39] Learn more about our guest—Tom Hilaris [17:16] Step #1: Risk Mitigation [19:46] Managing pricing with redundancy of sourcing [22:58] Step #2: Communicating with your customers is imperative [29:12] Elmhurst University Supply Chain Masters Program [32:15] Step #3: A great culture improves outcomes Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! Connect with Tom Hilaris on LinkedIn Clean Energy Faces its Own Supply Chain Crisis What Everyone Gets Wrong About the Never-Ending COVID-19 Supply Chain Crisis Growing your Manufacturing Business Through Acquisitions with Tom Hilaris Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

What is an employee stock ownership plan ESOP? How does it work? How can it transform the buy-in of your team and lead to revenue growth? Jeff Taylor—the President and CEO of Crafts Technology—implemented an ESOP. Listen to this episode to hear about the impact it had on his business—and figure out whether or not it's right for yours. Employee buy-in can lead to profitability which can lead to Making Chips! BAM! – Jim Segments [4:49] What's happening at ZENGERS and Carr Machine & Tool [8:20] Disclaimer about implementing an ESOP [10:54] Welcome Jeff Taylor to Making Chips! [12:13] What is an employee stock ownership plan ESOP? [13:45] How Jeff got into manufacturing [20:15] What is Craft's technology? [21:49] Choosing to create an ESOP [30:00] Who should consider an ESOP? [35:05] Pensions, profit-sharing, and ESOPs [39:45] What kind of return does an ESOP get? [45:36] Are you handing over control to your team? Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! Crafts Technology Connect with Jeff on LinkedIn Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

What does your hiring process look like? Do you even have a hiring process in place? In this episode of Making Chips, we walk through what each of our processes look like and share some useful strategies that anyone can implement. A streamlined process leads to better hires which leads to Making Chips! BAM! – Jason! What are your tips and tricks for the hiring process? Let us know! Send an email to info@MakingChips.com! Segments [0:30] Check out ProShop ERP for manufacturing software! [3:35] What's happening in our lives and businesses [6:54] Manufacturing news: A discussion on composite materials [11:44] Shoutout to listeners who've left reviews! [14:26] Step #1: It's all about the setup [19:10] Step #2: The careers landing page [22:43] Accelerate your digital transformation with Xometry [24:31] Step #3: Screen your candidates Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! 6 of the Most Exciting Trends In Composite Materials Today Join the ZENGERS Team! LinkedIn Recruiter Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

What factors should you consider when forecasting? What questions do you need to ask to determine your next steps? Who gets to make those decisions? We walk you through some common questions to ask yourself—and your company—about your business. We'll also cover Miles and Snow's Typology of Defender, Prospector, Analyzer, and Reactor to see how your type impacts your decision-making process. Learn a great process to forecast and set goals in this episode of Making Chips! Now is the time to look ahead! BAM! – Nick If you have a great methodology for forecasting, let us know! Shoot us an email at info@MakingChips.com! Segments [0:32] Check out ProShop ERP for manufacturing software! [3:16] How future proof is your business? [5:25] What we're happy about right now [9:34] Discovering the Keys to U.S. Manufacturing Recovery [14:23] What factors should you consider when forecasting? [17:47] Accelerate your digital transformation with Xometry [21:39] The Miles and Snow's Typology of Defender, Prospector, Analyzer, and Reactor [24:56] Who makes the forecast in your company? Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! Discovering the Keys to U.S. Manufacturing Recovery Miles and Snow's Typology of Defender, Prospector, Analyzer, and Reactor BOOK: Humanocrisy Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

Nick jokes that I have a recession obsession—and it's true. Recessions are painful. I want to make the experience less painful when a recession comes around again. So in this down-to-earth episode of Making Chips, I'll share the common causes of most recessions and 8 tips you can use to prepare yourself—and your business—for a recession. Preparedness is key to helping your business survive and thrive. Because after all, if you're not making chips, you're not making money. BAM! – Jim Segments [0:43] Check out ProShop ERP for manufacturing software! [2:53] Shoutout to everyone involved with the research project with Xometry [5:11] The reasons why Carr Machine & Tool is thriving [9:38] Manufacturing News: Hertz bought 100,000 Teslas [12:18] What's new in Jason and Nick's worlds [14:43] Accelerate your digital transformation with Xometry [15:53] Be smart with the buying decisions that you make [21:55] Learn about the common causes of recessions [24:39] 8 tIps to prepare yourself for a recession [28:28] Learn about Amper Technologies machine monitoring systems Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! How to Prepare for a Recession: 8 Tips You Can Start Now Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

In round three with Titan Gilroy, we talk about why Titan decided to move his entire business from California to Texas. Was it a smooth transition? Was he able to retain his entire team? Titan also shares more of the "why" behind his business and his passion for serving his audience. Titan continues to go above and beyond the expected as he grows his academy. Listen to learn more. BAM! Segments [0:52] Why Titan moved his business to Texas [11:28] Solving people's problems = success [18:28] Understand your audience + tell your story [26:50] Titan's transition from regret to changing lives [29:34] Where did Titan's "Boom!" come from Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

In this episode of Making Chips, we dive back into the conversation with Titan Gilroy. This time, we talk about how Titan's TV show, "American Built," came to life. We also talk about how he almost gave up the TV show to do something he was passionate about—helping prisoners transform their lives and learn to become full-fledged machinists. This passion project eventually led to the creation of the Titans of CNC Academy, where you can learn everything from the fundamentals of machining to creating aerospace parts—all completely free. Don't miss this episode with THE Titan of the industry. BAM! Segments [1:55] Why schools and colleges don't have sufficient manufacturing training [7:35] How Titan's TV show, "American Built" came to fruition [13:31] How Titan took inmates and helped them become full-fledged machinists [19:34] Why Titan uses the phrase "uniquely abled" instead of disabled [32:48] Learn more about Titans of CNC Academy Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! Titans of CNC Academy Check out Titan's Youtube Channel: MakerSpace77 Follow Titan on LinkedIn Follow Titan's organization on Twitter: @TitanGilroy Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

This episode takes you (and us) to Texas to speak with Titan Gilroy. He calls himself an advocate for advanced manufacturing, and that's a huge understatement. He runs two academies that teach what it takes to be a success in manufacturing. His personal stroy demonstrates that becoming a success in the industry — individually or as an organization — doesn't happen overnight or without a significant amount of struggle. We skip the banter and back and forth typical of our episodes because we are so excited to bring you this conversation with Titan. So, without further delay, click the play button and hear what Titan's got to share. BAM! Segments [1:50] Titan Gilroy's start in CNC machining came through a great deal of hardship [6:30] Moving to California and finding his first opportunity in a shop [10:15] Stepping into his first role in a machine shop and making the most of it [18:10] Moving into a troubleshooter role for large companies, then starting his own shop [22:15] The beginning of Titan Engineering in early 2005 [31:15] Raising the bar to eliminate variance and manufacture art for customers [40:35] The 2008-2009 recession hit hard — everything stopped & 15 people had to be let go [46:53] Lessons learned during the economic downturn were exactly what he needed Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! https://titansofcnc.com - Find out about Titan's training courses Follow Titan on LinkedIn Follow Titan's organization on Twitter: @TitanGilroy Wall Street Journal article, "A Tale of a Young Boxer's Redemption" Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

According to a recent article in Reuters, "The ISM said its index of national factory activity inched up to 59.9 last month from a reading of 59.5 in July. A reading above 50 indicates expansion in manufacturing, which accounts for 11.9% of the U.S. economy." Manufacturing is on the rise, yet every industry is struggling with an impaired supply chain. Will things get better anytime soon? How can manufacturing businesses manage shortages in the meantime? We share some thoughts in this episode of Making Chips! Segments [0:40] Check out ProShop ERP for manufacturing software! [4:15] A discussion about supply chain issues [6:57] What do we like right now? [11:30] U.S. manufacturing activity rises; shortages linger [14:08] The disruption that comes with reshoring [17:00] Accelerate your digital transformation with Xometry [19:40] How shortages are impacting industries [26:14] Learn about Amper Technologies machine monitoring systems [26:57] Will the supply chain get better anytime soon? [29:01] Tips to mitigate the pain of supply chain disruptions The Great Supply Chain Disruption Manufacturing is becoming increasingly busy but supply chain woes linger. It's the #1 thing on our minds right now. Most machine shops are at or near capacity. But we're having trouble getting aluminum, brass, steel, and finished goods. Even getting containers to ship the goods is a struggle. This phenomenon is being dubbed "The Great Supply Chain Disruption." Whenever you're making a systemic change, it's going to cause disruption. No matter how much planning you put into something, disruption happens. This should have been expected. The disruption that comes with reshoring Reshoring is more relevant than ever. And this isn't a new topic to our show. What is driving the reshoring initiative? COVID. Everything that was coming from overseas halted or decreased. Ships weren't coming through the Panama Canal. Ships weren't being unloaded because the workforce was at home. When China started rethinking its business environment and they started to incorporate more free-market tendencies, they wanted to become an export economy. They didn't have the technology to export high-end goods so they started on the low end. But now they're catching up. Now, China is focused on export as well as making branded goods for their economy. People spent their time in quarantine buying low-cost things that are sourced from Amazon—from exercise equipment to kitchen mixers. They're buying computers, TVs, headphones, etc. Many things that are sourced from China. Will the supply chain get better anytime soon? Lead time and prices are going to increase. Everyone is dealing with it right now. We can't be the link that absorbs all the cost increases. The federal government knew that the influx of money into the economy plus the supply chain issues were going to lead to increased prices. This is going to lead to inflation. Inflation does slow growth. But everyone is saying that interest rates will be holding steady ingo 2022. We think the supply chain issues will continue into 2022 but it's currently a game of wait and see. So what can manufacturers do in the meantime to mitigate the problems that come with supply chain issues? We share a few tips in this episode you don't want to miss. Check it out! BAM! – Jim Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! Camino Island by John Grisham U.S. manufacturing activity rises; shortages linger Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

Do your employees feel like they're a means to an end? I think a lot of team members don't realize—or believe—that we care about them. Some feel that when you hold them accountable to hit their numbers that data is all you care about. But that isn't always the case. At the end of the day, we're all business leaders who need an efficient working environment. So where do we find a balance between data, accountability, and caring for our team members? How do we drive profitability without driving our employees away? Listen to this episode of Making Chips for the full discussion! Segments [0:40] Check out ProShop ERP for more information on manufacturing software! [3:24] Hold your employees to metrics they can control [7:33] Manufacturing News: A Generation of American Men Give Up on College [16:55] Learn about Amper Technologies machine monitoring systems [17:39] Avoid measuring data that is not helpful to the employee [37:33] Accelerate your digital transformation with Xometry Hold your employees to metrics they can control I've seen a trend where everything is about data. Everyone wants to harvest data. But can you take it a step too far? Can there be an imbalance in the data? On a recent episode of Russell Brand's podcast, he talked about how Amazon's delivery people have an app they have to use. The app tracks every move they make and everything they do when they deliver packages. But it appears that Amazon is tracking metrics that are outside of the control of the employee and using those metrics to evaluate them. We believe when you hold people accountable with metrics it should be something that's within their control. But Amazon has taken it so far that people are being fired when they don't meet the metrics of the algorithm Amazon has in place for delivery drivers. When Russell Brand described this, he pointed out that Amazon was treating their employees like zombies living in an algorithm—disposable cattle. The data doesn't always show the full picture Nick had a conversation with leaders at AME and Hennig about compensation for their salespeople. Commissions are results-based compensation and the result is why you work. But there are other activities salespeople do that add value. They do activities to achieve an objective to create a result. So his company talked about activity-based objectives they could compensate their salespeople for. They decided compensation should be a mix. Salespeople are driven by increasing their compensation. So they tend to focus on what would compensate them the most. But if your company wants them to focus on other activities not directly tied to making a sale, you might have to compensate them. You have to match the compensation with the desired behavior. Situations when data-tracking is necessary I just took off the month of August and ZENGERS had a record month of sales while I was gone. I'm not trying to micromanage my team. They have an overall objective—sales and profitability. My goal is to train them on the right things to do to achieve that goal. I'm not saying they need to make a certain amount of calls a day or track every detail. I give them an overall mission to achieve but I don't track their every movement. I feel like asking your team to track everything they do is the kiss of death. But is that true for every business? For Jim, due to Carr Machine & Tools AS9100 certification, they are mandated to document all of the results from their machining process. He runs a data-driven and oriented business where he has to measure, record, validate, time-track against jobs, and more. And of course, each individual on my team has those types of quality measurements that they have to hit. We record data that contributes to useful management of your team. But I don't want my team to record data that's pointless. Nick's brother always says that any data that you record and isn't used to make an improvement is wasted money. Wasted information is wasted action. The bottom line is that everyone needs to take a step back and think about this. Are the right activities being tracked? Are you gathering useful data, or just wasting time? You need to collect the right data that helps you drive profitability for your company. Listen to the whole episode for the full conversation. BAM! – Jason Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! A Generation of American Men Give Up on College Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube