Making Chips Podcast for Manufacturing Leaders

Where are you going?   Knowing why you’re doing what you’re doing (your mission), where you’re trying to go (your vision), and how you’re going to go about it (your values) are the glue that holds an organization together.   On this episode of MakingChips, Jim and Jason dive into the subject of corporate vision. Notably, the questions you should be asking yourself when developing your companies vision. In manufacturing news, we discuss signs of a slowdown in auto sales. We also highlight some of the exciting things we will be doing during our highly anticipated Leadership Series.   Episode Structure: [02:11] - Manufacturing News [04:00] - Getaround [05:56] - IMTS 2016 [07:54] - Make & Elevate [13:58] - Vision [16:00] - Question 1 [19:26] - Question 2 [20:43] - Question 3 [23:40] - Diversifying [27:20] - Conclusion of Episode Mentioned in this Episode: Manufacturing News Getaround Make & Elevate IMTS 2016  We Want to Hear From You, The Metalworking Nation: jim@makingchips.com jason@makingchips.com ryan@makingchips.com Telephone: (312) 725-0245

On this episode of MakingChips, we welcome to the show Bill Angsten, co-founder of Compass Automation. Compass Automation designs and builds custom equipment to automate manufacturing processes. Bill talks with us about how he started the company, what Compass Automation does differently, maintaining a strong company culture, and marketing yourself differently. In manufacturing news, we talk about Facebook's recent venture into hardware research and we share more information about our highly anticipated Leadership Series.   Episode Structure: [01:50] - What's New? [02:35] - Manufacturing News [05:40] - Leadership Series [09:15] - IMTS 2016 / Sandvik Coromant [11:15] - Welcome Bill Angsten [12:16] - Compass Automation's Background [14:30] - What Does Compass Automation Do Differently? [20:04] - Hiring & Marketing [24:21] - Corporate Culture [26:45] - Marketing Differently [28:40] - Episode Conclusion Mentioned in this Episode: Manufacturing News Leadership Series IMTS 2016 Compass Automation Bill Angsten | LinkedIn  We Want to Hear From You, The Metalworking Nation: jim@makingchips.com jason@makingchips.com ryan@makingchips.com Telephone: (312) 725-0245

It is not unusual for multiple members of a family to work at the same business.  However, such situations can be troublesome if the relationships give rise to suspicions of favoritism or unfair treatment. We see this a lot in family business, government, everywhere.  After all, it’s in our human nature to help those we love and who are like us but is it good for the business? What should your company do to avoid nepotism? "Growing up [in the family business], you were very cognizant of the fact that employees thought you were being treated in a different way." - Jim Carr On this episode of MakingChips, Jim & Jason share their experiences with family in the business and lay out 7 different ways to avoid nepotism in the workplace. Episode Structure: [02:15] - Sandvik Coromant Video [03:22] - Manufacturing News [05:56] - Listener Email [10:00] - What is Nepotism? [13:36] - Seperation [19:00] - Evaluation [20:02] - Hiring Process [24:30] - Conclusion of Episode Mentioned in this Episode:   Ways to Avoid Nepotism: Reinforce that being a part of the family or a friend may get you in the door, but you have to perform - and probably to a higher level and without as much praise. Owner separation from job role - starts at the top. Clear and consistent manner of evaluation backed up by data and multiple examples as evidence. Job description that includes specific goals. Stated hiring process. Exclude family members from awards & contests. Family members should work somewhere else first - in relation to younger workers. Sandvik Coromant Video  Manufacturing News We Want to Hear From You, The Metalworking Nation: jim@makingchips.com jason@makingchips.com ryan@makingchips.com Telephone: (312) 725-0245

How is digital manufacturing going to affect the modern machine shop? On this episode of MakingChips, we are joined by Jeff Rizzie, Senior Manager of Business Development at Sandvik Coromant. Jeff talks with us about the next phase of digital manufacturing and what changes we can expect to see in the future in terms of process improvement and efficiency. He also shares some key steps to help you start digitizing in your manufacturing shop. In manufacturing news, we talk about open-book management and what one firm is doing to help implement that system. Also discussed is the highly anticipated Mastermind Series and Workshop, as well as the upcoming IMTS 2016. Episode Structure: [01:35] - Audio/Video [02:45] - Manufacturing News [07:53] - Mastermind Series and Workshop [11:11] - What’s Going On at ZENGERS [14:55] - Welcome Jeff Rizzie [16:30] - What Is the Future of Manufacturing? [21:45] - Process vs Discreet Manufacturing [24:40] - Key Steps to Start Digitizing [29:01] - Extracting Information from a CNC [31:38] - Process Improvements / Efficiency [37:05] - Sensors and Extra Technology [41:20] - Conclusion of Episode Mentioned in this Episode: Manufacturing News The Great Game of Business Theory of Constraints Jeff Rizzie | LinkedIn Sandvik Coromant IMTS 2016 We Want to Hear From You, The Metalworking Nation: jim@makingchips.com jason@makingchips.com ryan@makingchips.com Telephone: (312) 725-0245

We are happy to announce that this is the first episode of MakingChips shot entirely with video. We want to thank Chuck Shroeder and IMTS for coming to our studio and making all of us look good. Video segments of this episode are soon to come. On this episode of MakingChips, we have the pleasure of sitting down with Cassie Haupers, Vice President at Swiss Precision Machining. SPM is an ISO 9001:2008 certified company that serves many different industries including: medical, dental, aerospace and automotive and fiber optics industries. Growing up in the manufacturing world, Cassie wants to continue her family tradition and build the business for the next generation. Topics of discussion in this week's episode include: Cassie's history and background with SPM, SPM's expansion into a new facility, driving and defining company culture, overcoming bumps in the road, succession planning, communicating your vision to your company, women in manufacturing, and working with family. Episode Structure: [02:30] - Manufacturing News [05:40] - Mastermind Series [07:23] - IMTS 2016 [08:16] - Introducing Cassie Haupers [10:15] - Cassie’s Progression at SPM [10:40] - What is Swiss Precision Machining? [14:18] - Driving the Culture at SPM [17:15] - Proving Yourself [19:57] - A Fresh Start [25:36] - Roadblocks and Challenges of Moving the Company [31:20] - Women in Manufacturing [32:45] - Background in IT [35:09] - Working With Family [37:15] - Conclusion of Episode Mentioned in this Episode: Manufacturing News IMTS 2016 Cassie Haupers | We Are Innovative | IMTS 2016 Video Swiss Precision Machining | SPM We Want to Hear From You, The Metalworking Nation: jim@makingchips.com jason@makingchips.com ryan@makingchips.com Telephone: (312) 725-0245

On part 2 of this episode of MakingChips, we continue our discussion with Bill Strauss, Senior Economist at the Federal Reserve Bank of Chicago. Topics discussed in this episode include the world economy, energy prices and their impact on manufacturing, borrowing and loans, education, growth rate, future economic trends, and the millennial generation. Episode Structure: [01:30] - Manufacturing Renaissance [03:35] - Energy Production and Manufacturing [06:05] - "The Good Old Days" [07:30] - The Two Ways to Economic Growth [10:45] - Educated Workforce [15:00] - Gradual Improvement [16:15] - Quick Fire Questions for Bill [18:40] - A Glimpse into the Future [21:55] - Millennial Generation’s Effect on Manufacturing [23:45] - Conclusion of Episode We Want to Hear From You, The Metalworking Nation: jim@makingchips.com jason@makingchips.com ryan@makingchips.com Telephone: (312) 725-0245

On part 1 of this 2 part episode, we have a conversation with Bill Strauss. Bill is a senior economist and economic advisor in the economic research department at the Federal Reserve Bank of Chicago. His research papers include analysis of the manufacturing sector, the automotive sector, the Midwest regional economy, the trade-weighted dollar, business cycles and Federal Reserve payments operations. Bill shares his experience working with the Federal Reserve Bank of Chicago and how it relates to manufacturing. We also discuss the highly anticipated MakingChips Mastermind and Workshop series, Jim shares his experience working with SkillScout,  and we discuss the future of automation in Manufacturing News. Episode Structure: [03:20] - Manufacturing News [06:10] - MakingChips Events [07:30] - MakingChips Workshop [08:28] - IMTS 2016 Registration [10:22] - SkillScout at CARR Machine [13:45] - Introducing Bill Strauss [15:30] - Bill’s Role at the Federal Reserve [17:58] - The Rust Belt [19:15] - The 12 Cities [20:33] - Specializing in Manufacturing [21:20] - Explaining the Federal Reserve [24:15] - Board of Directors / Advisory Council [26:25] - The Media [28:30] - Investing in Performance [31:15] - Foreseeing the Future of Manufacturing [32:25] - Conclusion of Episode Mentioned in this Episode: Jim & Jason's Favorite Chicago Restaurants Manufacturing News IMTS 2016 Bill Strauss | LinkedIn We Want to Hear From You, The Metalworking Nation: jim@makingchips.com jason@makingchips.com ryan@makingchips.com Telephone: (312) 725-0245

Today on MakingChips: We welcome a very special VIP guest to our show,  Sean Holt - President for the Americas at Sandvik Coromant. Sean has more than twenty years of engineering, business development and management experience. He is currently responsible for Sandvik Coromant's organization in North and South America. Sean shares his background with us, his history with Sandvik, and weighs in on what he believes defines a great manufacturing leader. We also discuss the importance of communication, the future of cutting tools, and what we can do to change the perception of manufacturing. Jim and Jason talk about MakingChips' highly anticipated Mastermind Series & Workshop, and we share more information about the upcoming International Manufacturing Trade Show (IMTS 2016). Episode Structure: [02:40] - Manufacturing News - mitchell lace manufacturing [04:45] - What’s New with Jason? [06:05] - MakingChips Mastermind Series [08:15] - IMTS 2016 [09:35] - News at ZENGERS [12:00] - Introducing Sean Holt [14:20] - Sean’s Background [16:30] - What Defines a Great Manufacturing Leader? [19:15] - Diversifying Key Industries [23:33] - Communication is Critical [25:25] - Future of Cutting Tools [28:25] - Changing Perception of Manufacturing [30:57] - Engaging the Younger Generations [33:02] - Opportunities in the Future [35:15] - Utilizing Podcasts for Communication [38:00] - Conclusion of Episode Mentioned in this Episode: Manufacturing News IMTS 2016 Sandvik Coromant Sean Holt | LinkedIn We Want to Hear From You, The Metalworking Nation: jim@makingchips.com jason@makingchips.com ryan@makingchips.com Telephone: (312) 725-0245

We're all familiar with Murphy's Law; "Anything that can go wrong, will go wrong". We've talked about this extensively in a previous MakingChips episode on crisis management, but what can you do to make sure that your manufacturing company is covered in the event that something goes wrong? "It's not a matter of if, it's a matter of when." From equipment breakdowns, to customer and employee claims of injury,  you need to be equipped with the knowledge of what kind of coverage you'll need for the challenges you face as a Manufacturing Leader. The reality is that many manufacturers have limited knowledge on the subject, and are often hesitant to reach out to their insurance agency. What can the metalworking nation learn from the insurance industry? On this episode of MakingChips, we talk about insurance and risk management with Marc Alberico and Steve Lorenzini of The Daniel and Henry Company. Marc and Steve share their extensive knowledge of risk solutions for the manufacturing industry and provide an answer to a MakingChips listener's question. In manufacturing news, we talk about the future of automation and it's business implications.. Jim and Jason share details of two very special MakingChips events as we look forward to IMTS 2016. Episode Structure: [03:25] - Manufacturing News [06:45] - Mastermind Series [08:05] - MakingChips at IMTS 2016 [09:35] - Introducing Steve and Marc [11:36] - Answering Rob Trout’s Email [13:05] - How did this collaboration begin? [19:06] - OSHA Compliance [21:15] - Understanding the Depth of Your Business [24:38] - “The Sheep in Wolf’s Clothing” [26:30] - Product Liability (Prototype vs Medical) [32:15] - Misclassified Areas [38:15] - When to Call the Insurance Company [40:40] - Conclusion of Episode Mentioned in this Episode: Manufacturing News IMTS 2016 The Daniel and Henry Company Contact Marc & Steve Ryan's Patreon Account We Want to Hear From You, The Metalworking Nation: jim@makingchips.com jason@makingchips.com ryan@makingchips.com Telephone: (312) 725-0245

Today on MakingChips: We are coming to you from the Sandvik Coromant Headquarters located in Fair Lawn, New Jersey. On this episode, we have a conversation with special guest Troy Stashi, Industry & Application Specialist in Automotive/Milling at Sandvik Coromant. Troy shares his expertise on several different topics including milling, efficiency, and trends in machining. In manufacturing news, we talk about HP's cutting edge 3D printer. We also discuss our upcoming MakingChips events including our live broadcast from the floor of IMTS 2016.  Episode Structure: [02:38] - Manufacturing News [05:15] - What's new with Jason? [06:15] - Mastermind and Workshop [09:22] - MakingChips at IMTS 2016 [11:05] - What's new with Jim? [12:38] - Welcome Troy Stashi of Sandvik Coromant [13:55] - Troy's History with Sandvik Coromant [16:26] - Solving The Most Common Problems [22:00] - Trends in Milling Cutters [26:15] - Programming [31:33] - Coolant vs. No Coolant [35:30] - Coating Technology [37:50] - Conclusion of Episode Mentioned in this Episode: Manufacturing News IMTS 2016 Troy Stashi | LinkedIn Ryan's Patreon Account We Want to Hear From You, The Metalworking Nation: jim@makingchips.com jason@makingchips.com ryan@makingchips.com Telephone: (312) 725-0245