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USCTI: Cutting tool economic health looking up

The United States Cutting Tool Institute (USCTI) reported total billings of nearly $168 million among the 43 cutting tool companies included in USCTI's Current Business Report (CBR) for February 2018. The total represents an increase of almost 7 percent over total billings in February 2017, which topped $156 million, and a 6 percent jump compared to total billings of nearly $157 million in February 2016.

In January, USCTI reported total billings of more than $172 million.

Show vendors some love

03/29/2018
Author:
Keith Jennings
Finding ways to meet, interface with and show appreciation for customers and vendors can help any business. With Spring, and the hope of nicer weather upon us, CTE Manager's Desk columnist Keith Jennings is eager to leverage the season for promotional and “we appreciate you” events, such as luncheons and open houses.
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Remove oil A.S.A.P. to improve your process, profits

Today’s manufacturing and industrial processing facilities face intense competitive pressures, challenging economic conditions and stringent government regulations. To thrive, companies must engage in operational “best practices” designed to continuously improve process and product quality and reduce costs. An often overlooked method of process improvement is to remove oil from your facility’s wastewater or process stream as soon as possible, preferably using a highly cost effective “tube type” oil skimmer. Properly applying a tube type skimmer can pay for itself within a few months by improving operational efficiencies, promoting employee and environmental wellness and generating new revenue.

Starting a CNC business

A life-long entrepreneur involved in starting and growing seven different businesses and a successful blog, Bob Warfield of the CNCCookbook devotes the 13th episode of the CNC Chef video series to a question his CNC machining audience often asks: How do you start a new business?