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The Cost Of Downtime In Manufacturing


Guide created by S. Himmelstein & Company a leading manufacturer of torque tranducers

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Natural Ways Your Commercial Property Can Get Damaged

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Guide created by Bird-X

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The Effects Of A Fast Drive-Thru On Your Bottom Line

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Provided by Quikserv a leader in automatic drive thru windows

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Mistakes You Might Commit When Choosing A Contract Packaging Company

You understand what contract packaging is. You also know what benefits it has to offer you. You must have researched a few companies and identified a handful of vendors who can work within your budget and niche market requirements. At the same time, you know that these companies will provide the best packaging solutions, but you may have skipped out the problems associated with the contract packaging.

This article will help you explore the top mistakes you can make when selecting a co-packer. Here, we help you avoid some potentially very costly blunders.

Choosing a company that’s far away

This is one of the most consequential errors that you may commit. When choosing a contract packing company for your packaging solutions, the location related to the area of the manufacturing site and end-users is essential.

It is highly recommended to choose one close to the manufacturing site and end-users’ geographical location. The further you’re away from the company, the higher the shipping and logistics costs.

Choosing exclusively on price

One of the first proposals to ask is how much does it cost? While this sounds to be an excellent question, the company with the lowest cost may not be the best idea. When the decision is exclusively on price, you open yourself up to a set of potential problems.

You’ll definitely come across a co-packer with the lowest cost of doing business; meanwhile, they may not be specialized for your product or the type of delivery.

Choosing the one that lacks growth

Most of the packing companies meet the demands as allotted by packaging solutions initially; however, they may not keep up with the supply once the customer’s request rises. The mark of a professional service provider is the one that can expand their business in order to satisfy the client’s needs.

Now, this may be in the form of co-packer purchasing new warehouses, machinery, labor, or robotics. Unfortunately, not all companies may grow as per the need. When choosing a company, you will want to ensure to choose one who can expand their production as needed as your packaging requirements.

In-house vs. Contract packaging

If you have an in-house packaging line and are tired of managing all the elements, you may feel tempted to outsource the packaging line. However, you may want to crunch the numbers. If you have already paid off packaging machinery and other significant investment while running a smooth packaging line, in that case, the change may be costly.

Also, switching to a contract packaging plan may be detrimental to your finances and meet the customer’s demand during the changeover.

Final Wrap

Now that you know the major mistakes you need to avoid when shopping for a contract packaging company. It is highly recommended to think about all the areas of concern. While this can be pretty challenging, having professionals on your side is definitely the best option.

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Customer service outsourcing in the Healthcare Industry

The pandemic crisis has provided for an increased need for medical care across the globe. Changing consumer preferences increased requests, and telecare popularity — the drivers for customer experience enhancement. Unfortunately, many providers with in-house call centers oftentimes fail to monitor calls or evaluate the key customer experience metrics, which provides for client and revenue loss. Many healthcare organizations have turned to outsource customer service in order to increase customer satisfaction, be able to process more queries, as well as, focus on the core — providing medical help.

Signs for Call Center Outsourcing

Many if not most of the healthcare premises have experienced an overload with calls and requests, especially in today’s days. Providing an outstanding customer experience is, therefore, harder than ever before. Oftentimes the results are customer dissatisfaction and employee frustration. These are the signs outsourcing is a great option:

  • Your patients are dissatisfied. Increasing patient complaints are the alarm for a change.
  • High staff turnover. Many healthcare organizations employ people that do not have the right skills and experience within customer service. This, in turn, results in people leaving for better pay or simply cannot handle the patients in the right way.
  • Lack of ongoing training. Employees will be simply unprepared to deliver customer service, which as a result will bring customer dissatisfaction and frustration.
  • Not meeting the criteria of a medical call center. If over 5% of patients hang up before getting help, hold time exceeds 1 minute, or call routing accuracy is below 99%, your call center is either understaffed or requires additional training.

Healthcare customer support outsourcing: Helpware approach

Helpware is a BPO company providing services within customer service, back-office support, marketing, and video & image annotation. With years of experience, the company has served a great number of medical centers and helped them to improve key metrics, such as customer satisfaction, average hold and resolution time, as well as, customer retention rates. With every client, Helpware pursues a personalized approach to understand and address the goals and needs. The company is able to find the industry’s best professionals, with all the required skills, and provide them with in-depth training on all the medical aspects and customer service delivery. Whether you require a small team of agents, urgent expansion of your team, additional training, or any other need — Helpware will guide, manage and address any of your requests in a timely and efficient manner.

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Business

How to Examine Whether a Mutual Fund is Right for You

If you are an experienced shareholder, you must be aware of the fact that mutual funds have managed to gain a great grip in the last few years. The latest reports say that India’s Mutual Fund industry has witnessed a growth of 14.22 trillion on April 30 to ₹32.38 trillion on April 2021. Experts suggest that the number will only tend to rise. 

Irrespective of the beneficial nature of MFs, it is important to know how you should invest in the right fund. This post talks about the parameters that show how you can analyze a mutual fund whether it is right for you. 

  • Expense Ratio 

The expense ratio is the fraction of the entire property that any MF charges to an investor every year to manage the wealth. The expenses of mutual funds usually fall into five different categories, and they are – 

  • Security transaction fees
  • Distribution charges
  • Investor transaction fees
  • Fund service charges
  • Management fee

The expense ratio mainly shrinks the profits to the shareholder, and thus, one should always consider the finances with a lesser expense ratio. It is good for the investors to evaluate the expense ratio of different finances prior to putting money in it. And experts also recommend that fund with the minimum expense ratio is always preferred. 

  • Risk Level

Determining the level of risk for a mutual fund is as significant as looking for returns. When it comes to mutual funds, returns and risks are the two sides of the same coin. There is one very vital motive that shows why every scheme reveals risk level. 

It is because the investor gets aware of how much menace the specific investment involves. If you consider yourself as an investor with a low or moderately low-risk appetite, you must stay away from funds with high risk. 

  • Fund Manager

The overall performance and the history of the fund manager are also very crucial. It is important for the investor to look at the experience of the fund manager as well as other schemes that the fund manager is currently managing. This helps increase confidence and credibility and makes you feel assured that the money is in safe hands. Though, the reputation and the detailed account of the fund house, where the schemes belong, should also be considered. 

  • Portfolio Turnover Ratio

Portfolio Turnover Ratio suggests how often the fund manager purchases or sells the securities from the scheme. It is important for the investor because the higher the portfolio turnover ratio of a fund, the higher the trade and selling of the security. This will help in attracting maximum operation fees as brokerages as well as other fees involved. The portfolio turnover ratio also minimizes the net returns from the savings. 

  • Exit Load

Exit load is the penalty charged by the mutual fund for leaving the scheme before the stipulated time frame. The exit load usually ranges between 0% (for the liquid funds) and 1% (till 1 year of holding the equity scheme).

 Investors should always invest in schemes that have a lower exit load. It is also important to note that the exit load will be charged based on the overall structure of the load applicable during investment but not at the time of redemption. 

Get in touch with a reliable service provider or an issuer to get the best rates for the mutual funds and make the most of the opportunities available to you in the future. Always be careful about the charges and other clauses available with the scheme before investing. This will help you to be on the safer side and will save from unwanted losses. 

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Business

ARD-Optics Offers Instrument Optics

The optical production of Ard-Optics is represented by a workshop with sites and equipment of national and foreign brands, which ensures the manufacture of mass and unique optics, ranging from blanks to complex configurations of products. Ard-Optics specializes in the manufacture of precision optical components using a variety of materials, including leucosapphire (Al2O3) and quartz glass.

The technological Level of Production

At present, the company manufactures a wide range of optical elements according to the drawings of designers of other organizations. The company manufactures protective screens, prisms, lenses, and many other products. The technical equipment of the enterprise allows the production of both large-sized optical elements and products of small dimensions up to 5 mm.

For the successful use of optical elements, the quality of the polished surface is of primary importance – flatness, minimum roughness, and the highest possible degree of processing purity. As a result of targeted actions, including investments of its funds, the company has significantly increased production capabilities in this area, using advanced computer technologies and modern interference control methods.

Quality Control

In the production process, constant step-by-step control is available at all technological stages for the timely exclusion and rejection of low-quality products. The park of factory equipment and machine tools is regularly updated to improve the quality of products and reduce the time loss during production.

Technical capabilities of our equipment

  • The workpiece diameter: 5-250 mm
  • Any surface finish: 1 class
  • Surface roughness: the grade is up to 2 Å
  • The average precision of the processed surface: 0.2
  • Linear dimensions tolerance: is estimated as± 0.01 mm
  • The estimated Angular tolerance: ± 0.5 arcsec
  • Parallelism tolerance: ± 1 arcsec
  • The spectral range of applied coatings: 360… 2000 nm.
  • Properties and applicability of leucosapphire

The use of optical elements made of leucosapphire has become increasingly important in recent years, which is explained by many unique properties of this material. Today no other optical material possesses such a combination of mechanical (extremely high strength), thermal (highest thermal stability), and optical (transparency from UV to IR spectral ranges) properties.

Leucosapphire is used for the manufacture of optical products operating under extreme conditions that is when exposed to high temperatures, pressures, mechanical stress, aggressive media, and radiation. For the successful use of optical elements, the quality of the polished surface is of primary importance (flatness, minimum roughness, and the highest possible degree of processing purity).

Ard-Optics Products

Spherical optics

We manufacture lenses with spherical and flat surfaces, flat-convex, biconcave and biconvex, flat-concave, and positive menisci.

Plane-parallel plates (windows)

They are used as protective screens, transmission optics, viewing glasses, and portholes.

Prisms

Rectangular, rhombic, penta- and semi-pentaprism, Dove, Schmidt, Abbe, Pehan prisms, glued cubic. We produce non-standard prisms according to the customer’s drawings.

Fairings-caps (hemispheres, hyper-hemispheres)

Fairings (caps) of a semi- and hyperspherical shape are used to protect mechanisms and electro-optical devices in an aggressive environment, high atmospheric pressure due to the impact of an oncoming flow of liquid or gas, and mechanical loads. At the same time, the shape and materials used, while maintaining the required level of protection, allow ensuring the required level of transparency of the product.

Optical tubes (rods)

We make optical tubes (rods) to order.

Optical wedges

Optical wedges are used both as single lenses and as optical components. We make custom-made optical wedges.

Micro-optics (microlenses)

Microlenses are made of various materials of combined or cylindrical shape as optical components in laser surgery, microlenses of endoscopes, in microelectronics. We make custom-made micro-optics.

Optical blanks

Maximum product size (D = 400mm x 60mm)

YAG laser components

Precision optical windows for lasers

Sapphire windows for watches and mobile phones

We Offer Cooperation

In today’s world, lasers and optoelectronic technology play a huge role in the success of your business. Our company meets its customers halfway and is engaged in the production and sale of the highest-quality optics. Our products are very efficient in operation due to the advanced technologies of processing, grinding, and polishing.

Today, our company, founded in 2007 in Armenia, is a leading supplier of optical elements in the national and international markets. From us, you can order lenses, windows, prisms, cones, expanders, domes, tubes for various types of equipment, both in a single design and in a whole batch.

All our products are certified. The main customers of our company are research and production enterprises, manufacturers of control and measuring equipment, vacuum technology, optical instruments.

We accept orders for products from our catalog available in stock. Also, we manufacture products according to individual customer drawings, used in scientific, industrial, medical, and other fields. We will take into account your demands regarding spectral characteristics, overall dimensions, and the availability of coatings. Our experienced staff is ready to answer all your questions. Any consultation is free. Affordable prices will pleasantly surprise you.

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Business

Characteristics of large, modern cities

In large, modern cities you can count on many different characteristics that smaller towns and cities don’t have. These are the reasons that large, modern cities often feel like some kind of different planet. Can you guess what they are? We’ve listed a few of them below, so be sure to take a look right away!

Smart waste management

Large and modern cities usually have their things sorted when it comes to managing waste. This means that you will rarely see full bins or large amounts of trash on the street. They usually do this through what we call smart waste management. What is a smart waste management then? It means that there’s special technology to optimize the route of the trash collectors and ensure the bins are never overflowing with trash. This keeps the streets clean!

Tall buildings

This one you might’ve guessed already. Large and modern cities are usually full of big and tall buildings! These buildings together create amazing skylines, such as the skyline of New York or Hong Kong, to name a few special ones. To create an actually impressive skyline, you need an equally impressive amount of incredible height. This is why only the largest and most modern cities have those extremely picturesque skylines, while lots of others look slightly less impressive. 

Good infrastructure

To make sure all of the inhabitants of a large city can get from A to B, or home and work to be precise, good infrastructure is crucial. Often, the road and public transport systems work together to accommodate all of the commuting residents. This way, everybody can make it to their destinations when they need to. 

Inhabitants 

We’ve given this one away for a bit already, but obviously large and modern cities have lots of inhabitants. Usually, they’re from all over the world. This is where the term melting pot comes from to describe cities like New York. There are so many different cultures and nationalities in a small area, that they start to blend together and create a unified whole. Hence, the melting pot. 

Always active

Another characteristic of large and modern cities is that they’re always active. You will find people and activities every single hour of the day, whether that is at noon or at midnight does not matter. This includes shopping malls, bars and restaurants and of course the clubs and dancing establishments!

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ADVANTAGES OF HAPPY CLIENTS

Happy clients are good for your business, it’s obvious. This is because these clients add to the positive rating of your business, help you engage more customers, and ultimately grow your business. Keep reading below to know in detail how happy customers are beneficial for your business. 

Advantages of happy clients

  • Happy customers will help you attract new business

Consumers nowadays sometimes read articles before making a purchase decision. According to Search Engine Land, 85 percent of customers like Larry Weltman Toronto

read up to 10 online reviews before deciding whether or not to trust a company. With figures like this, the last thing you want is for prospective buyers to come across bad feedback about your business. Do a consumer survey to find out what they like about you, and don’t be afraid to share their reviews. Allow your most satisfied customers to be your company’s biggest cheerleaders.

  • They will help you improve consumer confidence

Consumers value product descriptions provided by marketers less than the views of other consumers who have actually used the products, according to E-Marketer. While consumers like Larry Weltman Toronto are willing to buy products from companies they know and enjoy, they value the opinions of other consumers who have actually used the products. 

As a result, you should not only ensure that all of your clients are happy with your products, but you should also ask them to share their positive feedback. Often, make sure to highlight those views prominently on social media and on your website! You’ll gain more credibility and, as a bonus, your SEO rating will rise! We recommend reading about Maurice Pallone.

  • You will stand out

According to the Harvard Business Review, 84% of consumers say their requirements were not fulfilled during their most recent encounter with a firm. Of course, there is already a lot of space for change. Providing consumers with fun, informative, and easy-to-use customer service is a surefire way to set yourself apart from the competition. Customers would have no cause to lament or, worse, look for a better solution if you can have a reliable and appropriate service. There is still a viable alternative.

  • Sales revenue

Products that actively rely on customer loyalty provide stable sales income. They don’t neglect existing clients and have a consistent sales source from repeat customers. Customer loyalty and sales growth are inextricably linked. Customers who are happy with your brand are more likely to engage with it, buy from it often, and promote it to their coworkers, peers, and families. Conduct online consumer reviews to determine which places are adversely affecting customer loyalty and need to be improved. This will aid in increasing customer loyalty and decreasing turnover.

Conclusion

These were some great ways through which happy customers help your business. In case you want to grow your business and make it successful, it is recommended to focus on keeping your customers happy. For making your customers happy, treat them with love and care, provide the best and good-quality service, and always ask for their honest feedback.

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Business

Why Experts’ Opinion Matter in Workers’ Comp Cases

If you have been hurt while performing your job duties, you may want to file a workers’ comp claim, so you can get benefits that will cover your medical expenses and lost income. Unfortunately, the insurance company may dispute or deny your claim, particularly when you have a serious injury, high medical bills, and you couldn’t return to work anytime sooner. If you have to fight for your rights to compensation, you must have solid evidence to establish your entitlement to workers’ comp benefits. This is the reason you must hire a North Bergen Workers Compensation Attorney. A great attorney has experience working with experts in workers’ comp claims. As a result, they have come up with a proven approach to maximize the value of their contributions. 

The Role Experts Play in Workers’ Comp Cases

To try to get the monetary benefits you legally deserve, your attorney will draw from the expertise of experts such as doctors, therapists, and others to analyze and offer an opinion about your injury. By using experts, you will have an advantage in a dispute workers’ comp claim. Insurance providers will usually consider the background of these experts as highly credible and convincing. As these experts can make sense of technical, financial, scientific, and other complex issues, they offer the clarity that insurance companies need to approve your claim.  The following are some of the experts your attorney may get in touch with:

  • Medical experts. These professionals can provide an opinion on the nature and severity of your injuries, physical limitations, current and future treatments, and prognosis for recovery.
  • Occupational or vocational experts. These experts will review your situation and evaluate the impact of your condition on your ability to work, both in your current professional and possible future employment. And depending on your injury, your lawyer will need the opinion of an occupational disease expert who has knowledge about the cause of your workplace injury. 

Keep in mind that the insurance company may also retain the service of experts to support its position on your claim. And because these professionals are hired to side with the company, their opinion may favor it. 

Trusting a Workers’ Comp Lawyer

If you have to take on your employer’s insurance carrier to receive workers’ comp benefits, you must use all available resources to support your claim. Retaining a legal expert will give you access to credible evidence that will help you gain approval.