Warranty Reserve is a fund maintained by a manufacturing companies to meet warranty expenses. The warranty reserve balance is the balance left after deductions of claim expenses for the year. The accrual rate is usually a fixed percentage of sales and is managed by the finance department of the company. But it does not need to be that way because ...

Many companies, including Proctor & Gamble have set goals of zero waste from manufacturing. For P&G, zero waste means zero manufacturing waste is disposed directly to the landfill or sent to incineration without energy recovery by the site, except where local legal requirements specify that regulated wastes must be disposed in a landfill. ...

Evolution is quite a thing to ponder. About 85 million years ago, primates diverged from other mammals, after which over a period of about 20 million years and several diverging families, subfamilies, tribes, and genera, the human form we know today evolved. Evolution isn’t always biological either. Ballets and minuets were the popular dances back ...

Food waste prevention isn’t just best practice in the supply chain, it’s of growing concern on a national and global level. To wit, Hellmann’s mayonnaise (or Best Foods as it’s known west of the Rockies, and that of Unilever) threw its hat into the prestigious Super Bowl ad ring this year for the first time behind the comedy of actress Amy Schumer ...

In the United States, food waste is estimated at between 30-40 percent of the food supply. Anytime a material balance calculation is done across a manufacturing plant, for example in food production, it may be a mystery why the “gazintas” do not match the “goesoutas”, until you walk around and see the bins of waste because of misshaped product, ...

We wanted to give you more reasons to come back to thinkiq.com frequently, so we have revamped and relaunched our website. In addition to the latest ThinkIQ offerings for Continuous Intelligence for Manufacturers, contextualizing data — both in-plant and across your supply chain — you can learn about how our 5-stage path to Smart Manufacturing and ...

Remember when we used to buy all our computer software from brick-and-mortar stores? You might have driven to the mall and strolled into an Egghead Software or Software Etc to buy the latest Windows operating system, Microsoft Office, or MacPaint. Of course, that sounds absolutely barbaric by today’s standards. As bandwidth took off in the 2000s, ...

The Food Safety Modernization Act (FSMA), the most sweeping reform of our food safety laws in more than 70 years, was signed into law by President Obama on January 4, 2011. FSMA aims to ensure the U.S. food supply is safe by shifting the focus from responding to contamination of the food supply to preventing it. The law applies to human food as ...

It seems that the technology buzz du jour is blockchain. If you believe the hype, then blockchain will literally solve every problem under the sun and even technology problems that haven’t been discovered yet. While blockchain does have a significant revolutionary impact in some areas, namely financial transactions, unfortunately it isn’t the ...

A long time ago, in what feels like a world far, far away, pizza restaurants promised to deliver their pies to customers within 30 minutes or they were on the house. By the 28th, 29th minute, the suspense was unbearable. Will they show up on time, or am is dinner free tonight? In 1994, FedEx launched the first online package tracking. Now ...