Do you ever wonder how I make a living buying and selling old iron?
Sometimes Graff-Pinkert’s used machinery business boggles our own minds too. But we have some tricks of the trade that make it possible for me to pay my mortgage, and on today’s podcast I’m going to share a few of them with you.
We’re running an episode from the Job Shop Show podcast, where I was interviewed last year.
It’s been a miserable month for electric cars. Tesla fired everybody in its charger department, Ford told us that it is losing $100,000 on every electric vehicle it sells, and Donald Trump announced he will stop the construction of new wind generators off the East Coast because he wants to save the whales.
Working in the machining industry I hear the term “lean manufacturing” mentioned a lot. But what does the word “lean” really mean in this context? And how do you implement it in your company?
To help me clarify these questions, I interviewed Matthew Rassi, founder of Twenty Helping Hands. He’s a lean manufacturing consultant who has been working in the manufacturing industry for over two decades.
I’m dealing with a customer right now who seems interested in some CNC machines Graff-Pinkert has for sale. They told me they needed this type of machine ASAP! And these machines are RARE!
They even said they had a big job for the machines already and they are on the “verge of pulling the trigger any day now.”
But then they stopped returning my phone calls. They’re ghosting me, and my crock brain is getting the best of me.
Our guest on today’s show, Howard Sheldon, grew up working in his family’s third generation precision turning company. He planned to eventually take over the business from his father, but unfortunately succession didn’t happen the way he had hoped.
Howard left his family company in his mid-30s, and 10 years ago started his own Swiss turning company, Sheldon Precision Engineering Ltd.
Howard turned out to be a natural entrepreneur, and he has built a thriving business that gives him the lifestyle he wants.
Our guest on the podcast today is Reid Leland, founder and President of LeanWerks, a precision machining job shop in Ogden, Utah. Lean Works operates using open-book management, which means the company shares its financial information with all its employees on a regular basis.
Reid says this transparent management style makes its employees aware of how their performance impacts the company’s success. They feel accountable to not only work hard but more intelligently, in a way that benefits the company the most.
My guest on today’s show, Thadd Mellott, called us at Graff-Pinkert because he needed a Star SB20 CNC Swiss machine. His company, Circle M Spring, in Warsaw, Indiana, produces medical parts, including implantable orthopedic components. Circle M Spring is currently merging with a medical component design company that specializes in sports medicine. Thadd is incredibly excited about the merger because he now will have the rare ability to supply medical components directly to hospitals—a privilege that most machining companies can only dream about.
Please visit www.bcbsil.com to access machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine-readable files are formatted to allow researchers, regulators, and application developers to more easily access and analyze data.
