No Picture
General Article

Medical and Pharmaceutical Manufacturing in Minneapolis

Medical and Pharmaceutical Manufacturing in Minneapolis

The medical and pharmaceutical industries are among the few industries that continue to manufacture domestically rather than overseas. Complexity of product, stringent quality requirements, certification and documentation requirements are some of the reasons that companies choose to keep manufacturing in the US. Medical Device OEMS need to have maximum assurance that their supplier is conforming to exact product specifications and standards. The Minneapolis/St. Paul area is ideal for medical and pharmaceutical manufacturing for the following reasons:

Convenient location

Supportive of high technology manufacturing

Local resources with demonstrated capability to meet stringent quality requirements

Adequate supply of a technically competent work force

Cost effective manufacturing

The Twin Cities is centrally located in the US and has a major airport with access to light rail. There are plenty of hotels that will meet any taste or price within 10 miles of the airport. The airport is rated the 15th busiest airport in the nation yet convenient as it has plenty of flights, but not the overcrowding issues that the larger airports have. In general, airline costs to fly in and out of Minneapolis is well below the national average.

Minneapolis is considered one of the hot bed locations for Medical and Pharmaceutical manufacturing. Medtronic, St. Jude Medical, Boston Scientific, Upsher-Smith Laboratories and Cargill are just a few of the major companies located in this area. Rochester Mayo Clinic is located about 60 miles south of the Twin Cities and the University of Minnesota is located right in the heart of Minneapolis. There are 100s of ISO certified and FDA registered suppliers in this area that can support any medical device manufacturing requirement. Any manufacturer who locates in Minneapolis/ St. Paul area will have a vast network of world class local suppliers and resources to support their needs.

Minneapolis is ideal for attracting high caliber employees. This area is highly rated for its quality of life. Eden Prairie MN and Chanhassen MN are rated among the best places to live in the USA. The area is full of museums, cultural centers, theaters, and clubs with music and entertainment. Sports enthusiasts have plenty to choose from as there are professional sports teams in football, basketball, hockey, and baseball. The outdoor enthusiasts will enjoy parks with biking/ hiking trails, lakes, rivers and some of the best hunting and fishing just an hour’s drive away. Minnesota is highly rated for its education system with award winning colleges throughout the area. One would have little trouble finding highly trained talent to fill skilled positions in manufacturing.

In summary, the Minneapolis/St. Paul area is an ideal location for medical or pharmaceutical manufacturing as it has great infrastructure support, high caliber suppliers and a technically sophisticated workforce that is available at reasonable costs.…

No Picture
General Article

Technology Manufacturing Contracts: Don’t Start Work Without ‘Em

Technology Manufacturing Contracts: Don’t Start Work Without ‘Em

Below are a few key terms that may be clarified in such agreements.

Product and Pricing. Naturally, the agreement should include precise descriptions of the product, packaging and pricing, including design, specifications, materials, components, logos, and so forth. Such items are best described in addendums to the agreement, so they may be easily modified as needed. The agreement may also describe the process for making any price adjustments.

Quality and Inspections. The agreement should specify all governmental, environmental, industry, compatibility and customer quality requirements to be complied with, as well as required testing and certifications. It may permit quality audits by the customer (the customer may outsource that task if needed) and should clearly describe inspection rights and remedies for non-conforming products.

Forecasts and Volume. The manufacturer will want binding, rolling forecasts and a guaranteed minimum purchasing volume. The customer will typically provide only non-binding forecasts and will refuse to commit to a particular volume. Various compromises are possible.

Orders & Delivery. The agreement should describe placement and acceptance of orders, minimum order quantity, delivery terms, and respective rights and remedies concerning cancelation, modification or re-scheduling delivery of orders, all prime areas for potential disputes.

Intellectual Property. The agreement may state that each party’s Background IP shall remain its own property and may place restrictions on use of the customer’s trademarks and trade names.

Warranties and Indemnification. Usually, the manufacturer will be required to warrant that the goods comply with the specifications and are free from defects, and to provide spare parts and service for a certain period. The manufacturer will also, typically, agree to indemnify the customer in the event any goods are accused of intellectual property infringement. Such provisions are critical, but both parties have substantial room for negotiating the exact terms and any exceptions.

Term and Termination. The agreement should allow for termination immediately in the event of bankruptcy, or after a certain notice period in the event of default. The challenge is allowing for termination at will, while providing the other party with reasonable protection against resulting damages. In particular, the manufacturer may demand compensation for long lead-time parts or un-purchased inventory that fell within the customer’s forecasts.

Dispute Resolution. As with all contracts, the agreement should specify jurisdiction, venue, governing law and possibly alternative dispute resolution procedures in the event of a dispute.

The above list is not comprehensive, but just a sampling of important issues that may be nailed down in a manufacturing agreement, to simplify the resolution of future disputes. Once the business people reach agreement on the key points, they should call in Legal to ensure that all is stated clearly in an agreement and nothing is missed.

Finally, as the business team will be eager to move forward with the manufacturing, Legal should follow up to ensure that both parties sign the agreement and it is filed in a secure location.…

No Picture
Small Business Loans

BlueVine FlexCredit

Home Information Markets Corporations Money & Banking Financial system Information-tech Opinion Specials BLink Portfolio. However, with a revolving line of credit, you only pay back what you borrow. National Credit Union Administration, a U.S. Government Agency. Kabbage provides revolving credit lines for small businesses up to $a hundred and fifty,000. Take pleasure in a low interest rate together with some great benefits of a credit card.

Fill out the Business Services Lending Request Form or call us at 303-689-7900 or at 1-877-9BELLCO (877-923-5526). As soon as the line of credit score is authorised and set up on what you are promoting operating account, funds are available instantly for withdrawal or transfer.

Increased credit score flexibility – Collateralized strains of credit score usually have lower interest rates and higher credit limits than unsecured lines of credit 1. Shield against overdrawing your enterprise checking account and avoid expensive overdraft fees by linking your line of credit score to the business checking account.

Enterprise strains of credit, small enterprise strains of credit score, enterprise credit score line, secured business line of credit. Find out extra about our devoted on-line banking service for business clients. Direct Dial Inward (DDI) permits the caller access to a particular extension with out console attendant help.

With a conventional mortgage, you’ll take out the whole approval quantity and start paying it back. Tools to assist optimize your money circulation and safeguard against fraud. Flexible interest-solely minimum payment option for the first 5 years. It provides you with access to funds to proceed to pay payments on time or purchase further inventory if wanted.

No Picture
General Article

How and When Should You Follow Up After a Job Interview?

When you’re looking for job opportunities in finance, you spend so much time preparing for the interview that you may feel lost once it’s finally over. What’s the next step you should take? Should you follow up with the hiring manager? How do you follow up without coming across as pushy or annoying? If you find yourself asking these questions, here are a few things you should know about how and when to follow up after a job interview.
Send a Thank You Message

Sending a thank you message is a subtle way to follow up without being annoying. You can send a traditional hand-written note if you want, but it’s common practice now to send thank you emails. Personal messages should be sent to every individual who interviewed you, if possible.

One easy way to make your email sound more personalized is to include specific topics covered during the interview or address questions you may not have fully answered in person. To close your email, invite the interviewer to contact you with any additional questions or information about the job posting.

The Two-Week Rule

If you don’t receive any communication from the hiring manager after the interview, most experts recommend that you wait two weeks before asking for an update. If you follow up any quicker than that, you may be seen as too aggressive. If you wait longer than that, you may come across as disinterested.

Make a Phone Call

It’s perfectly acceptable to follow up via email, but you may improve your chances of standing out if you follow up by phone instead. Start the telephone conversation by expressing your gratitude for the interview, then politely ask if the hiring manager has an update on the position.

Improve Your Chance of Being Hired

You can improve your chance of being hired by getting your resume into as many hiring mangers’ hands as possible. One way to do this is by joining one or more finance employment agencies. Beacon Resources is a well-known agency that helps candidates find job opportunities in finance. Contact them to learn more.…

No Picture
General Article

Keep Yourself in the Game With Electronic Manufacturing Services

Keep Yourself in the Game With Electronic Manufacturing Services

You will be having an excellent idea regarding a mobile phone or tablet or some such electronic device. Something that you know will be a runaway hit in the intensely competitive market. The natural course of action to pursue will be to float a company and start manufacturing without further ado.

This is easier said than done. There are a multitude of problems involved. For one, how do you procure electronic components necessary for the devices? Once these components have been located, how do you make sure that they are trustworthy? How can you assemble these, and get a desirable result? And most importantly, how do you cut costs so that you can launch the product at a price that will give other competitors a run for their money?

These are grave obstacles, indeed. However they need not come in the way of an excellent idea. In this highly technology oriented world, there is a simple and easy way out. Let us analyze these issues one at a time. Firstly, let us consider the components. Now it is a widely established fact that the most cost-effective and yet competent manufacturer of components is from China. Logical reasoning thus prompts you to order parts from China. This is, however not a simple process. For one thing, a start-up company will naturally require only small volumes of components. Chinese manufacturers will be reluctant to cater to trivial needs when they have several large-scale clients to handle. Another problem is reliability. You need to have a supplier whom you can be sure of, who will deliver the goods in time and with all quality intact.

You will also require a supplier who will be steadfast and will be a constant source. Though this may seem to you like a trivial factor, it is becoming a trend with more and more suppliers to drop small and medium-sized clients in the face of large orders from global giants. Like for example a Fortune-500 company. And aside from all this, there are a plethora of tedious regulations and restrictions that need to be complied with, in the import and export industry.

This is a veritable cornucopia of obstacles. There is no need to despair, though. Help is close at hand with a long list of sites providing Electronic Manufacturing Services or EMS. These companies will take all responsibility of importing components and designing your dream device upon themselves.

Most of these companies have understandings with Chinese suppliers to provide necessary components. With their capital and clout, they strike deals separately with a number of different suppliers, rather than rely on one person or company. Once the procurement stage is complete, they present you with a design as per your requirement and budget. If the rough draft is satisfactory, the actual process is begun.

From there, it is but a step to actually launching your product in the market. And you will find that the transition from a vague idea to an actual tangible device is a pleasantly fast one with the right people to handle it.…

No Picture
General Article

Choosing Guitar Strings for Metal

Choosing Guitar Strings for Metal

Metal strings are a must for electric guitars and are often used on acoustic guitars also. They are way different than the nylon strings, which are meant for the beginners. The different kind of strings not only affect the sound produced but also the feel of playing guitar.

Metal strings can be tightly wound compared to the nylon strings and thus vibrate under higher tension, producing a sharper and louder sound, the hallmarks of Heavy and Death Metal music. Expert guitarists will agree that guitar strings come in universal standards for playing rock or metal, i.e. with distortions or other varied effect types of music. Electric guitars have a feed that is an output lead which is then connected to an external device known as a pedal or amplifiers. Good distortion pedals can be used to test the sound quality of the vibrations. There are many types of pedals available on the market and the best ones naturally cost more.

As stated earlier, the sounds produced from the string makes a lot of difference and this is the reason why a lot of guitarists opt for coated strings, which are capable of absorbing the finger squeals and thus are ideal for accompanying the drummers during stage performances.

When it comes to the size of strings, the 11 set strings are considered the best for playing hard rock and metal. The thickness of these strings varies in the range of.10 and.50. The size or the gauze of the strings affect the sound produced: the thicker strings are tougher to bend and produce sharper sounds. There are many companies that manufacture guitar strings for metal. Ask the storekeeper to advise you on the brand on the basis of your budget. Generally, the strings cost anywhere between $5 and $12. Ernie Balls and D’addario are amongst the most preferred guitar string brands in the market.…

No Picture
General Article

China’s Exports – The Quality Revolution Starts Now

China’s Exports – The Quality Revolution Starts Now

It’s no secret that China is now facing similar issues to Japan in the 1970’s, it has a booming economy built on producing large quantities of whatever the world wants. The problem is that the economy has created wage inflation which means that manufacturing in China is no longer as cheap as it once was. Thus manufacturing is beginning to see an outflow to countries with cheaper labour costs.

What that means in practice is that China must begin to concentrate on quality, where once “Made in Japan” was synonymous with “cheap rubbish” now “Made in Japan” is an indicator of great quality, well built, high standard goods. Japan achieved this through a platform known as “Kaizen” which was later exported to a flagging US manufacturing sector in the form of “Total Quality Management”.

While the methods may have changed over the years, to include lean manufacturing and six sigma, the principles have not. Consumers with high disposable incomes are willing to pay extra for goods that last, and if China wishes to continue to grow its market share it must begin to focus on quality. This has been well known by Western expatriates in the country for a long time, but it seems to have been a point that has passed the government by until now.

This week the Ministry of Commerce announced that there will be a national focus on improving export goods quality for the next year. This is built on the concerns that years of booming growth may slow over the next year as overseas demands slump due to the factors of poorly performing economies and new entrants such as Bangladesh muscling in on the low end, low cost manufacturing.

The minister himself has acknowledged that trade growth may only continue if Chinese products are seen to be guaranteed as high quality, and there is cautious optimism that this route may also prevent the frictions of “anti dumping” lawsuits in many of China’s major export markets.

The theory behind this is that better made goods will be more expensive to produce and export, and thus pricing will come more into line with that expected in the EU and the US, the two high value markets the country depends on for internal growth.

Given this focus there are clear opportunities for training providers who can offer quality management programmes for the manufacturing sector in Chinese. The adult education industry is a low cost entry-point for companies in China with minimal regulation, unlike the children’s education sector which is very heavily regulated.…