NewStream’s Director of Sales is at the Green Industry and Equipment (GIE) Expo this week in Louisville, Kentucky. In its press release, the expo forecasts to have more than 24,000 attendees walking through 500,000 square foot of exhibition space inside the Kentucky Exhibition Center today through Friday.
NewStream's General Manager and Director of Sales and Marketing are both in attendance this week at the Contract Packaging Association's (CPA) Annual Meeting 2018 in New Orleans, Louisiana.
Per the CPA website, the 2018 Annual Meeting provides attendees with "deep insight into how relationships, regulatory compliance, technology marketing and education can all come together to positively impact your bottom line."
This morning, the team listened to Jeff Forrest from Forrest Performance Group talk about Why Training Fails.
About NewStream Enterprises | NewStream (NSE) offers original equipment manufacturers (OEM) customized supply chain management solutions in a variety of industries. Services include kitting, service parts packaging, assembly, sub-assembly, sequencing to the production line, warehousing, distribution, critical order fulfillment and vendor managed inventory. NewStream can manage all or any segment of the OEM's supply chain process. Our services are customized to fit your requirements. From materials management, to direct order fulfillment, NewStream becomes a seamless extension of your business.
About the Contract Packaging Association | The Contract Packaging Association (CPA) is the national, nonprofit trade organization for the Contract Packaging industry.
Formed in 1992 for contract packaging firms and those businesses related to them, CPA promotes the growth and welfare of member firms through its industry exposure and programs.
CPA members are comprised of the nation’s leading contract packagers, which perform all packaging functions; from the simplest to the most complex and from the glamorous to the hazardous. Our members offer these packaging services to an extremely wide variety of consumer goods companies and these services range from manual and semi-automatic to full-speed, high performance packaging lines.
Gearing Up for First Ever Reman Day
The Global Reman Day is a first important step in a long-term effort to tell the reman story and create awareness of the benefits of remanufacturing. Here is what some companies are doing about it
The NewStream Activities Committee ran a Valentine-Gram campaign last week and delivered Valentine-Grams to employees on Valentine's Day this week. Employees were able to purchase the Valentine-Grams for co-workers for $1 with all proceeds benefiting the SRC Employee Emergency Assistance Fund.
Thank you to everyone who participated! The campaign raised a total of $427 for the fund.
About the SRC Employee Emergency Assistance Fund | At SRC, our associates have the opportunity to help each other in times of crisis by participating in the SRC Employee Emergency Assistance Fund. This program allows associates to not only give to the fund, but also to apply for assistance during natural disasters, emergency family travel, medical hardship, and personal emergencies. Make a Donation or Apply for Assistance.
Navistar Recognizes Key Suppliers With 'Diamond Supplier' Status
LISLE, Ill., Feb. 15, 2018 /PRNewswire/ -- Navistar this week recognized 32 top-performing suppliers with its annual Diamond Supplier Award. This select group, which represents the top two percent of the company's supply base, helped Navistar deliver on its uptime promise and exceeded the performance expectations for quality, delivery, technology, and cost.
"We are delighted to acknowledge our best suppliers with the elite Diamond Supplier Award," said David McKean, vice president, Procurement and Logistics, Navistar. "The suppliers earning top honors this year demonstrated an unwavering commitment to quality, delivered customer value and partnered with us on cost-effective, innovative solutions."
From freight and engineering services to defense, electronics, powertrain components, advanced safety and brake systems, the Diamond Supplier Award recognizes suppliers from around the world. The latest group of Diamond Suppliers includes a diverse group of businesses owned and operated by women, minorities, veterans, small and large companies from the Midwest and other areas of the United States, as well as global suppliers from Mexico.
This year's recipients include:
- Prestolite Electric Inc.
- AL3 Inc.
- Marion Body Works, Inc.
- AxleTech International
- Milton Manufacturing, Inc.
- Bendix Commercial Vehicle Systems LLC
- Newstream Enterprises
- Robert Bosch LLC
- NSI Crankshafts
- Caresoft Global Inc.
- Parker Engine Mobile Original Equipment Division
- Cloudera, Inc.
- PKC Group
- Cummins, Inc. Engine Business Unit
- PricewaterhouseCoopers Advisory LLC
- Donaldson Company, Inc.
- Shippers Automotive Group
- Durable Products, Inc.
- Superior Trim
- Express Packaging
- T/CCI Mfg. LLC
- Fontaine Fifth Wheel
- Tech Mahindra Ltd.
- Grupo HG Transportaciones S.A. de C.V.
- TruckMovers.com, Inc.
- Transportation Service Inc.
- Maxion Inmagusa
- Voss Automotive Inc.
- Imperial Express
- ZYNP International Corp
Navistar experienced a breakthrough year in 2017 as we returned to profitability and, in large part, it was through positive supplier relationships the help us bring new, customer-centric innovations to market," McKean added. "The class of 2017 Diamond Suppliers are among the best in the business. We think 2018 is shaping up to be one of the strongest industry years this decade, and by working together, we can make it a breakout year for Navistar complete with great products that lead the industry in uptime."
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, proprietary diesel engines, and IC Bus® brand school and commercial buses. An affiliate also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com.
* All marks are trademarks of their respective owners.
News Release Issued: Feb 15, 2018 (4:31pm EST)
To view this release online and get more information about Navistar visit: http://media.navistar.com/index.php?s=43&item=912
NewStream Enterprises (NSE) would like to congratulate Ryan Carroll for his recent promotion to Materials Manager, a role previously held by Rex Wright, Director of Supply Chain.
In his new role, Ryan will be responsible for managing materials flow and maintaining accuracy of all aspects of NewStream's kitting, packaging and light assembly services, including transactions, procurement, planning, scheduling to ensure order fulfillment.
Ryan has been with the SRC companies and joint ventures for over seven years now. He started his career with a former SRC company - Guildmaster Furniture - in 2010 where he was the first in-house sales person, eventually working his way up to the National Account Sales Manager role. In 2014, Ryan made his way over to NSE in the materials department to assist with the transition of an OEM customer to NSE. Since this time, he has added accounts to his list of responsibilities.
NewStream Enterprises is seeking qualified applicants for the Customer Service Intern position at its Springfield, MO location. The primary function of this position is to assist the Account Managers in coordinating all functional areas of the Sales and Marketing Department.
Wishing you and your family a prosperous new year!
Remanufacturing legend Jack Stack freely admits he adores the industry. He talks to ReMaTecNews US correspondent Denise Rondini about challenges, what companies needs to do to overcome them – and why he lives by income statements.
If you ask Jack Stack, CEO of SRC Holdings, what’s changed in remanufacturing since he first started the company in 1983, he’ll tell you ‘not much’. “My feeling is that it is still not consumer-driven,” he says. “When it comes down to going out and appealing to the consumer, I think we fall short.” Stack says it is the remanufacturing industry itself that has failed to do a good job of educating the consumer about its benefits – and that lack of education is in part responsible for one of the biggest challenges faced by remanufacturing: a shortage of new talent. Stack is addressing that challenge by developing a remanufacturing programme at the Ozarks Technical College. “We are now running and have classrooms inside our factory that are available to high school juniors and seniors who want to understand manufacturing and remanufacturing,” Stack explains.
In fact, 17 school districts are now part of the programme and about 50 students have spent a semester at SRC getting credit for classes they take there: “We are building bridges between kids that at one time thought a factory was a place they did not want to be. We are showing them that a factory of today isn’t a factory of the industrial revolution.” SRC is based in Springfield, Missouri, and Stack says the company is doing outreach to grammar schools by opening up the factory during the summer, allowing students to visit. He says part of the problem finding people is that remanufacturing doesn’t get the respect it should as a job creator in a local area. “Maybe a lot of that is because we don’t pat ourselves on the back and we don’t market ourselves that way. We are really a labour-intensive industry and you would think that would have a little more focus on an political level.” Stack says the high-tech world is touted as a place to go, but explains there is not a lot of labour involved. “I am prejudiced because I am in love with remanufacturing. I am prejudiced because I see all the benefits it has. It has created a tremendous amount of wealth for people in our community and it is sustainable over a long period of time,” he says. “But it is not for us to moan about. It’s for us to go do something about.” Stack does just that, spending a lot of time working with members of the US Congress, local officials and local institutions to raise awareness of remanufacturing, its ability to create jobs and its impact on the environment.
Another challenge he sees for the industry is managing the raw materials of remanufacturing. “How do you understand the raw materials? How do you put forth investment and make sure you understand the total life cycle of the product itself?” He says it is important that everyone involved in remanufacturing understands the economic value proposition of a reman programme. Manufacturers need to “plant the seeds” for remanufactured products by having enough new product flow into the market. “You have to keep an eye on the material as it flows year after year. What happens is at the front end of every programme the part is going to be expensive. Then as the product begins to slow down and demand begins to shift you have to be certain that you are not stuck with a tremendous amount of surplus or obsolete inventory,” he explains. Stack has a demonstrated history of what’s needed to be successful in remanufacturing. “You really have to have a tremendous grasp of mathematics and income statements and financials. It is about financial literacy if you want to play in this marketplace. Everyone in your organisation needs to have financial literacy.”
Stack explains that financial statements have been around since the 1400s. “They have not changed very much over the years, yet few people know how to read them even though many billions of lives have been affected by financials.” Stack says they are like “a living crystal ball because they tell you what you have got to do in order to build your company”. They point out a company’s strengths and its weaknesses. “Then you have to have the guts to make the needed changes. That is the hard part,” he says.
The Great Game
Stack believes that, while SRC is apparently all about remanufacturing, the real business of the company is education: in other words, teaching employees to understand a company’s balance sheet leads to innovation, creativity and entrepreneurship. “When [employees] can see the scorecard, they can come up with ideas,” he says. “I don’t know why everyone is looking at markets for answers - to me you have your answers right there in the balance sheet.” Stack’s philosophy, outlined in his book The Great Game of Business, relies on complete transparency with staff. “We started out in the beginning, opening our books to our employees. Then we began to open our company to anyone who wanted to come in and see what we did.” He explains that historically when something goes wrong in a company, “you shoot the person you think is responsible”. But, he explains: “Nine times out of ten you actually have a systems problem.” Leadership to Stack is putting a system in place so that the leader and everyone else in the organisation is working side by side to fix the problem: “It’s not having one charismatic person at the top.” Stack says he has seen many people adopt his philosophy and scale it - so it works in companies with union employees, companies where multiple languages are spoken and companies with many locations. But it was not just other companies learning from it. “We have learned so much from the people that we are associated with related to The Great Game of Business. It is almost as if you are on an accelerated learning process every day.”
Planning for recession
Even though Stack and SRC have achieved great success, he is not content to coast. When asked what he still hopes to accomplish in his career, Stack says: “We put together a plan back in 2009 of what we needed to do by 2019 when we believe there will be a recession. We want to have a balance sheet that will put us in a significant opportunity to be able to double our growth in the five years following 2019.” He said they have targeted a nine-digit number for liquidity on the balance sheet in order to make a move in 2019. “We are planning for a recession,” Stack explains. “We have been through four recessions and we have doubled the value of our business five years after each recession because we had a strong balance sheet.” Stack says SRC is building the balance sheet and is 70% of the way to hitting their goal: “Hitting that is my goal right now and then we will lay out another ten-year plan.” If history is any indication, Stack and SRC should continue to be successful. After all it’s just a matter of balance in order to make absolutely certain you have the strength in order to be successful, according to Stack. He says too many people get trapped on the top line. “Everyone likes cocktail talk about the million-dollar company. We never focus on the top line - we have always focused on the value proposition and how strong our balance sheet was.”
Source: 12/4/2017 ReMaTec News
About ReMaTec | ReMaTec is the world's leading platform for remanufacturing. ReMaTec News and ReMaTec.com are the only international magazine and website dedicated to remanufacturing worldwide. They are independent channels for news, views and developments within the remanufacturing industry.
Throughout the month of November, SRC associates were given the opportunity to participate in an #SRCpride competition. Each associate was given an SRC Employee Owner decal to place where they choose. Once they placed their decal, they could take a photo of it, add a creative caption and post it on social media with the hashtag #SRCpride.
After numerous witty and creative submissions, the top four photos were chosen to receive prizes. The posts were judged on how creatively associates showed their SRC pride. An additional prize was given to the associate who took his or her photo farthest away from their division.
Two of our NewStream associates won prizes!
Congratulations to all of the winners.
- 1st PLACE | Becky Darrow, SRC Holdings
- 2nd PLACE | Hannah Cobb, SRC Lexington
- 3rd PLACE | Mary Bryant, NewStream
- 4th PLACE | Jennifer Potts, NewStream
- FARTHEST DISTANCE | Ed Stranz, Heavy Duty, post made in Palos Verdes, CA (1,428 miles)
You can see all of the creative pictures on the SRC Holdings blog post.
About NewStream Enterprises (NSE) | NSE, a subsidiary of SRC Holdings Corp., was formed in 1990 to provide comprehensive supply chain management to the world’s leading original equipment manufacturers (OEM). It is an employee owned company which truly believes in the power of a workforce when each has a stake in outcome. NewStream offers OEM’s customized product flow management in a variety of industries. Its unique business model provides OEM’s superior cost control, enhanced throughput and service levels, and greater utilization of assets. Furthermore, NSE can significantly reduce liabilities in labor, overhead and inventory through this shared investment.
The employees of NewStream Enterprises (in Joliet, IL and Springfield, MO) raised a total of $505 for the Movember foundation last month.
Congratulations to the #Movember winners!
The Springfield location also held some raffles for those who donated. Congrats to you!
- Ricky Gonzalez | Puma bluetooth speakers
- Maria Martinez | Wal-mart gift card
Thank you to all who participated and donated to the cause.
About Movember | Our fathers, partners, brothers and friends face a health crisis that isn’t being talked about. Men are dying too young. We can’t afford to stay silent. That’s why we’re taking action. We’re the only charity tackling men’s health on a global scale, year round. We’re addressing some of the biggest health issues faced by men: prostate cancer, testicular cancer, and mental health and suicide prevention. We know what works for men, and how to find and fund the most innovative research to have both a global and local impact. We're independent of government funding, so we can challenge the status quo and invest quicker in what works. In 13 years we’ve funded more than 1,200 men’s health projects around the world. By 2030 we’ll reduce the number of men dying prematurely by 25%. Help us stop men dying too young. Join the movement. Learn more at Movember.com.
NewStream Enterprises is seeking candidates to fill two open Materials Specialist roles for a new client. See position summary below.
POSITION SUMMARY: Under the direct supervision of the MGM Account Manager, the position responsibilities include, but are not limited to shipping (freight and parcel) , loading and offloading trucks , processing orders for shipment, pulling orders, receiving trucks, supply boxing line with product, putting away and combining product, working with scanners while ensuring a safe and healthy work environment.
Read complete listing and apply online!
NewStream Enterprises (NSE) would like to congratulate Brendan Maxwell on his recent promotion to Quality Analyst Assistant.
Brendan will assist the head of quality for an NSE customer product line in terms of building work instructions, performing inspections, communicating with suppliers, and completing production part approval process (PPAP) requirements.
In 2015, Brendan started working for NSE as a production employee, moving his way into a picking position soon after. He has been with NSE for just over two years.