Digital Transformation in Finance Department Delivered Significant Benefits Throughout Company, Sets Strong Example for Manufacturing Industry
Pittsburg, Calif. – August 18, 2020 – Bishop-Wisecarver, a trusted industrial automation company offering linear and rotary motion solutions that are expertly designed and delivered to perform, today announced that it has been recognized as a Manufacturing Leadership Awards winner by the National Association of Manufacturers (NAM). Miguel Danao, Vice President of Finance at Bishop-Wisecarver (BW), received the individual Digital Transformation Leadership Award for successfully leading and implementing operational changes that have resulted in significant cost and time savings in his department and throughout the company.
“As a company, our main focus is providing customers a Signature Experience that includes unparalleled quality, reliability, speed and service to support their individual needs,” said Pamela Kan, President of Bishop-Wisecarver. “Miguel’s leadership on this project is further evidence of this commitment as the technology advancements and operational changes have given each of our departments greater visibility and insights that help us provide quicker, better informed support for each customer.”
Digital Transformation Project Results
The digital transformation effort spearheaded by Danao enabled Bishop-Wisecarver to increase efficiency of its manufacturing shop floor in the assembly process by approximately 30 percent, improve returns (RMA) by 60 percent, improve sales quote-to-close ratio by 10 percent year-over-year, and reduce accounting’s month-end close cycle from 10 business days to a mere three days total. Key to Danao’s leadership success was taking the time to educate employees throughout the company on the goals and benefits of the new technology, as well as the best ways to utilize the data for success, thus empowering each department to recognize and make their own changes.
In a culture of data-driven decision-making, the finance team now provides enhanced transparency by displaying metrics such as the ROI of marketing spend and labor productivity. Self-service reporting gives all company stakeholders greater visibility into the data without having to rely on the finance team to provide this information.
Bishop-Wisecarver and Danao will be recognized at the Manufacturing Leadership Awards Gala, which is to be held virtually on October 8, 2020.
About the Manufacturing Leadership Awards
The Manufacturing Leadership Awards honor manufacturing companies and individual manufacturing leaders that are shaping the future of global manufacturing. Winning projects and individual manufacturing leaders have demonstrated achievement in one of a wide range of categories, and are chosen by a panel of expert judges for results that have delivered clear and compelling value, return on investment, and other tangible outcomes.
About the National Association of Manufacturers
The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.25 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of all private-sector research and development in the nation. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States.
The NAM’s world-class staff of policy experts provide unmatched access and information on the key issues affecting your business and bottom line. We are on the front lines of a wide range of policy battles, from immigration reform and labor relations, to energy and the environment, to trade policy and taxes. At every turn, we are working on behalf of manufacturers in America to advance policies that help manufacturers do what they do best: create economic strength and jobs.
Bishop-Wisecarver’s proven linear and rotary motion solutions are expertly designed and delivered to perform, enabling customers to solve their toughest industrial automation challenges. Leveraging nearly 70 years of experience, from custom machine building to industrial automation solutions, BW has earned the reputation of providing unmatched quality, reliability, service and engineering support for every stage of a customer’s design and production cycle. Combining long-lasting performance with ease of installation, Bishop-Wisecarver’s linear and rotary motion solutions, custom complex assemblies, and technical engineering design and support offer the lowest cost of ownership for a wide variety of applications ranging from Aerospace to Medical to X-Y-Z systems and more. No matter the application or extreme environmental conditions, Bishop-Wisecarver designs innovative solutions from concept to completion, from prototype to production, on time and on budget.
Powelson Communications for Bishop-Wisecarver