by Christina Solomon, CPA/CVV, CFE, CGMA and Michael J. Devereux II, CPA, CMP, Mueller Prost Fraud takes on many forms, resulting in substantial financial losses and exposing your company to undue risk. Fraud can be perpetrated by internal sources – those employees, managers and even owners who are implicitly trusted, yet this group historically has caused losses exceeding a … [Read more...] about Five Places to be on the Lookout for Fraud
Legal / Accounting
Negotiating Customer Supply Agreements
by Liz Stevens, contributing writer, Plastics Business Editor’s Note: This article was drafted based on a panel discussion at the MAPP Benchmarking & Best Practices Conference, which was held virtually in October 2020. The strategies detailed here are only a small portion of the content shared. For more information, visit www.mappinc.com. Plastics processors are seeing … [Read more...] about Negotiating Customer Supply Agreements
CARES Act Provides Relief to Plastics Processors
by Michael J. Devereux II, CPA, CMP, Mueller Prost On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act – the largest relief package ever passed by Congress almost three times over – into law, thereby ushering a host of new lending and tax provisions available to plastics processors. The CARES Act made several … [Read more...] about CARES Act Provides Relief to Plastics Processors
KPI: The Need to Measure
by Michael J. Devereux II, CPA, CMP, partner Mueller Prost Measurement. It is one of the best tools we have at our disposal for improvement. But what metrics are important to measure? Every plastics processor uses some sort of key performance indicators (KPI) to assess how the company is performing. However, performance is a relative term, and while some performance metrics … [Read more...] about KPI: The Need to Measure
5 Steps to Better Supply Agreements
by H. Alan Rothenbuecher, partner Benesch, Friedlander, Coplan & Aronoff LLP Supply agreements serve as the lifeblood of many manufacturing companies. These agreements outline the terms and conditions controlling the supply of goods and services between various parties. Without this framework, many businesses could not meet the pressing demands of the modern-day … [Read more...] about 5 Steps to Better Supply Agreements