The Intercontinental Manufacturing Company (IMCO) was formed in the Dallas, Texas area in 1948 by Harold J. Silver and Robert F. Yonash, initially to fulfill an order from Argentina for tractors. IMCO soon changed focus to defense subcontracting, where it remains today.
In 1948, Harold J. Silver, a New York business man with connections in Argentina, had obtained a firm order for 3000 tractors there and had a letter of credit guaranteeing payment as soon as they were delivered dockside. The tractors were to be made of components from various sources, including Nateco (National Equipment Company of Texas) tractor base, a Continental Motors Company engine, and a Timken Company transaxle assembly. The bad news was that it was now May, and the contract required delivery by January 1, 1949. Any delay and the sales would probably be lost to established manufacturers.[1]
Silver went in search of a supplier. The Republic National Bank of Dallas referred him to Robert F. Yonash, who had listed himself as a business consultant with the bank. Silver hired Yonash to attend a meeting of the project participants to get things organized. The meeting was in a hotel. When Bob got to the room, the meeting participants were yelling at each other so loudly that they couldn’t hear him knocking on the door. Finally, he got in and got things calmed down. When he started asking questions, he found out that there was a mixture of languages in the room, and no one person had enough languages to talk to the entire room. Several people had two or more, so they had to translate for the others.[2]
This meeting eventually led to the tractor that was the foundation for the Intercontinental Manufacturing Company (IMCO).
Bob thought it ought to be worth a fat fee to pull this deal out of the fire and turn out a finished product with fairly high volume in seven months. The Intercontinental Manufacturing Company, which at that point existed only in a briefcase, didn't disagree, but their doubts that it could be done were apparent when they scaled back Bob' s salary request and offered him $5 for each tractor delivered on time instead.
Industrial manufacturer Eaton Corporation has re-launched its voluntary benefits book for its 3,500 employees.
The company re-launched its benefits book in conjunction with the Personal Group to ensure employees are kept up to date with the benefits available to them.
The voluntary benefits book was originally launched two years ago but Eaton found the benefits on offer had changed. For example, new retail companies have joined the scheme.
The company tracked the buying preferences of employees over the last two years to determine which benefits staff found most valuable.
Sue Cheyne, UK HR manager at Eaton Corporation said: “In the last couple of years some of the holiday discounts have been of less interest, but the retail ones that allow [staff] to save money on their shopping bill, have become very pertinent.”
I have been working in the IT industry for nearly 20 years now and I have always worked very closely with the manufacturing sector. In this time I have been fortunate to work for companies in the Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP) and Business to Business (B2B) IT sectors. Over this time I have seen new IT trends come and go, but one trend that I think will be around for some time is Cloud Computing.
The manufacturing sector is truly global in nature and has a diverse range of suppliers working in both established and emerging markets. Now I have discussed B2B in the emerging markets in previous blog posts so I do not intend discussing the benefits of why companies should establish a presence in these regions as they are fairly well documented. What I would like to try and cover in this blog post is why cloud computing will help change the way in which manufacturers run their operations around the world.
You are vital to the success of Fujitsu and your employee benefits are an important element of your overall compensation. Our benefits program provides you and your family with a health plan and insurance protection against unforeseen events, and provides flexible work hours, subsidized transportation, workplace perquisites, a generous number of paid holidays, and much more:
Medical insurance and life insurance for you and your family
Overtime benefits
Flexi-timing
Subsidized transportation
Onsite café facilities
Onsite gym and health care facilities
Seven paid holidays per year
Three floating holidays per year
21 vacation days per year
Leave encashment
Gratuity benefits
Employee referral program
In 1948, Harold J. Silver, a New York business man with connections in Argentina, had obtained a firm order for 3000 tractors there and had a letter of credit guaranteeing payment as soon as they were delivered dockside. The tractors were to be made of components from various sources, including Nateco (National Equipment Company of Texas) tractor base, a Continental Motors Company engine, and a Timken Company transaxle assembly. The bad news was that it was now May, and the contract required delivery by January 1, 1949. Any delay and the sales would probably be lost to established manufacturers.[1]
Silver went in search of a supplier. The Republic National Bank of Dallas referred him to Robert F. Yonash, who had listed himself as a business consultant with the bank. Silver hired Yonash to attend a meeting of the project participants to get things organized. The meeting was in a hotel. When Bob got to the room, the meeting participants were yelling at each other so loudly that they couldn’t hear him knocking on the door. Finally, he got in and got things calmed down. When he started asking questions, he found out that there was a mixture of languages in the room, and no one person had enough languages to talk to the entire room. Several people had two or more, so they had to translate for the others.[2]
This meeting eventually led to the tractor that was the foundation for the Intercontinental Manufacturing Company (IMCO).
Bob thought it ought to be worth a fat fee to pull this deal out of the fire and turn out a finished product with fairly high volume in seven months. The Intercontinental Manufacturing Company, which at that point existed only in a briefcase, didn't disagree, but their doubts that it could be done were apparent when they scaled back Bob' s salary request and offered him $5 for each tractor delivered on time instead.
Industrial manufacturer Eaton Corporation has re-launched its voluntary benefits book for its 3,500 employees.
The company re-launched its benefits book in conjunction with the Personal Group to ensure employees are kept up to date with the benefits available to them.
The voluntary benefits book was originally launched two years ago but Eaton found the benefits on offer had changed. For example, new retail companies have joined the scheme.
The company tracked the buying preferences of employees over the last two years to determine which benefits staff found most valuable.
Sue Cheyne, UK HR manager at Eaton Corporation said: “In the last couple of years some of the holiday discounts have been of less interest, but the retail ones that allow [staff] to save money on their shopping bill, have become very pertinent.”
I have been working in the IT industry for nearly 20 years now and I have always worked very closely with the manufacturing sector. In this time I have been fortunate to work for companies in the Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP) and Business to Business (B2B) IT sectors. Over this time I have seen new IT trends come and go, but one trend that I think will be around for some time is Cloud Computing.
The manufacturing sector is truly global in nature and has a diverse range of suppliers working in both established and emerging markets. Now I have discussed B2B in the emerging markets in previous blog posts so I do not intend discussing the benefits of why companies should establish a presence in these regions as they are fairly well documented. What I would like to try and cover in this blog post is why cloud computing will help change the way in which manufacturers run their operations around the world.
You are vital to the success of Fujitsu and your employee benefits are an important element of your overall compensation. Our benefits program provides you and your family with a health plan and insurance protection against unforeseen events, and provides flexible work hours, subsidized transportation, workplace perquisites, a generous number of paid holidays, and much more:
Medical insurance and life insurance for you and your family
Overtime benefits
Flexi-timing
Subsidized transportation
Onsite café facilities
Onsite gym and health care facilities
Seven paid holidays per year
Three floating holidays per year
21 vacation days per year
Leave encashment
Gratuity benefits
Employee referral program