New tool sets were developed to meet the Country of Origin requirements of the Trade Agreements Act.
There are 86 new Master Tool Sets developed to meet the Country of Origin (COO) requirements for the Trade Agreements Act (TAA), and are identified by the addition of GSA to the SKU number. Many sets were already compliant but the addition of these new sets means that the company now has a TAA-compliant version of every Master set in its line.
The General Services Administration (GSA) includes TAA compliance in its periodic audits, and has levied stiff fines on companies caught selling non-compliant products. Making sure that a product meets all the TAA requirements can be a complicated task and requires regular review and documentation of where materials were sourced, where each and every component was manufactured, and what countries are currently on the TAA list. In-house systems have been developed to track all of this information, and to ensure that TAA compliant sets meet all of these requirements.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey