Powered by RND
PodcastsBusinessMaking Chips Podcast for Manufacturing Leaders

Making Chips Podcast for Manufacturing Leaders

MakingChips LLC
Making Chips Podcast for Manufacturing Leaders
Latest episode

Available Episodes

5 of 484
  • Building a Winning Team: Matt Wardle’s Blueprint for Machine Shop Success, 483
    Every machine shop leader knows you can buy the best equipment, implement cutting-edge automation, and have bulletproof processes—but without the right team and culture, growth will stall. In this episode of MakingChips Machine Shop MBA, we talk with Matt Wardle, President of JD Machine, about how he transformed a small Utah shop into a 210-person powerhouse by prioritizing people and culture over everything else. Matt’s story shows what happens when leadership takes workforce development seriously. From his early days as a 10-person shop owner watching competitors poach his talent, to becoming a two-time Top Shops winner recognized for HR and culture, Matt has built a system for attracting, training, and retaining the kind of people who make growth possible. We dive deep into JD Machine’s unique approach to workforce development: Department of Labor-approved apprenticeship programs, high school counselor outreach, profit-sharing models, mentorship incentives, and cultural rituals like celebrating apprenticeship completions with a “Masters Jacket.” The result? A company that not only keeps top talent but grows its own leaders from within. If you’ve ever wondered how to build a resilient shop culture where employees feel invested, customers trust your team, and growth becomes sustainable, this conversation delivers the blueprint. Matt shows that “winning” in manufacturing isn’t just about throughput or margins—it’s about building people who build the business. Segments (0:58) Introducing Matt Wardle of JD Machine: from 10 employees to a 210-person operation (4:30) Early lessons in retention and the shift from poaching talent to building a pipeline (7:44) Why you should register and see us at AMT’s MTForecast (11:41) Community outreach: hosting school counselors, sponsoring robotics, and changing perceptions (17:10) Open houses, virtual field trips, and branding your shop to future employees (15:00) Mentorship structure, incentives for trainers, and celebrating completions with the “Masters Jacket” (19:20) Tracking the right metrics: turnover, reviews, skill increases, and retention as KPIs (22:58) Apprenticeship program design: 8,000 hours, Department of Labor approval, and clear pay raises (27:57) Grow your top and bottom line with CliftonLarsonAllen (28:32) How small shops can scale their workforce systems over time (30:18) Building your own curriculum: Tooling U, NTMA U, Titans of CNC, and customizing courses (31:50) Encouraging on-the-job learning during machine cycle times (34:10) Mentorship structure and incentives for experienced machinists training apprentices (36:05) Recruiting under-18 students through legislative partnerships and state risk management (37:52) How NTMA chapters create collaboration and make SkillsUSA more impactful (39:35) Balancing competitive pay with margins and long-term stability (43:58) Profit-sharing and open-book management to drive engagement and retention (44:44) Lessons learned from losing good employees and being proactive about retention (49:55) Matt’s closing thoughts: people who align with your core values become your greatest asset  (51:40) The countdown is on: See us at Top Shops 2025 in Charlotte, NC Resources mentioned on this episode JD Machine Connect with Matt on LinkedIn Why you should check out AMT’s MTForecast Matt’s episode on Machine Shop Mastery (all about culture) Grow your top and bottom line with CliftonLarsonAllen (CLA) The countdown is on: See us at Top Shops 2025 in Charlotte, NC (code MAK20 for 20% off) Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube
    --------  
    53:10
  • Capturing the Human Side of Manufacturing with Chad Schmidt, 482
    Every machine shop has a story—and Chad Schmidt has made it his mission to tell them. As a sales engineer + content creator, Chad blends his technical background with a passion for storytelling. He creates authentic shop tour videos that shine a spotlight on the people, culture, and values driving the manufacturing industry. His YouTube channel has quickly gained traction, giving machinists and shop owners a platform to showcase their work in an honest and unpolished—but deeply engaging—format. In this episode of MakingChips, Chad shares his journey from tool rep to filmmaker and how a pandemic-era discovery of shop tour videos sparked his creative pursuit. He opens up about the challenges of convincing shop owners to go on camera, the humility he sees in the most successful leaders, and the business trends shaping machine shops across the country. The conversation dives into everything from diversification and leadership mindsets to adopting new technology and empowering the next generation of machinists. Whether you’re a seasoned shop owner or just starting out, Chad’s perspective reveals why authenticity, culture, and a willingness to evolve are essential ingredients for long-term success in manufacturing. By capturing raw, human-centered stories, Chad isn’t just documenting the industry—he’s helping elevate it. Tune in to hear his take on where shops are thriving, where they’re struggling, and what lessons every leader can take away from the tour videos that are inspiring thousands online. Segments (0:20) Grow your top and bottom line with CliftonLarsonAllen (2:06) How Chad got started in machining sales and what led him to shop tour videos (4:23) Inspiration from John Saunders’ NYC CNC channel during the pandemic (6:17) Balancing a sales career with filming shop tours and support from his company (7:12) Campro’s machine offerings and focus on job shops (8:19) Shop owners’ mixed reactions to being filmed and overcoming hesitations (11:06) Challenges of being on camera and blooper stories from filming (12:44) Insights from visiting shops: leadership humility, culture, and mindset trends (14:39) Tariffs, diversification, and the impact of customer concentration (17:43) Correlation between humility, ambition, and business growth (20:18) Balancing business ambition with family and personal life (20:58) Get transparency in the heat-treating process with Phoenix Heat Treating (22:07) Lifestyle businesses vs. growth-oriented shops and the risks of coasting (24:31) Stories from younger shop owners and COVID-era startups (26:05) Funding and customer acquisition strategies for new shops (27:27) How to leverage Xometry as a launchpad (time will change from this on after edit) (28:42) Observations on technology adoption: probing, CAM, ERP, and monitoring tools (33:25) Empowering younger team members and building fulfilling shop cultures (38:49) Shop cleanliness, lighting, and layout as indicators of culture and success (40:51) Biggest takeaways: zero-point workholding and inspiring shop stories (41:54) COVID-era entrepreneurs starting shops from scratch (44:58) Hire your next manufacturing leader with Hire MFG Leaders Resources mentioned on this episode Chad’s YouTube Channel Connect with Chad Schmidt Campro USA NYC CNC Get transparency in the heat-treating process with Phoenix Heat Treating Grow your top and bottom line with CliftonLarsonAllen MW Machine Motive Machine Works Hire MFG Leaders Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube
    --------  
    46:00
  • The Gold Standard of Shop Finance: Cash Flow, Profit, and Growth, 481
    Running a machine shop isn’t just about cutting chips—it’s about managing the numbers that make the whole operation possible. In this Machine Shop MBA episode of MakingChips, the team sits down with Jon Hughes of CLA to tackle one of the most overlooked yet critical parts of shop ownership: financial strategy. Many shop leaders rise through the ranks of the shop floor without formal financial training. The books often become “just compliance”—something you do because you have to file taxes. But as Jon makes clear, your financial systems can be far more than compliance—they can be a competitive advantage. From managing cash flow to planning for growth and capital expenditures, the way you handle money directly impacts your ability to survive downturns, seize opportunities, and build wealth. In this episode, we dig into why cash flow is king, what “working capital” really means for a shop, and how to navigate customer payment terms that often feel stacked against smaller manufacturers. They also explore practical strategies for budgeting, forecasting, and job costing—ensuring that every hour and every order drives long-term profitability. Packed with stories, humor, and battle-tested advice, this episode equips shop owners with the knowledge they need to turn finance into a weapon rather than a weakness. Whether you’re just trying to make payroll or planning your long-term exit, these insights will help you keep making chips—and making money. Segments (0:46) Join us at Top Shops 2025 in Charlotte, NC! (6:05) Finance as more than compliance: a competitive advantage (7:45) Cash flow vs. accrual accounting in day-to-day operations (10:40) The profitability vs. cash flow argument (14:10) Managing uncertainty and strengthening the balance sheet (15:09) Working capital defined: how much is enough and how to measure it (18:15) Current ratio explained and what “healthy” looks like (22:15) Owner compensation: salaries vs. distributions and tax implications (23:48) Achieve RASRAM by checking out the SME Autoblok catalogue  (25:28) Strategies for managing receivables, payables, and customer terms (31:08) Invoicing hygiene and avoiding clerical delays in payments (32:40) Following up on overdue invoices and staying proactive (36:32) Adjusting pricing to offset extended payment terms (38:45) Budgeting and forecasting as part of long-term financial strategy (44:56) Job costing and the 80/20 rule of profits and losses (48:10) Building financial review cadences and making finance a competitive advantage (50:20) Grow your top and bottom line with CliftonLarsonAllen (CLA) Resources mentioned on this episode Join us at Top Shops 2025 in Charlotte, NC! Use code MAK20 for 20% off Funding Your Dream Shop: Creative Ownership Strategies You Haven’t Heard Yet Profits Aren't Everything, They're the Only Thing Business Model Generation Achieve RASRAM by checking out the SMW Autoblok catalogue  Grow your top and bottom line with CliftonLarsonAllen (CLA) Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube
    --------  
    51:32
  • What's the Secret to Happy Customers? 480
    At the heart of every successful machine shop isn’t just the parts it produces—it’s the experience it delivers to its clients. In this episode of MakingChips (part of our Machine Shop MBA series), we sit down with Andy Reinwald, President of Ripley Machine, to unpack what it really takes to deliver an excellent client experience in manufacturing. Andy shares his journey of stepping into leadership at a young age, navigating the challenges of declining sales, and transforming Ripley Machine into a recognized Top Shops award winner. His story proves that client experience doesn’t happen by accident—it’s built intentionally through systems, communication, and values that shape the culture of the entire shop. From implementing ISO and ProShop ERP, to instilling a daily rhythm of accountability and continuous improvement, Andy reveals the practical steps his team has taken to turn Ripley into a trusted partner for its customers. Along the way, he highlights how something as simple as quick communication—or as complex as restructuring internal systems—can make all the difference in retaining clients and earning their loyalty. Whether you’re a seasoned shop owner or just starting out, this conversation will challenge you to look at your business through the lens of your customers. Because at the end of the day, consistency, transparency, and responsiveness aren’t just “nice to have”—they are the foundation of growth and profitability. Segments (0:32) How Phoenix Heat Treating provides next-level transparency (2:18) Why client experience is the capstone of the Machine Shop MBA series (3:39) Introducing guest Andy Reinwald of Ripley Machine (5:00) Family business history, early days in the shop, and finding a passion for manufacturing (8:47) Becoming shop foreman at 19, buying the business at 21, and facing business challenges (12:11) Lessons learned: Poor customer experiences and the wake-up call (17:26) The values of transparency, accessibility, and responsiveness (20:00) Practical changes: communication, customer-specific notes, quoting with Paperless Parts, and implementing ProShop ERP (27:04) Investing in ProShop is an investment in your shop (28:39) The power of quick, honest communication and technology that supports it (35:05) Building culture: consistency, details that matter, and systems that allow Andy to step away (37:23) How Andy roots his business values on his faith (39:10) Going above and beyond for customers (42:38) How Andy hires according to a fit for his culture (44:54) Implementing daily drumbeat meetings and lean principles (50:04) Ripley Machine’s Top Shops award journey and continuous improvement (55:42) Joins us at the Top Shops 2025 Conference in Charlotte, NC Resources mentioned on this episode Could Phoenix Heat Treating solve your bottleneck? Investing in ProShop is an investment in your shop Joins us at the Top Shops 2025 Conference in Charlotte, NC Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube
    --------  
    57:12
  • Inventory Management Strategies Every Machine Shop Should Steal, 479
    Inventory and materials management may not sound glamorous, but for us—and for any thriving shop—it’s the difference between healthy cashflow and a financial chokehold. In this Machine Shop MBA conversation, we break down how smart inventory practices—both physical and digital—can free up space, cut costs, and improve delivery performance. From raw materials and finished goods to WIP and cutting tools, we share the financial, operational, and workflow implications of what you keep on the shelf (and what you shouldn’t). You’ll hear real-world examples of vendor-managed material programs, strategies for keeping traceability without burying yourself in admin work, and ways we’ve turned “dead” stock into real cash. We also dig into why inventory accuracy matters beyond just making parts—touching on tax implications, property valuations, and how inventory missteps can kill the value of your business in a sale. And if you’ve ever lost hours hunting for the right cutter or fixture, our storage and tracking advice might change the way you think about tooling forever. This episode isn’t about counting nuts and bolts—it’s about building an inventory strategy that supports your cashflow, your team’s efficiency, and your long-term profitability. Segments (0:24) Paperless Parts: Quoting made simple, profitable, and powerful (3:09) Why inventory is “sneaky important” for cashflow, workflow, and profitability (4:00) Common categories: raw materials, finished goods, consumables, and workholding (6:30) “Part stock” vs. catalogued vs hybrid strategies (7:58) Calculating the real cost of capital when buying material in bulk (10:45) Consolidating material sizes to reduce stock complexity (13:07) Physical storage, traceability, and avoiding costly scrap from lost certs (15:07) Labeling and marking best practices—from PO numbers to color codes (19:05) Storage layouts that save space and speed up retrieval (22:28) FIFO, LIFO, and how inventory accounting can impact your taxes (24:07) Why you need to check out the SMW Autoblok Catalogue  (24:50) Why WIP can matter for accurate financials and business valuation (29:24) Cycle counting vs. painful year-end full inventory counts (33:26) Real-world wins from knowing exactly what’s on your shelves (36:10) Avoiding the trap of overbuilding and obsolete finished goods (39:09) Using contracts and order commitments to protect yourself from rev changes (42:02) Inventory strategies for cutting tools—your most critical shop consumable (45:11) The value of having the right tool at the right time vs. lowest cost (49:45) Why random storage beats “organized” by type for cutting tools (52:19) Fixture storage, location tracking, and purging rarely used setups (54:39) How reviewing inventory can generate sales and free up cash (57:35) Key takeaways for building a smart, profitable inventory strategy  (58:42) Grow your top and bottom line with CLA Resources mentioned on this episode Tooling and the Demon of Chaos Unlocking Tax Savings: Essential Strategies You Can Implement Immediately Paperless Parts: Quoting made simple, profitable, and powerful Why you need to check out the SMW Autoblok Catalogue  Grow your top and bottom line with CLA Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube
    --------  
    59:54

More Business podcasts

About Making Chips Podcast for Manufacturing Leaders

Manufacturing is tough—but you don’t have to go it alone. If you're leading a manufacturing business, you face constant pressure: staying competitive, adopting new tech, managing people, and driving growth. MakingChips helps you tackle those challenges head-on. Since 2014, we’ve been equipping manufacturing leaders with the knowledge and inspiration they need to succeed. With hundreds of episodes and over a million downloads, MakingChips is a top resource for the metalworking nation—covering leadership, operations, technology, and workforce development. If making chips is part of your daily grind, this is your podcast. Join hosts Nick Goellner, Mike Payne, and Paul Van Metre for real talk on the issues that matter most.
Podcast website

Listen to Making Chips Podcast for Manufacturing Leaders, Ask About Wealth and many other podcasts from around the world with the radio.net app

Get the free radio.net app

  • Stations and podcasts to bookmark
  • Stream via Wi-Fi or Bluetooth
  • Supports Carplay & Android Auto
  • Many other app features
Social
v7.23.9 | © 2007-2025 radio.de GmbH
Generated: 9/17/2025 - 10:28:42 AM