Funding Will be Used to Train Moreng Staff in the Use of Lean/Continuous Improvement Skills Necessary to Improve Company Performance
SaxBST's Strategic Leadership (SaxBST-SL), formerly known as Sax Macy Fromm, was retained by Moreng Metal Products to guide it in making a cultural transition to becoming a more competitive company. The company collaborated with SaxBST to obtain a $35,000 training grant from the New Jersey Department of Labor (NJDOL). The grant is part of the department's Skills4Jersey program, designed to encourage the state's economic growth by increasing the productivity and skills of its workforce.
"As the global economy continues to evolve, companies need to become more efficient in order to grow and succeed. One of the most effective ways to achieve this objective is to better utilize all of our resources, especially the employees' talents," said Jaime R. Moreng, Moreng's vice president of sales and business development. "This funding will be utilized to transition our culture to a lean/continuous improvement organization focused on the highest quality at the lowest possible cost."
As Moreng Metal's trusted business advisor, SaxBST recommended that the Totowa-based manufacturing company train the entire organization in lean process improvement and zero defect skills, then assisted in preparing the application for the state grant.
"This is one example of how we provide support and services beyond the scope of a traditional accounting firm. Our friends at Moreng Metal recognize that and this training will enable the company to gain a competitive advantage by properly utilizing all resources, material, equipment and personnel," said Robert Devine, SaxBST-SL's consulting principal.
Moreng Metal Products manufactures precision metal products for the telecommunications, healthcare, renewable energy, electronics and rail industries. The company also provides products for data centers, construction and security systems.
One of the top 100 accounting firms nationally, SaxBST is a multi-disciplinary accounting, tax and advisory firm serving the needs of closely held companies, family-owned businesses, not-for-profit entities and high-net-worth individuals throughout the New York tri-state area. Based in Albany, N.Y.; Clifton, N.J.; Mineola, N.Y. and New York City, SaxBST is the outgrowth of a merger between two of the area's most prominent accounting firms, Sax Macy Fromm & Co., PC (SMF) and Bollam, Sheedy, Torani & Co. LLP (BST). SaxBST's expertise covers a range of industry areas and niches including real estate, construction, manufacturing and distribution, employee benefits, retail, financial services, healthcare, professional services, not-for-profit, governmental entities and labor unions.