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Evaluating Inventory in the Face of Rising Prices

January 10, 2019 6:53 pm Published by Leave your thoughts

An important part of the manufacturing business is managing costs. This can be done in a variety of ways, but tracking inventory is an important aspect. Those who deal with cotton gin parts in Lubbock, TX often have to consider rising prices as they place value on their inventory. How this is done greatly affects costs, revenue and taxes. When prices are on the rise, consider the following methods of evaluating inventory. A quick consultation with your accountant can help you determine which method is best for your business. LIFO Last-in, first-out, abbreviated LIFO, is a common costing method. As... View Article

Some Helpful Cold Weather Safety Tips for Heavy Equipment Operators

December 27, 2018 6:53 pm Published by Leave your thoughts

Will you be operating heavy equipment this winter? Do you know the proper safety precautions to take during cold weather? Mechanical bearings in Lubbock, TX and other equipment components often behave differently in frigid temperatures than they do in warmer weather. With this in mind, it’s important to recognize potential risks and take action to reduce them. To stay safe this winter, use the following cold weather tips. These will help you maximize your work efficiency and minimize your risk: Protect skin from cold burns: Metal components can become quite cold in freezing temperatures. Avoid grabbing handrails or other metal... View Article

Cotton vs. Synthetic Fibers

December 13, 2018 11:02 pm Published by Leave your thoughts

Take a quick glance around your room and take note of everything that is made of fabric or cloth. Curtains, upholstery, bedding, clothing, towels—and the list goes on! Textiles of every sort can be found in every room. Fabric and cloth are a major component of our lives, which is why choosing the right fabrics is so important. If you look at the tags on the cloth items in your home, you will probably find that they are not all made of the same materials. Textiles are made from many different types of materials, but they can be broken down... View Article

The Evolution of the Textile Industry

November 29, 2018 11:02 pm Published by Leave your thoughts

According to the National Council of Textile Organizations (NCTO), as of 2017, the value of the U.S. textile, man-made fiber filament and apparel shipments totaled an estimated $77.9 billion. Out of this total, cotton and wool made up about $5.9 billion. In fact, in 2016, the U.S. was the world’s fourth largest country exporter of fiber, yarn, fabric and non-apparel sewn products. So how did the U.S. become so well-positioned in the textile market? Well, our country has had a long history in the textile industry. As your local source for cotton gin parts in Texas for the past 75... View Article

What Are Some Common Uses of Cotton?

November 8, 2018 3:42 pm Published by Leave your thoughts

When you walk into a retail store, you can find thousands of different products made from materials that are sourced around the world. One of the most common materials used in products on retail shelves is cotton. Cotton has been a staple crop for hundreds of years, and it continues to be very popular in making fabrics for clothing, upholstery and linens. What you might not know about cotton is the fact that it’s also used for a wide variety of other products. Let’s take a look: Clothing: Cotton is a very popular material that’s used for clothing. Everything from... View Article

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