In addition to hiring new employees, increasing space and incorporating new tasks and responsibilities into daily operations, one of the biggest factors to consider during company growth is the acquisition of new assets. For manufacturers, this could include the procurement of new equipment that must be properly managed in order to get the most out of each investment. That's exactly what L&E Engineering Co. will be doing at its Greenwood, Indiana facility in the coming years.

According to an article in the Indianapolis Star, the aerospace equipment manufacturer and subsidiary of Ferco Aerospace Group will be expanding at its Greenwood location by investing $3.7 million and adding 52 jobs by 2016. The company will nearly double the size of its current facility and will utilize this new space by investing in new equipment designed to help assist the company's growth path. 

Ensuring the success of this endeavor will require a collaborative effort from a number of professionals, something company executives are optimistic about at this time. L&E Engineering President Greg Sandberg spoke with the news source and shared his enthusiasm for the project and the personnel involved.

"We have a very active group of dedicated, highly skilled people working for us here in Greenwood," Sandberg said.

While having the right equipment will help, being able to manage these assets, along with all new employees, will require a business management software system designed to track information and build efficiency into all maufacturing operations. Working with an Indiana business management software systems provider can help with this process.