It's no longer about identifying a problem and reactively taking the appropriate corrective action. It's about pinpointing a potential problem that could occur and applying all of the available data, methods, tools and technology to prevent it from ever occurring.
This article discusses how the "power factor" of a facility directly impacts billing; it also illustrates the need for power quality monitoring as a way of reducing costs. What's the potential for savings?
In the final article of this series, we highlight the three business valuation approaches, as well as the level of value adjustments, and provide a final summary of what manufacturers need to know about business valuation.
The growing number of industrialisation questions are indicative of a growing maturity in the marketplace. AM machines are moving out of prototyping applications and research laboratories and into mainstream production manufacturing.
When determining the rate of adoption of new technologies, the Gartner hype cycle is a good point of reference. The hype cycle for the Industrial Internet of Things (IIoT), however, shouldn't be confused with general IoT, which applies to consumer IoT technology.
With all the buzz about these new design tools, there is still quite a bit of ground left to be covered in ensuring these next-generation designs are actually manufacturable. That is where we can really shine.
While it's important for manufacturers to have sound cybersecurity measures and protocols in place, it's equally important to have IT resilience and orchestration solutions at the ready.
Logistics kitting organizes and even assembles parts used in the manufacturing of a product so they can be delivered to the point of use, saving time on the line. It is often the best example of Lean Manufacturing in practice, eliminating wasted time in production.
Without compromising quality, focusing on optimizing plant processes will reduce time and money spent, therefore increasing profits. Here are five optimization techniques for manufacturing facilities.
Sixty-five percent of supplier companies said they received more work in 2018 than in the previous year-a huge jump from the MFGWatch 2016 results of 40 percent (the last time an MFGWatch report was published).
Warehouses are vitally important links in our supply chains and distribution networks - but they could always be more energy-efficient. Here's a look at some of the trends helping warehousing companies save money and reduce their environmental footprints at the same time.
E-commerce has expanded the way manufacturing companies make sales. What used to be the process of supplying products to stores and then customers are now combined with business to business. It has become more popular to include B2B sales.
While import tariffs against Mexico are currently on hold, the American manufacturers that depend on on Mexico's parts supply have a little more breathing room - at least for now.
In part three of this article series, we highlight the overall valuation process, as well as an analysis of factors both internal and external to the business. Here are part one and part two of this series.
The chemicals manufacturing sector has enjoyed positive growth and margins in the last few years. But that's no reason to believe that a slump can't hit the industry in the near future.
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