The MFG Token provides the incentive for precision parts suppliers to be more responsive to RFQ's (Requests for Quotes) initially on SyncFab ultimately on the Smart Manufacturing Smart Contract compatible blockchain.
At the cutting edge of this trend are new types of human-machine interactions, such as virtual reality, next-generation design tools, 3-D printing, and collaborative robots. As these complementary technologies begin to link multiple factories with designers, supply-chain partners, distributors, and customers, the sector can form more dynamic digital networks and turn around the trend of slowing productivity growth.
Manufacturers have always operated with a certain level of risk. While that continues today and will always be the case in one form or another, what has changed are the specific types of risks that manufacturers face, as well as some of the strategies for managing those risks.
We have to find a balance between interrupting production and trying something that will improve production. As we increase capacity at a rate that outpaces our marketing experts we hope to have a span of time where we'll be able to have some freedom to experiment and optimize.
Ease of access, improved productivity and automated decision-making are amongst the primary benefits of the IIoT. Those who hesitate are bound to suffer serious setbacks in output, customer service and overall competitiveness in the comings months and years.
Together, well-designed technology and people drive solutions. LES is a tool that empowers workers with real-time information to see and solve production problems and create innovation.
Predictive maintenance is revolutionizing the industry and transforming the entire operation. This technology predicts problems in a factory before they even happen, changing the paradigm and preventing disasters.
We currently offer telemetry devices and cloud based dashboards for our customers to collect process data from remote instrumentation and provide dashboards and operational efficiencies for supply chain management with our Supplycare service offering.
SKF is building a new generation of manufacturing systems, which embrace the power of todays digital technologies to achieve a further step-change in speed, efficiency and flexibility.
Japan is moving towards Neo-Industrial Manufacturing - Formation of Flexible Factory Partner Alliance
It appears Japanese factories, companies are looking beyond the IOT and or IOE; aiming to connect a variety of assets, e.g., machines, data, technologies, people, and organizations, as well as the existing industries and digital technologies, thereby bringing about the creation of new added value and the solutions to societal problems, bringing "Connected Industries" to fruition.
Every manufacturer needs to figure out what issues or "low hanging fruit" can be addressed to further streamline operations, increase throughput, minimize bottlenecks, and deliver exceptional customer service to maintain or expand their competitive advantage.
We are in the midst of a major shift that is redefining how our manufacturing processes and industry operate. The amount of data collected from connected, digital devices is growing exponentially, enabling more robust business insights.
Training Tomorrow's Manufacturing Leaders: an Inside Look at McKinsey's North American Digital Capability Center (DCC)
The DCC is a unique learning center where companies leaders and their workforces participate in hands-on, next-gen digital manufacturing workshops. This helps them advance their business operations, design and productivity, and prepare for tomorrows jobs.
Management might not think that it could happen, but too much growth can overwhelm a manufacturer, as the business breaks down under the stress of expansion. Growth is good, but slow growth is best.
The marriage of 3-D printing and the aerospace industry is a shining example of a relationship that's mutually beneficial. While it was the innovations of top aerospace manufacturers that ultimately led to today's interest in 3-D printing, it's these same designers and engineers who are now pushing the limits of current technology.
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Cutler has authored more than 7000 articles for a wide range of manufacturing periodicals, industrial publications, and business journals including most of the leading monthly trade publications.