In the emerging servitization-centered economy, where a growing number of companies are shifting from selling products to selling access to and the outcome those products deliver, manufacturers are redefining the way they do business
Headlines suggest that manufacturing is coming home. However, a renaissance of America's industry was never going to be that simple, particularly for small and medium sized manufacturers.
The accounting balance sheet tells you how much a business has invested in assets, but it doesn't tell you how wisely it has invested.
With the U.S. now imposing about $25 billion in tariffs on Chinese imports, many companies are reevaluating outsourcing-and realizing that reshoring their manufacturing processes makes sense in more ways than one.
White Paper - Many manufacturers have realized significant cost savings and productivity improvements by integrating high strength additive manufacturing (AM) technology into their business, especially in support of their maintenance, repair and operations (MRO) strategy.
Manufacturing business owners must specify the subject interest (i.e., what's being valued, precisely), valuation date and intended user or users. Appraisers can help owners make these decisions, but cannot make these decisions themselves.
Following in the footsteps of e-commerce giants like Amazon, more manufacturing companies are eagerly pursuing opportunities to expand supply chains on a global scale, increase inventories and jumpstart the entire manufacturing process.
Hyper customization, smaller batch runs, a shrinking labor pool, energy availability, and global competition are factors that are increasing in importance and are also pointing to a much-needed new direction that companies will need to take in order to remain relevant ...
The networking needs of a manufacturing floor are very different than that of the front office. Manufacturers cannot tolerate network outages on the plant floor where time truly equals money.
It may be hard to believe, but there are still a large number of outdated systems, such as Windows 7 for clients and Windows 2008 for servers, which are running key areas of companies' businesses. Worst yet, some are still using Windows XP, Windows Server 2003, Office 2007..
Integrating veterans into the workforce is a smart and straightforward way for industry employers to invest in the future of America's veterans while also investing in the future of manufacturing.
From Blockchain to Digital Twinning: Technologies That Can Revolutionize Business Models in Manufacturing
In its recent 'Exponential technologies in manufacturing' study, Deloitte observes that organisations from every industry now face mounting pressure to transform and make the shift from product-centric business models to capture other sources of value
We see a shift from big, monolithic software by large vendors to modular, highly specific components by smaller ones. This allows manufacturing companies to become more agile in the tools they use, ultimately allowing them to more easily find the best tool for the job.
The exact impact of IoT, AR/VR, mobile, and generative design will vary from company to company, but make no mistake: These trends are already starting to shape the landscape around them.
Key themes woven into our worldwide manufacturing top 10 predictions for 2019 include the focus on digital transformation (DX), manufacturing business ecosystems, supply chain management, product and service innovation, and smart manufacturing.
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