New technologies and processes must have a demonstrable impact on a company's bottom line to make a convincing argument for adoption. In that spirit, here are seven recent manufacturing process improvements and how they affect profits.
Foodborne illness is the global threat to the world. Associations and government bodies have put up strict guidelines to follow in the processing line. Therefore, manufacturers are bound to use hygienic food processing equipment to meet the regulations.
Over the years, the enterprise resource planning (ERP) solutions have proved to be a crucial tool that can help transform any business by boosting its productivity and operational efficiency, and eventually improving its bottom-line.
The report examines the technology by software, hardware and networking elements, all of which comprise the IoT system. Software is forecast as the fastest growing market (31.0% CAGR) over the next five years; although hardware currently has the largest installed base.
The Wire Association International (WAI), Inc., founded in 1930, is a worldwide technical society for wire and cable industry professionals. Based in Madison, Connecticut, USA, WAI collects and shares technical, manufacturing, and general business information to the ferrous, nonferrous, electrical, fiber optic, and fastener segments of the wire and cable industry. WAI hosts trade expositions, technical conferences, and educational programs.