Every manufacturer must pay attention to costs and competitors' pricing. For better or worse, purchasing professionals are rewarded for capturing the lowest price; few have the time to scour the internet for ever RFQ to see if the bid offered is indeed competitive. Measuring value with price experiments is not realistic. Full-time competitive pricing professionals could work 24/7 to generate statistically valid and accurate data. For the small and mid-sized manufacturer, the solution is... ...See More..
by Mike Franz
The growth of IIoT is exponential; Global Industry Analysts, Inc projects growth of the market at an annual rate of 7.1% worldwide and 8.1% in the United States. This interest in industrial Iot-based solutions is evident when reading industry publications, where there is an abundance of articles extolling the virtues of IIoT. But how can you reap the benefits of this technology when your plant is running a legacy system? ...See More..
by Marla Keene
A decade ago, the rhetorical question asked by manufacturers was whether plant equipment was operating at maximum effectiveness. More specifically the inquiry was evaluating equipment availability, performance, and quality output. That lean manufacturing principle led to a rationale, explanation, and progression of Overall Equipment Effectiveness (OEE). ...See More..
According to Investopedia, approximately 10,000 Baby Boomers are retiring each day. Many of them are founders of manufacturing companies started in the 70's, 80's, or 90's. Those founders are ready to retire, and many are considering selling their manufacturing companies. ...See More..
B2C (Business to Consumer) changing market dynamics, increased technical complexity, and the unyielding pressure to do more with less, requires that warehouse and DC managers look to innovative solutions to make the most of the space they have (especially since adding square footage, if available, is prohibitively expensive). ...See More..
Too often manufacturing firms, even top-tier operations managers, use company analyses or reports which neglect to ask why outcomes failed. There is attention paid to all variables evenly and equally rather than discerning which area of an industrial business needs most attention to improve profit. ...See More..