Robert Lyscas has been promoted to the newly created position of Chief Operating Officer at the Michigan Manufacturing Technology Center (The Center). The announcement was made by Mike Coast, President of The Center.
Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.
Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.
Manufacturing faces “continued risk for disruption” and uncertainty in 2020, consulting firm Deloitte said in a report.
Purchasing and supply executives expect manufacturing to continue expanding in 2019, according to a survey by the Institute for Supply Management.
The growing skills gap is causing trepidation among manufacturers and the lack of millennials building careers within the industry is part of the concern.
Automotive supplier Faurecia (Nanterre, France) decided it needed to get serious about Industry 4.0 fast.
When a manufacturer has excess inventory not adding value to the process, the inventory is hurting the company’s balance sheet, and is by definition wasteful.
If you have never heard the term Yokoten, prepare yourself. It has been added to the Lean Operations lexicon as an important activity. Yokoten is being used by lean firms to help them become leaner. Yokoten is a Japanese term that can be roughly translated as “across everywhere.”
Earlier this year, at the 21st annual Shingo Prize conference awards ceremony, Autoliv Americas’ airbag module facility in Ogden, UT, was awarded The Shingo Prize for Operational Excellence. This was the second Shingo Prize won by the Autoliv Ogden Airbag Assembly (AOA) plant.
