Purchasing and supply executives expect manufacturing to continue expanding in 2019, according to a survey by the Institute for Supply Management.
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.
Automotive supplier Faurecia (Nanterre, France) decided it needed to get serious about Industry 4.0 fast.
Manufacturing job expansion resumed in September after pausing in August. The sector added 18,000 jobs last month, with 17,000 of the gain taking place in durable goods, according to a breakdown by industry issued today by the U.S. Bureau of Labor Statistics.
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Here’s something you can cut out and hang on your bulletin board if you run a manufacturing company, large or small. I’ve spent nearly 60 years thinking about the factory floor, and here’s how I believe it should be run.
Batch and queue is the hallmark of a mass production system. Parts are processed, moved in large quantities to the next process, wait for their turn, are processed, and moved as a batch to the next process.
Manufacturing should expand in the first half of 2020, including increased revenue for companies, the Institute for Supply Management said this week in a semi-annual forecast.
There is a lot of promise in the coming adoption of Model-Based Definition (MBD) in industry. MBD is the practice of attaching useful information to a 3D CAD model, such as tolerances or material properties. This should be especially good news for manufacturing engineers.
Bill Ford, executive chairman of Ford Motor Co., is now in Act III in his career at the automaker. The outcome will determine Ford Motor’s future and his legacy.