Peter Drucker, known as the father of modern management, was quoted in a 2006 article in Forbes as saying, “Because the purpose of business is to create a customer, the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.”
To grow in today’s manufacturing world, shops need to consolidate operations, automate, increase efficiency, capture and analyze data and more, in order to fully leverage opportunities in thriving industries, such as aerospace.
To speed production and increase worker safety in the aerospace industry, major manufacturers are willing to pay a higher price for quality equipment.
The SME Education Foundation has announced a new $2 million diversity, equity and inclusion scholarship to increase awards to underrepresented students, beginning in 2021.
Manufacturers are increasingly analyzing their supply chains to mitigate cybersecurity and environmental risks with the goal of building more secure, resilient, agile organizations, keynote panelists at the Best of SMX virtual event said in October.
According to a survey conducted by ISM, 75 percent of U.S. manufacturing companies experienced delayed resources and materials due to the COVID-19 pandemic. The outbreak has forced manufacturers to rethink supply chains to allow for product diversification.
Manufacturing added 38,000 jobs in October, with a majority in durable goods, the Bureau of Labor Statistics said today.
Three partners contributed their diverse manufacturing and machining experience—and their last initials—to found SPR Machine in 2002.
The U.S. Department of Defense (DoD) wants the industry to secure the country’s leadership in hypersonic weaponry. The request is no small feat.
An executive makes the case for why manufacturers may want to change how they procure health plans.
