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.
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In my capacity as the Chair of the Council of the Manufacturing USA institute directors, I often get asked about trends in U.S. advanced manufacturing.
Your father’s Oldsmobile may be long gone but his B-52 is still pulling missions, and they haven’t built the “BUFF” (Big Ugly Fat Fellow) since 1962. The last KC-135 tanker was built in 1965. Besides aging warbirds (the average plane in the US Air Force is over 28 years old) there are hundreds of ancient civilian airliners carrying friendlier payloads everyday. The key to doing this safely is of course excellent maintenance and periodic upgrades. Laser scanning plays an essential role.
Manufacturing faces “continued risk for disruption” and uncertainty in 2020, consulting firm Deloitte said in a report.
Boeing Co., which had wanted to return the 737 Max to service this month, threw up the surrender flag on Dec. 16. The company said it will suspend 737 Max production in January.
Engineering information is both pervasive and essential within manufacturing plants. And, it changes constantly as a result of maintenance-related adjustments, alterations in plant processes, or the swap-out of components.
Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.
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.
Manufacturing returned to economic expansion in January, helped by gains in new orders and production, the Institute for Supply Management said today.
Advanced laser technology has been instrumental in making the four affiliated companies of the Diversified Tooling Group, Madison Heights, Mich., into a leading supplier of single-source manufacturing solutions to the automotive, heavy truck, defense, industrial equipment, power generation, rail and foundry industries.