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.
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Manufacturing got smart when companies figured out how to make products in one market and sell them in another. Today, we call this supply chain logistics. But somewhere along the way, the innovation chain connecting supply (manufacturing) and logistics (the supporting infrastructure) started to diverge.
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In manufacturing, the most efficient process is destined to come out on top. Efficiency is the highest priority. Toyota revolutionized the standards of efficient manufacturing by applying the principles of what is now known as lean thinking, a term coined by Daniel T. Jones and James P. Womack who have studied Toyota’s rise in-depth.
Turning to software over paper reports does more than just save trees. Chris Mahar, Associate Editor of Manufacturing Engineering, talks with David McPhail, President and CEO of Memex Inc., about how manufacturers can utilize technology to improve efficiency, reduce downtime and boost productivity and profits across their business.
Artificial intelligence (AI) , the Internet of Things (IoT), and real-time data analytics are moving metalworking technology into the next generation of equipment. These sophisticated concepts are bringing at least one traditional technology with it.
Using lasers to cut metal, especially sheet metal or tubes, continues to show its value. The market is becoming dominated by the newer solid-state fiber laser over its CO2 gas rival. Fiber’s advantages in ease of operation, packaging and efficiency are clear.
Fair Lawn, NJ. Sean Holt, head of Sales Area Americas for Sandvik Coromant, announced a new Sandvik Coromant Center will open in Mebane, NC, a geography heavy with aerospace and automotive manufacturing and a strong culture of innovation.
Dr. Markus Flik, CEO, Chiron Group recently announced the appointment of Steve Morris as Chiron America’s new president and chief executive officer effective immediately. Chiron America is a unit of Chiron Group, Tuttlingen Germany, a designer and builder of vertical milling and turning centers and flexible machining systems.
Doosan Machine Tools hosted a record number of attendees from 50 countries at the 2019 edition of the Doosan International Machine Tool Fair (DIMF) held recently in Changwon, South Korea. A total of 80 machines were on display, including 38 new or upgraded models.