It has become far too rare for manufacturers’ visions of an IIoT-fueled utopia to survive contact with reality. A Cisco survey finds that nearly 75 percent of Industrial Internet of Things (IIoT) projects are failing.
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Deloitte and Wichita State University announced the launch of The Smart Factory @ Wichita,
Since its first volume, in 2006, this publication has followed the story of the F-35 Joint Strike Fighter, which, through trial and sometimes painful error, has gone from a daring design to a distributed manufacturing supply chain to, finally, a warplane in service around the globe.
The world has changed remarkably in 2020. The new decade began with a sense of optimism and historically strong economies in both the commercial aerospace and defense sectors.
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.
Aerospace OEMs and their supply chains are evolving plans to manage the economic impact caused by the health-related shutdown last spring.
Long-term customer contracts are a lofty goal for every contract manufacturer. At Shapes Precision Manufacturing (SPM), that goal is being achieved by a strong new management team using new fabricating processes initiated by a skilled workforce.
Three partners contributed their diverse manufacturing and machining experience—and their last initials—to found SPR Machine in 2002.
Russell Waddell, managing director at the MTConnect Institute, dives into why so many standards exist, what manufacturers can gain from a digital factory project, and how they can cut through the hype—to at least achieve shop floor monitoring. MTConnect, a standard with more than 10 years of history, frees up manufacturers to focus on value-add functions instead of normalizing data. And it has been installed on more than 50,000 devices worldwide. Today, the use case is not just what happened or what is happening “what is going to happen: looking at … anything that is forward-looking and anticipating what will happen next.” Perhaps most important, embracing standards allows for quick and easy integration of all types and brands of equipment.
William Crane, CEO of IndustryStar, an on-demand supply chain services and software technology company, dives into what manufacturers concerned about supply chain risk can do to worry less. In his estimation, “on-demand supply chain risk management resources have really been taking off.” It is possible, he said, to build a “supply chain competitive advantage.” Heard of agile supply chain? If not, he explains it.