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.
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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.