These days mirror the late 1990s, when the Internet evolved to widespread use—and the topic bedeviled many. But others—in banking and entertainment, for example—who quickly learned the new lingo and jumped at the chance to explore the Web’s potential benefited greatly. Today’s tantalizing topic: blockchain.
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Historically, a company who had a need for parts required their own expensive manufacturing operations or navigate complex and time-consuming negotiations with potential suppliers.
On-time delivery (OTD), a measurement of the level of finish goods or services delivered when promised and in full, is a signal of efficiency that reveals how well operations is doing.
The technology behind the rise of cryptocurrencies is widely expected to bring ‘a common source of truth’ to manufacturing.
The world of additive manufacturing (AM), commonly referred to as 3D printing, is quickly changing. The technology allows companies to manufacture products faster, with greater variation, and often with entirely new forms and functions.
When it comes to parting off and grooving processes, the long and the short of it is this: one, parting off goes deep—down to removing the pip—and two, grooving plunges are shallower and can include multidirectional turning.
Manufacturers are facing shrinking product lifecycles with frequently changing customer demands. As a result, they need agile production and flexible factory layouts that can easily be modified whenever needed.
There is no shortage of competition in a global market. As a manufacturer trying to get ahead of the pack, automation can help with problems like a limited skilled labor force, quality control issues and suboptimal throughput. But the high initial cost and extended implementation time can be deterrents.
Cyber criminals are increasingly setting their sights on today’s digitized manufacturing industry as an entry point into government and commercial supply chains.
Purchasing and supply executives expect manufacturing to continue expanding in 2019, according to a survey by the Institute for Supply Management.