Peter Drucker, known as the father of modern management, was quoted in a 2006 article in Forbes as saying, “Because the purpose of business is to create a customer, the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.”
Fastems Group will host an online Open House & Conference entitled "Productivity Beyond Machine Tending" on November 4, 2020, starting at 11:00 EST. The virtual event will showcase the latest developments in automation and surrounding technologies to all metalworking manufacturers.
Tesla and the march to all-electric cars and trucks may get most of the press. But the reality is that most U.S. automakers need to tackle the twin challenges of building both new components unique to electric vehicles while also building internal combustion engines (ICEs) that are ever-more fuel efficient.
John Catterall, vice president, automotive program for the American Iron and Steel Institute, discusses vehicle lightweighting trends in an interview with SME Media.
An executive makes the case for why manufacturers may want to change how they procure health plans.
Capstone Headwaters released its Precision Manufacturing Mergers & Acquisitions (M&A) Update Sept. 17, reporting that transaction activity in the precision manufacturing industry has remained strong despite the pandemic.
Leak detection testing is growing in importance with the development of electric and self-driving vehicles.
The manufacturing, automotive and energy sectors are currently battling tremendous challenges as they respond to the unfolding COVID-19 crisis globally.
In the April 2020 Research Focus column, we discussed results from the first year of the SME Media Manufacturing Technology Harmonization Study.
With the potential for a 30% productivity increase or even more, there's a strong incentive for automating CNC machining processes. But before you flip the switch on that robot, you’ll need to check out the surrounding tools and processes.
