Automation continues to be a very significant factor in the loss of manufacturing jobs. Ever-increasing productivity is a two-edged sword as fewer workers are needed to produce more goods.
It’s hard to imagine a manufacturing business that doesn’t have full-time Internet access, a local network and most likely at least a few sensors or devices connected to that network. Larger plants have hundreds or even thousands of sensors and devices feeding data through the local network. Simply put, that’s the Industrial Internet.
Business and profits can increase in the coming year, new products can soar to unexpected heights, inventories can shrink (in a good way) and productivity can reach an all-time high. Now here’s the bad news: none of these things will be delivered into the stocking hung on the fireplace mantel by some jolly fat man in a soot-stained red suit.
All manufacturers have inventory—in the warehouse, in the plant, and in the supply chain. And they want to reduce inventory while avoiding shortages. The key is knowing which inventory is needed and where. The “what” and “where” are as important … Continued
Advice and Assistance for Manufacturers.
In many ways, Labor Day marks the beginning of a new year. Of course school starts up again after summer recess, but September can also be a time to initiate or re-start improvement activities at work.
While there are considerable regulatory, special-interest, and market-driven pressures to go green, companies are unlikely to do much more than the bare minimum unless there also are good business reasons to do so. That is especially true in these times of economic … Continued