Automation continues to be a very significant factor in the loss of manufacturing jobs but there is still ample opportunity for workers to acclimate and thrive, as long as people are willing and able to change. Otherwise, it is likely that their earning potentials will unfortunately fall down the ravine of the U-shaped labor market.
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.