The digitization of manufacturing is proceeding rapidly as companies take advantage of new, inexpensive, connected devices to provide unprecedented visibility on the plant floor. How digital is your plant? Do you have plans to expand that digital footprint?
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
As the United States struggles to climb out of the recession, the manufacturing sector has been particularly strong, leading the way with increased output and solid sales and profits.
One of the principles of lean operations is to keep the work area clean and organized — and it’s not just for aesthetics.
Several years ago, it was almost fashionable to outsource to low-wage areas of the world to reduce costs. Business leaders developed the mind-set of “off shoring is always cheaper:’ and they scarcely looked beyond unit cost plus transportation.