What if you learned funding for capital equipment required to keep your plant running in coming years was soon going to be extremely hard to find? Would you hit the panic button? The situation manufacturers are facing when it comes to their most critical asset – people – is nearly as dire.
The study explored what impact ecommerce has on how B2B companies sell their products and services and found that a fundamental transformation is happening in how businesses are acquiring and retaining customers in this market. In fact, U.S. B2B ecommerce revenue has now more than doubled that of B2C.
Inventory shrinkage is a huge problem in North America, effectively robbing retailers of billions each year. It's bad enough when inventory disappears because of theft by customers, employees or suppliers, but it's especially frustrating when your inventory shrinks through preventable mistakes and poor inventory management procedures.
The brief shutdown of the federal government and sequestration has had an effect on the business operations of distributors and manufacturers, and could impact earnings in this quarter.
Originally used for producing automotive components, RIM is a low-pressure, low-temperature process that uses urethane thermoset resins. The process has been refined over the years, but has remained primarily unchanged.
If you’re one of the few with that million-dollar idea, here are five key manufacturing trends you should know about to help bring your product to market faster, cheaper, and more efficiently.
Take our poll! Many industrial manufacturers with the ability to control their electricity usage are now taking advantage of demand response programs to help reduce their energy costs. Demand response programs pay participants to reduce electric energy usage for short periods of time.
The key phrase here is “new ideas entering the market.” It's not like there aren't any new ideas floating in the heads of enterprising individuals, but the ideas just don't reach the shop floor. The resources needed to bring innovative ideas to life are in short supply in U.S.
Economic activity in the manufacturing sector expanded in October for the fifth consecutive month, and the overall economy grew for the 53rd consecutive month, say the nation’s supply executives in the latest Manufacturing Institute for Supply Management (ISM) Report On Business.
Many executives running high-throughput distribution centers face a growing logistics challenge – the need to prepare small-quantity, mixed-SKU orders to ship and arrive on schedule with short delivery times.
Being that it’s football season, the phrase “game plan” usually evokes thoughts of my beloved Green Bay Packers — so you can bet I needed a good reason to spend last week in Chicago Bears country.Luckily, the inaugural Game Plan conference – the brain child of tech leaders like hybris, SAP, Accenture, and others – provided that incentive.
The growing demand for immediate information in business has driven the creation of real-time data analysis solutions by geospatial engineering firms. Advanced consumer reporting solutions allow manufacturers, retailers and distribution companies to collect and crunch real-time inventory and sales data, and make it usable in seconds.
For any business with a physical presence, from a nuclear power plant to a large manufacturing and shipping facility to an office equipped with sensitive electronics, a determination of the consequences of a lightning strike should be part of this risk analysis.
Manufacturers are seeing the need, as well as the potential business value, from turning outdated manufacturing processes into a cyclical process where products get reused, rather than dumped into already-overflowing landfills.
As the rise of online commerce and omnichannel fulfillment changes warehousing operations, the manufacturing industry is using new technology to address the formidable warehousing challenges that must be overcome.
Most food and beverage manufacturers are familiar with equipment leasing and financing, but they may not know the kinds of specific information they need to make the best financing decisions for their investments in equipment or software.
While the economy appears to be turning around, employers across the country continue to make difficult decisions concerning mass layoffs and plant closings. Employers that forget about the Worker Adjustment and Retraining Notification Act (the “WARN Act”) and applicable state “baby” WARN Acts do so at their peril.
Several factors have led manufacturers and processors to take a more cautious approach to improving their automation systems. But the need to employ more advanced plant floor networking technologies is becoming clear as manufacturers look to increase operational efficiencies and bottom line profits.
Upgrading machine tool technology – either by major retrofit of existing machines or purchase of new equipment – is often an expensive proposition requiring non-productive downtime and months or even years to realize a return on the capital expenditure.
“Hope for the best, prepare for the worst.” The English proverb resonates, particularly in the area of risk management. One of the most important tools available to any successful business operation is the deliberate assessment and tackling of potential risks.