A few months back, UL released its Product Mindset survey, which takes a dramatically different look at the relationship between manufacturers and consumers. Many manufacturers are aware that they need to continuously develop, produce, and sell products that consumers want, but there seems to be a large disconnect between what manufacturers perceive as consumer demand, and what the case actually is.
After decades of outsourcing, the resurgence in domestic manufacturing is now America’s favorite comeback story. But one troubling trend could signal a major complication for returning manufacturers: our nation’s increasing reliance on unstable supply chains of imported minerals.
Everyone in the manufacturing space has heard about the dramatic talent gap in the industry, where companies cannot find employees with the skills necessary to help run a high-tech operation. Knowledge in automation equipment, or with CNC machines, can be a rare commodity, with most young people moving toward other industries, and manufacturing-centric education faltering or disappearing elsewhere.
Operational Excellence is a continuous improvement journey facilitated by a culture and mindset of optimizing an organization’s people, processes, and supporting technology resources. Depending on current strategy and position, however, every company will have different Operational Excellence goals and objectives.
Over the past decade, I’ve watched as globalization, competition and digitalization have forever changed the business landscape. Throw in the fact that current, and potential, customers now have higher expectations, and more buying power, than ever before and you have very little room left for error when it comes to supply chain planning, process management and execution.
Economic activity in the manufacturing sector expanded in December for the seventh consecutive month, and the overall economy grew for the 55th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Refurbishing or reconditioning services are available that, when done properly, can provide extended service life to these tools by as much as 4x. Typically, the cost to refurbish a tool is about 75% less than the cost of buying new, and in many cases, the refurbished tool will function as good as (or often better than) a new tool.
Unlike other frameworks or standards, CMMI isn’t a compliance exercise, and doesn’t require adherence to a particular methodology, such as Six Sigma or Lean. It’s methodologically agnostic, which means that rather on focusing on how to do something, it focuses on what needs to be done.
IDC Manufacturing Insights hosted a web conference “IDC Manufacturing Insights Predictions 2014: Worldwide Manufacturing” highlighting the Top 10 predictions for the year ahead. Today's predictions focus on implications on factories of the future.
Not too long ago, Monster.com, the well-known online job marketplace, conducted a comprehensive survey (see infographic below) on the state of U.S. manufacturing jobs, and came to some compelling, if not worrying, results.
The battle between Sriracha-maker Huy Fong Foods and the city of Irwindale, Calif., has fired up in recent weeks, highlighting the importance of companies maintaining a positive relationship with their surrounding community. Mitch Carrel talks about the case, what considerations food manufacturers should make when choosing a new plant site and how a facility’s location plays an important role in its ability to do business.
IDC Manufacturing Insights hosted a web conference “IDC Manufacturing Insights Predictions 2014: Worldwide Manufacturing” highlighting the Top 10 predictions for the year ahead. Today's predictions focus on Product Lifecycle Management (PLM).
Global shifts in costs, processes and consumer purchasing habits put the U.S. in a position to revitalize its manufacturing sector and enhance businesses and industry at home. The only thing missing is enough skilled workers to maintain the momentum.
While RFID (radio-frequency identification) technology has long ago entered into the consumer space — everything from smartphones to pets are loaded with data-laden tags — it’s had a more rocky experience in the industrial space. The technology, which aims to wirelessly transfer data via minuscule tags embedded in or on various products, didn’t quite stack up against the industrial environment.
IDC Manufacturing Insights hosted a web conference “IDC Manufacturing Insights Predictions 2014: Worldwide Manufacturing” highlighting the Top 10 predictions for the year ahead. Today's predictions focus on implications on B2B commerce networks and smart services.
IDC Manufacturing Insights provides organizations with insight and perspective on long-term industry trends along with new themes that may be on the horizon. Today's predictions focus on your supply chain.
Time is technically running out for manufacturers to write off sizable sums for equipment purchased in 2013 as a tax rule hangs between its Dec. 31 expiration date and congressional action on the matter. The rule in question, Section 179, has been through many incarnations.
Easy access to design software, 3D printers, and crowdfunding has changed the game for anyone with a great sketch on a napkin wanting to make a serious go of a product idea. But what does it mean to take that awesome prototype into production? Step one: Pull out your cash-flow statement.
IDC Manufacturing Insights hosted a web conference “IDC Manufacturing Insights Predictions 2014: Worldwide Manufacturing” highlighting the Top 10 predictions for the year ahead. Today's predictions focus on information technology and trends.
Recently, smart marketers from other industries such as restaurants, suppliers and consumer brands have started embracing personalizing interactions for their customers. These marketers are incorporating the fundamentals used in retail today to increase engagement and revenue. Marketers across all industries need to incorporate these retail strategies to optimize customer interactions to build brand loyalty and drive sales.