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.
More and more manufacturers are upgrading control systems primarily to fight the battle of equipment obsolescence, rather than taking the opportunity to invest in upgrades, in order to gain more productive years out of major capital assets. There has been a noticeable trend in projects that are successful in achieving just hardware replacement, and those projects that leave the manufacturing process with more intelligence and flexibility.
The most distinguishable returns come from better quality and overhead cost reduction. For example, anticipating labor needs allows us sufficient time to right-size and train our contingent workforce to manage peak periods without affecting quality.
This month, we had the chance to speak with Mark Prokosch, Vice President at Verify Brand. Verify, a Minneapolis-based software as a service (Saas) brand protection company, recently announced enhancements to its cloud-based platform to combat counterfeiting in automotive supply chains.
The requirement to pinch-off and hermetically seal ductile metal tabulation (tubing) is a critical and necessary process when separating a device from a vacuum pumping station. Tools that can reliably perform the pinch-off (cold weld) function will produce a reliable seal that can withstand bake-out temperatures up to 600o C and eliminates the necessity of using expensive valves to perform the same process.
Success as a system integrator depends upon being conversant in current automation topics and using available technology to deliver them to clients.
Sustainability is a hot topic in the food and beverage industry. As manufacturers seek to reduce costs and maintain customer loyalty, implementing sustainable practices can help to achieve these aims while at the same time ensuring that companies are playing a responsible role in their industry and society in general.
Bells Brewery, Inc. uses Meltric DECONTACTORTM Series switch-rated plugs and receptacles to connect and disconnect equipment as varied as grain handlers, conveyor motors, portable pump carts, and keg washers in order to obtain installation cost savings, simplified lockout-tagout safety, and production efficiencies during maintenance and equipment changeouts.
The supply chain is getting greener and discussions about sustainability are cropping up in more calls and conferences than ever before. What this means for you is that the “green-ness” of your supply chain will soon be a deciding factor for your manufacturer and shipper partners as well as your other customers.
Popularly referred to as the 'future' of automobile technology, the electric vehicle (EV) industry is not particularly enjoying its present. This despite the fact that in terms of savings per km, EVs have an advantage of 40 per cent over regular cars. The government has made a lot of promises but delivered little, say the players in this segment.
The question I’m frequently asked is “Do I really need to consider a retirement plan for my business?” The answer is typically “Yes”. The question arises, generally, because the owner of the business or professional practice does not want to add unnecessary overhead or increase costly unnecessary and unappreciated benefits.
Which business technologies will lead the way in 2014? Research firms, journalists, and bloggers are gearing up to share their thoughts on this question and offer their predictions over the few weeks.
Wages in China are steadily rising at an annual rate in the double digits. Tax incentives for foreign manufacturers are expiring, energy costs continue to increase, and the cost associated with shipping are increasing. In short, China is becoming a far less attractive manufacturing option for American companies.
The energy efficiency market is rapidly evolving to include no-first-cost financing options that finally enable companies to implement projects that not only have deeper energy savings with longer paybacks, but also improve the bottom line and the sustainability of their operations.
Economic activity in the manufacturing sector expanded in November for the sixth consecutive month, and the overall economy grew for the 54th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Network strategies and objectives differ depending on the job. The IT department must place data integrity first. On the other hand, JIT production facilities live and die by keeping manufacturing lines up and running in order to meet production quantity, quality and delivery driven by electronic order requests sent by the customer. By maintaining separate networks, each group can operate at optimum potential.