You don’t have to be an economist to see that accepting growing trade deficits with no plan to reduce the debt (or even pay for the debt) is a house of cards waiting for some kind of macro economic trigger to cause a collapse.
As supply chains have become more complex and more global, just knowing your tier one and tier two suppliers no longer cuts it. To effectively manage risk, you need to know your suppliers’ suppliers — and even the suppliers supplying them. And more important, you must move from anticipating risk to proactively predicting it.
Manufacturers have traditionally been very successful in increasing the efficiency and quality of their production processes using lean and Six Sigma programs. However, they are finding that relying on those methods is not enough for them to stay competitive.
A Fourth Industrial Revolution is upon us, characterized by “smart devices," which are part of an “Internet of Things” that can actually direct machines on the shop floor by communicating autonomously “device-to-device” to manage manufacturing operations and distribution.
As business evolves, so does our ability to uncover new sources of revenue, which keeps life interesting. One of the most significant contributors to business evolution in the last few decades is technology.
Economic activity in the manufacturing sector expanded in September for the 16th consecutive month, and the overall economy grew for the 64th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
The best safety device is the one that offers maximum safety with minimum impact on machine operations at the lowest possible cost. This article provides guidance and recommendations that will help in selecting appropriate safety device technologies for typical manufacturing applications.
Verizon's West Coast Innovation Center in San Francisco was the setting for a unique panel discussion about how the intersection of manufacturing and technology is impacting Silicon Valley.
Many industrial operations are struggling to find the right approach to protect their assets. Many opt for a technique referred to as “security through obscurity” — which mistakes subterfuge for security. Instead, here are three ways industrial operations can fortify their network architectures.
To simplify the process of RMP implementation, this article provides the nine critical steps necessary for building a world class Reliability Maintenance Program.
To gain control over accruals, companies must take a hard look at their current processes, and if necessary, implement a solution to address the gaps that ERP systems leave behind.
EPA recently released a proposed rule to regulate greenhouse gas (GHG) emissions from existing power plants. Although the proposed rule only requires states to limit GHG emissions from existing power plants, states may choose instead to regulate GHG emissions from a wide range of other industries and emissions sources.
Perhaps someday all motors will be built so well that there will be no more electrical bearing damage. Until that day comes, motor repair shops will continue to replace bearings eroded by voltages induced by variable frequency drives (VFDs, commonly known as inverters).
When business owners and managers consider acquiring equipment, they often think of their payment option as a “lease versus buy” decision.
If you feel stuck, even just a little bit, you’re probably behind the innovation curve. Good news, this article is for you. Because the secret to getting unstuck — or becoming more entrenched in your supply chain — is only a few clicks away. The secret is information.
From managing complex supply chains to executing cost savings improvements, the manufacturing industry needs to keep a keen eye on the efficiency of their processes in order to be successful.
Selectively coordinating power distribution and electrical systems in critical facilities remains a hot topic among professional engineers and their facility-owner clients.
Supply chains are only as good as the people in charge of keeping up with them. This means that it is just as important for manufacturers to keep equipment in great shape as it is for them to keep people in great shape by showing meaningful appreciation on a day-to-day basis.
A combination of over-use and under-appreciation can relegate terms like vision and innovation to the realm of cliché. However, those words ring much clearer when presented against a backdrop of time-tested approaches that repeatedly drive growth and produce positive results. Such is the case with Evansville, IN-based ORG CHEM Group.
Supply chain product compliance is increasingly complex, with companies required to disclose detailed information about their products, including composition, origin, and regulatory status. Managing this data remains a critical supply chain challenge that is necessary in order to comply with a wide array of regulations.