Resource optimization software can not only help to adapt more efficiently to these resource constraints, but it can also minimize idle time, anticipate parts shortages, free up labor and equipment to be shifted among tasks, and otherwise get the most out of your labor and capital.
After decades of outsourcing, the resurgence in domestic manufacturing is now America’s favorite...
Global shifts in costs, processes and consumer purchasing habits put the U.S. in a position to...
As the CEO of a supply chain management, e-procurement, and financial productivity solutions...
Different manufacturing businesses face different business challenges depending on product sets, competitive dynamics, supply chains and customer trends in a given market. But when it comes to reducing the costs of existing products, they share some very similar challenges.
LEWISBins+™ is launching a series of 4” and 6” tall plastic shelf bins designed for 12”, 18" and 24” shelving units to create an integrated storage and organizational solution for many types of retail, assembly and storage applications.
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.
Battery Ventures portfolio company Industrial Safety Technologies (IST) has completed the acquisition of the Oldham fixed-point gas detection business from Industrial Scientific Corporation.
Beechcraft Corp. CEO Bill Boisture says the company is "dangerously" close to reaching a deal with a potential buyer for its Hawker 4000 and Premier business jet assets.
The Industrial Internet is creating a new generation of intelligent devices that are self-aware, able to adapt their behavior, and can be managed and reprogrammed to meet rapidly changing requirements.
Point-of-use dispensing technology has gained in popularity for many manufacturers who have struggled for years with the tracking of MRO products. Manufacturers and distributors alike can recount horror stories of contending with hundreds of SKUs of something as simple as work gloves.
With insurance, you want to cover only what you need and can afford – nothing more. It’s the same with your spare parts inventories. Of course, with your spare parts, it is important to cover the risk but it is also important to be able to justify everything on the shelf – holding only what you need, and can justify, and nothing more. That is the key to effective spare parts risk management.
Just like your car insurance is a way to minimize the financial consequence of a car crash and backing up your files is a way to minimize the consequence of a computer crash, spare parts inventory is a way to minimize the consequence of an equipment crash. It’s all about risk management.
When management needed to reduce the footprint of Richmond's remanufacturing operations to make room for other revenue generating actives, the stockroom was faced with a 60 percent reduction in floor space. The stockroom already had a floor to ceiling man up narrow aisle picking system and there was little floor space and no additional shelf space that could be squeezed out.
New features in pallets and racking, including better material composition, more secure racks, and better accessibility are making today’s industrial pallet and racking solutions safer and more cost effective than ever before. In this ever changing world of material handling, manufacturers are doing everything they can to choose wisely, stay efficient, and incorporate safety.
At one time or another, a maintenance organization has struggled with getting the best cost and service performance out of its spares inventory. Often, the penalties for not getting spares “right” are significant. And with the emergence of new service models such as “power by the hour,” providers are signing contracts that carry a hefty penalty for below-target performance.
“It’s a great way to start the second half of 2013,” says Bradley J. Holcomb, CPSM, CPSD, chair of the ISM Business Survey Committee. “I think it’s a very positive and well-balanced report in terms of all of the underlying metrics. Things are pointing in a very favorable direction right now.”
Land Rover extended its Lean manufacturing to cover vehicles rolling off the production line at its Solihull, England production facility by implementing Zebra Solutions Vehicle Tracking & Management Solution. Newly assembled vehicles move around the site as they are prepared for dealer orders, so it was a manually intensive process to establish their precise location and identify and direct each vehicle to the next process.
GETRAG FORD is one of the largest manufacturers of automotive transmissions in the world. As part of its Lean manufacturing initiative, the company implemented Zebra Material Flow Replenishment system to automate parts processes throughout its 2 million square foot assembly plant in Cologne, Germany.
In difficult economic times, Lean thinking strikes a chord for manufacturers as it promises to reduce costs, improve quality, and transform the bottom line by eliminating waste in every area of the value stream. Its goal is to eliminate non-value added processing from the customers’ perspective, enabling less inventory, less space, less resource, less time and less cost to produce more – and all highly responsive to customer demand.
Asset management, at its core, is all about profitability. If a manufacturer can gain a clear picture of how and where assets are being used, they can account for overuse, underuse, lost items, bottlenecks, theft, and more. And in doing so, there is an endless list of tools to consider.
Stealth barcodes track individual items during the manufacturing process. The barcodes are printed with an invisible ink that is virtually undetectable to the naked eye, but under a black light glows. The system allows manufacturers to track individual products and collect data about their processes.
It's the kind of electronic junk that piles up in basements and garages — an old computer motherboard with wires sticking out. But because it was designed and sold by two college dropouts named Steve Jobs and Steve Wozniak, it could be worth more than half a million dollars.
The top prosecutors in San Francisco and New York, seeking ways to curb thefts of mobile devices, said Monday they will reserve judgment of Apple's new security feature designed to make it harder to reactivate a stolen iPhone. San Francisco District Attorney George Gascon and New York Attorney General Eric Schneiderman have been asking the leading wireless device makers to create a "kill switch" that would render stolen phones useless.
Here’s a test. Go into your parts storeroom and try to find a part that you can’t match to any piece of equipment in your plant. It’s a very rare plant that doesn’t have a box of parts that no one is quite sure exactly where they go, but the storeroom is keeping, “just in case.”
Maintenance, repair and operations (MRO) groups at many companies are facing a major challenge: toxic MRO master catalogs stuffed with incomplete data on replacement parts, a problem that drives up costs and creates large-scale problems for multiple corporate divisions.
There is no such thing as a vibration free machine,” says Steve Matthews, business manager of VibrAlign’s service company, PdM Solutions, Inc. Rotor unbalance, sheave misalignment, worn bearings, loose bolts, and bearing lubrication issues can affect every machine on the plant floor. And when they do, costly and dangerous failures can result.
"Because spare parts are different.” It sounds like common sense, but Phillip Slater will tell you that it’s not always intuitive for manufacturers to view spare parts as a unique area, especially due to some pervasive myths that exist around inventory reduction.
Investment in equipment and software is expected to grow 5.6 percent in 2013, according to the Q2 update to the 2013 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation.
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