New technologies and processes must have a demonstrable impact on a company’s bottom line to make a convincing argument for adoption. In that spirit, here are seven recent manufacturing process improvements and how they affect profits.
The U.S. has been seeing declines in skilled labor during the past few years as experienced and knowledgeable employees continue to retire while fewer are choosing employment in factories or skilled trades.
While errors are far less likely with CNC machines than manual processes, they can still happen. When they do, they can create bottlenecks, lead to waste and, if not caught, hamper client-customer relationships through poor-quality products.
Whether it be hybrid, multi, or on-premise, cloud technology has the ability to significantly increase productivity and scale processes throughout the entire organization.
As situations and equipment are constantly evolving based on consumer demand and market disruptions, manufacturers need to respond quickly to capitalize on new opportunities, and this requires agile reconfigurations that maintain a prioritization of worker safety.
Given the advanced state of anthropogenic climate change and widespread awareness of its human impact, it’s time for manufacturing to adopt carbon offsetting practices.
Leveraging artificial intelligence (AI), the manufacturing industry can protect workers better and ensure that all employees wear gear to stay compliant with Personal Protective Equipment (PPE) protocols to avoid costly penalties.
The direct influence of a workforce in determining an organization’s purpose can be as much, and, sometimes even more of a reason for an individual to enthusiastically and wholeheartedly work at a company as the financial compensation they receive.
Spectacular failures tend to attract much attention. It is simple curiosity as to why it happened and why something was not done to prevent it. One such event was the engine fire on a Boeing 777 flight over Denver in February 2021.
Overall equipment effectiveness (OEE) has been a leading manufacturing performance metric for decades. As Industry 4.0 has taken off, manufacturers now have a range of new tools and techniques that can improve their OEE scores.
With many maintenance operations still planned and performed manually, often by experienced operators performing sometimes basic yet time-consuming tasks, it is easy to see how manufacturers are sometimes swimming against the tide when it comes to achieving efficiency goals.
By addressing some of the most prominent pitfalls, leaders can adopt this growing workplace trend without compromise. Here are three critical challenges to a remote work transition and steps every manufacturing leader can take to mitigate those difficulties today.
The materials approved for use in biomedical implants are limited, but as new alloys and polymers emerge, the chances are high that many of them will prove to be biocompatible as well. These will help to shape the future of biomedical manufacturing as a whole.
A 2020 survey conducted by industrial automation provider Yokogawa revealed that 48 per cent of respondents valued productivity as a key focus in their digitalization strategies, while 40 per cent regarded operational efficiency as their main objective.
As someone who has spent his life engaged in driving growth at every level of business operation, it’s always been evident to me that to be successful and meaningful to all stakeholders, a corporation needs positive purpose if it hopes to achieve sustainable profitability.
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