Everyday, manufacturers are faced with different choices, but the most common of them is choosing between producing an item in-house or buying it. The main driver for this choice is always cost and general profitability. With every choice between these two entities,...
Ever wondered why collaboration is taking over the business world? Well, we know a lot about collaboration inside a business but not a lot of people really pay mind to supplier collaboration. According to Industry Week, close and ongoing supplier collaboration can...
The lack of language skills has been detrimental to business. About 22 percent of manufacturing companies have not been able to make a large number of sales due to this language barrier, especially in sales to other foreign nations. Although manufacturing companies...
In times when a country's economy is doing good, companies focus on growth and expansion. But during a recession, most industries do not have a clue of how to sustain themselves talk more about growing the company. Recession is a difficult period for any nation....
The end of the General Motors Co. strike leads to the stabilization of the manufacturing industry. This increase in the output of the manufacturing industry in beyond the surge of the auto section of the manufacturing industry. With a 1.1% gain, this is the highest...
As regards 2020, OSHA has not been forthcoming with information. Their website has been left redundant for a while. However, inkling can be drawn from the 2020 congressional budget justification for the OSHA. Drawing an inference from the congressional justification,...
True leadership is being able to establish and communicate a clear vision for the organization. As a leader, by demonstrating ideal values in the workplace, leaders are able to influence honesty, ethics, tolerance, and respect on the subordinates. There’s a trait of...
The current state of the manufacturing industry cannot be overlooked but should be seen as being of paramount importance. With over 937 candidates in total vying for Presidency, can you take a quick guess on how many are standing on an intended manufacturing policy?...
Small- and medium-sized (SMEs) manufacturers are often looking for step-function type change to increase their competitiveness. After reviewing several issues SMEs are experiences that are limiting productivity, offering daycare options for staff members has shown to...
Ascertaining the ideal manufacturing time is to have an understanding of the period it takes to convert raw materials into finished goods. You may also come across this as throughput time. The ideal manufacturing cycle time considers the move time, process time, queue...
Innovations in the world are becoming so relentless, giving birth to electric vehicles in today's market. The electric car innovation has since created a wave of new investment opportunities in the world. The commercial electronic vehicle Arrival has attracted a...
5G networks proffer solutions to manufacturers and telecom operators, offering them a chance to build smart factories and take advantage of technologies such as artificial intelligence, automation, the Internet of Things (IoT) and augmented reality for...
One of the rising challenges that are facing manufacturers in recent time is healthcare cost. Profitability and sustainability are being dragged to the floor because of rising healthcare costs. The most significant occurrences have seen a continuous rise in the price...