Price optimization for manufacturers requires data, which can come from an e-commerce system, the internet or company records, Bob Zastrow writes. "[E]commerce tools that include a robust analytics module can provide a bevy of data to perform various price optimization functions" before using optimization software, he writes.
Manufacturing companies finding talent in Buffalo, NY Moog, TMP Technologies, and PCB Piezotronics recently announced job growth. Their continued success is due to the region's affordable real estate, low operating costs, and skilled workforce. Read more about Buffalo's strong education and training ecosystem.
Smartphones can serve as an example for manufacturers of how to combine operational technology with informational technology, writes Tom Bradicich of Hewlett Packard Enterprise. "By combining ... OT functions, with enterprise class IT processing and storage -- all in the same system chassis -- we have true converged edge systems," he writes.
Webinar - What's on tap in manufacturing and distribution in 2020? It's almost 2020, do you know what you need to be ready? Register for the webinar on Thursday, December 5th at 2 PM EST where experts from Netsuite and Deloitte will discuss what's ahead and what strategies will work best to remain competitive as they head into next year.
Electrical equipment manufacturer nVent used a vendor managed inventory platform to better coordinate orders with its distributors, reducing stockouts and increasing sales in the process. The platform has also reduced the risk of products being damaged by ensuring that more trucks are at full capacity.
Virtual inventory, which is held in digital files that are then produced with additive manufacturing, can save manufacturers significant time and money and enable localized production, writes Lee-Bath Nelson. "[T]he company's expertise will be applied and enforced every time the part is 3D printed, so parts come out correctly and consistently," she writes.
The benefits of Bosch Rexroth's internet of things technology can be seen at the manufacturer's industrial hydraulics plant in Bethlehem, Pa. Productivity has improved thanks to the facility's multi-product line, which involves a manufacturing execution system, radio frequency identification tags, a light-guided system and production performance manager software.
Safety retrofits can be expensive and inconvenient for manufacturers, but there are ways to do them without severely affecting production, Todd Mason-Darnell writes. He recommends doing work during off-peak hours, communicating openly with production managers, planning for unexpected delays and incorporating production needs into the retrofit.
Exoskeletons help construction and factory workers save their bodies from wear and tear by providing assistance with lifting and repetitive tasks. Jenn Goodman takes a closer look at the technology, how it works, the forms it takes and how it's applied.
Chevron fosters workplace diversity through network groups that touch on issues concerning women, veterans and employees with disabilities, says Lee Jourdan, the company's chief diversity officer. The company also has a program for women who are re-entering the workforce after taking time off and works with the women's advocacy group Catalyst to combat bias, Jourdan says.