The National Institute of Standards and Technology's (NIST) 2023 report on the U.S. Manufacturing Economy focuses on comparing U.S. industry to other countries, trends in the domestic sector, and industry trends compared to other countries. The report highlights the U.S. as a major manufacturing nation but notes that other countries are rising rapidly.In 2021, the global … [Read more...] about NIST’s 2023 Annual Report on the U.S. Manufacturing Economy
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4 Ways Manufacturers Can Drive Business Efficiency With AI
In the current artificial intelligence (AI) boom, the manufacturing industry is actively harnessing the power of AI to enhance its operations and processes. Manufacturing is crucial in the global economy, contributing to about 11% of America's GDP. Recognizing the potential of AI, manufacturing leaders are exploring ways to achieve significant productivity gains and cost … [Read more...] about 4 Ways Manufacturers Can Drive Business Efficiency With AI
Rethinking operations and supply chain management in light of the 3D printing revolution
This study looks into operations and supply chain management, given advances in 3D printing. 3D printing, also known as additive manufacturing, has been hailed as a revolutionary technology for several decades, with the potential to disrupt traditional manufacturing and supply chain processes.As 3D printing use has grown, organizations have seen greater success, while others … [Read more...] about Rethinking operations and supply chain management in light of the 3D printing revolution
Closed loop supply chains 4.0: From risks to benefits through advanced technologies. A literature review and research agenda
Industry 4.0, focusing on more interconnective digital technology, has shown promising benefits for manufacturers and supply chains. Specifically, Industry 4.0 technologies could mitigate risks involving closed-loop supply chains, in which organizations rework their waste into new goods or products. This paper outlines two extensive reviews of the current operational risks with … [Read more...] about Closed loop supply chains 4.0: From risks to benefits through advanced technologies. A literature review and research agenda
Advances in Smart Manufacturing Change Management
Some manufacturers encounter difficulties dealing with the changes during the planning process and what happens on the shop floor. These difficulties compound when the changes are spread across locations, disciplines, or departments. This paper discusses productive steps to minimize manufacturers' challenges of change processes. Specifically, the report recommends that … [Read more...] about Advances in Smart Manufacturing Change Management
A fresh look at computer vision for industrial quality control
Computer vision (CV) is a branch of artificial intelligence concerned with developing technology to process visual information and extract relevant features for recognition, understanding, and interpretation. These technologies include image acquisition, processing, pattern recognition, machine learning, knowledge representation, and natural language processing. While early … [Read more...] about A fresh look at computer vision for industrial quality control
Risk Management Rarely Gets to the Root Cause
Large corporations typically have internal risk management functions. Many are staffed by individuals with advanced degrees—even Ph.D.s—in areas such as mathematics, statistics, actuarial science, etc. The role of these folks is to identify areas of financial risk and forestall or reduce the threat they pose to their employer’s profitability. Supply chain risk is evaluated and … [Read more...] about Risk Management Rarely Gets to the Root Cause
Are Supply Chains Too Lean?
Supply chains everywhere have become too lean — and not just in auto. This trend was highlighted by pandemic-driven shortages in virtually everything – drugs, medical equipment, construction supplies, even toilet paper. The chip shortage alone is projected to impact global automotive sales by 1.3 million units in 2022.The issues behind these shortages show no signs of abating. … [Read more...] about Are Supply Chains Too Lean?
Going beyond buzzwords in the Industrial IoT
There is a lot to gain from diving deeper into the Industrial IoT. This huge topic requires some navigation. Avnet provides resources to help engineers find the right solution for their current and future design objectives.The Industrial IoT is one, important, element of Industry 4.0. On a wider scale, Industry 4.0 impacts all vertical markets. It describes new ways of doing … [Read more...] about Going beyond buzzwords in the Industrial IoT
How the Next Industrial Revolution Will Impact Our Future
If there's a common buzzword in almost any industry these days, it's sustainability. Its ubiquity tells us something about its importance — but even as we become more familiar with the term, the concept itself has become largely diluted.Traditionally, our conversations around sustainability have been focused on two concerns: fighting global warming and conserving natural … [Read more...] about How the Next Industrial Revolution Will Impact Our Future
Four fundamental challenges stalling your Industry 4.0 ambitions
From mechanization, it is astonishing to realize how far we have come as a society. The modern-day factories and manufacturing units are nothing less than revolutionary as some of the most advanced systems and equipment operate here – autonomously.Yes, they did so earlier as well but this, they call it Industry 4.0 – where physical and metaphysical realms come together. Humans … [Read more...] about Four fundamental challenges stalling your Industry 4.0 ambitions
The Benefits Of ISO 28000 Supply Chain Management System
The supply chain is a critical and vital part of all industries. Its importance is such that it helps organizations and enables them to operate normally and grow their business, without obstacles. With coronavirus, its importance has risen even further. Today, it is not just regarded as a key driver of customer service improvement but is also regarded as a key instrument for … [Read more...] about The Benefits Of ISO 28000 Supply Chain Management System
How Quality Supports Balance Between Human Workers and Intelligent Robots
With the current business trends of "working from anywhere" and the "Great Resignation", this balance is more important than ever for businesses to consider. It raises the questions:What roles should be given over to machines?How will organizations prepare their organizations – and their people – for the changing nature of work? How can error proofing … [Read more...] about How Quality Supports Balance Between Human Workers and Intelligent Robots
2022 Manufacturing Outlook and Opportunities
2022 is shaping up to be a year of opportunity for manufacturers in spite of ongoing concerns regarding business resiliency, supply chain instability, manpower shortages and economic uncertainty exacerbated by the Omicron variant.Manufacturers experiencing strong and consistent growth have one thing in common – they were early adopters of digital technologies, embracing … [Read more...] about 2022 Manufacturing Outlook and Opportunities
7 Ways Augmented Reality Can Upgrade Manufacturing Processes
Business leaders can deploy AR in manufacturing to streamline routine operations and create a safer workplace.Several industries, including construction, pharmaceutical, tourism, and others have started utilizing augmented reality (AR) to enhance their business. The COVID-19 pandemic has helped in showing the true potential of AR in these industries. According to the Wall … [Read more...] about 7 Ways Augmented Reality Can Upgrade Manufacturing Processes
How Small Manufacturers Can Develop Risk Management Strategies for Supply Chains
The COVID-19 pandemic brought to light a stark reality about current supply chains. As Nissan Motor Co.’s Chief Operating Officer Ashwani Gupta points out, “The just-in-time model is designed for supply-chain efficiencies and economies of scale. The repercussions of an unprecedented crisis like COVID highlight the fragility of our supply-chain model.”The U.S. supply chain has … [Read more...] about How Small Manufacturers Can Develop Risk Management Strategies for Supply Chains
Fusing High Performance and Manufacturability with SDfM
Simulation technology is continually advancing to model increasingly real-world product behavior; however, many companies lag in its adoption.A recent survey found that only 37 percent of respondents said they applied manufacturing simulation during the product design phase. The vast majority were checking product manufacturability only once the design was … [Read more...] about Fusing High Performance and Manufacturability with SDfM
Big Data Analytics in Manufacturing Industry
Manufacturing is one of the most important industries in the world’s economy. It accounts for ~16% of global GDP in 2019 and has generated an output of 13.9 trillion globally. US and China are the leading manufacturers globally, accounting for 4 trillion and 2.5 trillion manufacturing output respectively in 2019. India stands at 5th position with 0.42 trillion output, … [Read more...] about Big Data Analytics in Manufacturing Industry