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Automation Drives COGS Reduction for Small and Mid-sized Manufacturers

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By Mike Franz, founder and creator of the WorkCenter from ManufacturingPower

Automated access to summary cost and margin information for each SKU delivers light SaaS “MRO/tail-spend” price transparency, returning a minimum 11-14 COGS (cost of goods sold) reduction to the bottom line.

Every manufacturer must pay attention to costs and competitors’ pricing. For better or worse, purchasing professionals are rewarded for capturing the lowest price; few have the time to scour the internet for ever RFQ to see if the bid offered is indeed competitive. Measuring value with price experiments is not realistic.

Full-time competitive pricing professionals could work 24/7 to generate statistically valid and accurate data. For the small and mid-sized manufacturer, the solution is to automate price comparison functionality. Until recently this was prohibitively expensive and often too complex. Automating costs and competitive prices can be achieved in a $5,000 per year SaaS solution. [Read more…] about Automation Drives COGS Reduction for Small and Mid-sized Manufacturers

Buying a Used Ford: VIN Search Is a Must

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Henry Ford was a great industrialist and businessman. He reinvented the notion of the American automobile industry by his Ford Motor Company.

This brand has become popular not only in the United States but also all around the world.

Purchasing a new Ford from a salon might be expensive and simply unnecessary. [Read more…] about Buying a Used Ford: VIN Search Is a Must

Using iMac Mockup to Provide the Right Narrative

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If you really want to entice clients with your digital product, you have to be able to tell a story through your asset. The iMac mockup is the best storyboard.

It is not enough that you can design a great website or digital product. You also need to be able to package it well so that people, particularly clients, will be on board with your project.

Fortunately, now is the best time to be digital product designer because of the myriad ways one can showcase their project. One such way is through the iMac mockup, which could be the best canvas because of the many templates available.

It is the best time to be a designer because a lot of websites also offer free mockups that could provide a great narrative for your digital product. One such website is user experience specialist UX Planet. [Read more…] about Using iMac Mockup to Provide the Right Narrative

How to Choose A Gripper for Your Collaborative Robot

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Most modern robots are built with both affordability and practicality in mind. This is because there is work that robots can do really well, and there are some simple things that human beings can do better than robots.

It is for this reason that collaborative robots have gained popularity in all major industries – robots that work alongside humans to not only increase productivity, but also safety in facilities.

Collaborative robots can be programmed to do almost any task. [Read more…] about How to Choose A Gripper for Your Collaborative Robot

Worldwide semiconductor manufacturing equipment sales jump 12 percent

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Worldwide semiconductor equipment manufacturers posted third-quarter 2019 billings of $14.9 billion, a quarter-over-quarter increase of 12 percent but down 6 percent from the third quarter of 2018.

This is according to data collated by SEMI, the global industry association representing the electronics manufacturing and design supply chain, reported today.

The data are gathered jointly with the Semiconductor Equipment Association of Japan from more than 80 global equipment companies that provide data on a monthly basis. [Read more…] about Worldwide semiconductor manufacturing equipment sales jump 12 percent

Exploring the Present and Future Impact of Robotics and Machine Learning on the Healthcare Industry

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Robotics has already revolutionized the manufacturing industry, but it has begun to impact the healthcare industry as well. AI is already showing that it can do a lot of what humans can, only faster and cheaper.

The potential benefits of machine learning and artificial intelligence are only starting to be seen, though we can make an educated guess regarding the benefit it can have.

Let’s look at the current and future impact robotics and machine learning is making on the healthcare industry. [Read more…] about Exploring the Present and Future Impact of Robotics and Machine Learning on the Healthcare Industry

All You Need to Know about Automated Forex Trading

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Automated trading has brought a shift in the trading markets – it allows getting away from manual trades which are much faster and less cumbersome

Trading is tedious and time-consuming and at times the risk management does not work very well to ensure we do not make losses.

Most traders have desired for a long time to have systems that can trade on their behalf.

Imagine if you had a robot to trade on your behalf earning you guaranteed profits and never worrying about losses. [Read more…] about All You Need to Know about Automated Forex Trading

Industrial robotics companies to watch out for in 2020

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In the last decade, there are few industries in which robotics have not been a disruptive force. From food production to aerospace, autonomous technology is everywhere and the prevalence of robotics is growing at an exponential rate.

Though there have been many companies that have opened their doors to ride the robotic wave into the future, there are a few stalwart firms that have been at the forefront of innovation from the beginning.

The list below consists of some of these tech leaders, all of which should be on your radar for 2020. [Read more…] about Industrial robotics companies to watch out for in 2020

Rapid Prototyping Services: A Key Empowering Innovation

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There are many operational challenges today that are constraining organizations in their search for new advancements to improve their business procedures and accelerate product development cycles.

Rapid prototyping services has risen as a key empowering innovation, with its capacity to abbreviate item plan and advancement time.

Rapid prototyping services is an innovation for rapidly manufacturing physical models, utilitarian models and little clumps of parts legitimately from PC supported plan (CAD) information. [Read more…] about Rapid Prototyping Services: A Key Empowering Innovation

Automation 2020: Manufacturers Adopt Overall Pricing Effectiveness

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By Gabriel Smith, chief evangelist at Pricefx

Eliminating pricing waste: Overall Pricing Effectiveness (OPE)

There is an even more effective means to improve profitability than variable cost reduction.

In fact, according to many studies, improving variable cost typically results in a <8 per cent improvement in profitability whereas improving price results in an >11 per cent improvement in operating profit.  [Read more…] about Automation 2020: Manufacturers Adopt Overall Pricing Effectiveness