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Training the Next Generation for the Manufacturing Workforce

January 01, 1900 | 276 views
The lazy days of summer are a thing of the past. Through a remarkably diverse set of summer camps and other enrichment programs, kids all over Arkansas spent the summer of 2015 participating in activities designed to spark their curiosity and teach them the joy of creating. That joy—and the 21st century skills they learned—will hopefully stay with them and lead some into the rewarding, high-paying manufacturing jobs that require those skills.

Spotlight

GMVykon

GMVykon is a 100% Mexican company with more than 45 years of experience in the industrial and services market, dedicated to providing specialized lifting, logistics and project execution solutions in different branches of the industry. From domestic services to industrial and construction, and with modern equipment, trained personnel and safety and quality management systems we ensure the satisfaction of our customers.

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MANUFACTURING TECHNOLOGY

Additive Manufacturing in the Aerospace Industry

Article | June 2, 2022

Over the last few years, additive manufacturing (also known as 3D printing) has garnered much attention and appreciation, both from consumers and the manufacturing fraternity. 3D printing, which started as a prototyping technology, has come a long way since its inception. To put it in simple words, additive manufacturing (AM) is a game-changer for manufacturers of all sizes. Traditional ways of generating products such as machining, cutting, turning, shaping, milling, and other "subtractive" manufacturing processes can be supplemented, and in some circumstances, completely replaced, by additive manufacturing. When we look at the bigger picture, AM is transforming people’s lives, which includes but is not restricted to just medical advances, safer transportation, highways, or any other infrastructural developments. Manufacturers can now swiftly make mock-ups of a new product or a part to fulfill a specific market niche, which can lead to the production of high-profit margin products. When additive manufacturing is used from start to finish, the overall manufacturing process becomes even more streamlined. Given the advantages of AM, it's only natural that the technology would be used in the aerospace industry. According to MarketanndMarkets, aerospace 3D printing is expected to exceed $3 billion by 2022 due to the rising demand for lightweight 3D printed parts for aircraft engines. Here are some areas where AM is implemented in the aerospace industry. Constructing Rocket Bodies: Relativity Space is a California-based aerospace manufacturing firm that focuses on creating manufacturing technologies, launch vehicles, and rocket engines for commercial orbital launch services. Their Stargate manufacturing facility is known to house the world's largest 3D printers. These printers use direct energy deposition and patented alloys to make the outer bodies of their rockets. When compared to traditional launch vehicles, 3D printing allows them to quickly create integrated components with a 100-fold lower part count. This also reduces weight and increases reliability, both of which are critical to the economics of space launch. It further allows designers to explore numerous designs in a short time span and helps enhance the overall quality and arrive at a better design. Designing Rocket Engines: Rocket Lab is a public American aerospace company that specializes in small satellite launches. Their Rutherford rocket engine was first tested in late 2016, and over 200 of these game-changing variants have been manufactured since then. The combustion chambers, injectors, pumps, and main propellant valves of this engine were all 3D printed utilizing electron-beam melting. The resulting engine is simple, dependable, and light, weighing only 35 kg (77 lb), making it perfect for low-cost space launches. Their new Curie and HyperCurie thrusters, which operate outside Earth's atmosphere, are based on the same principles. Designing Astronaut Outfits: Additive manufacturing isn't just for making actual rockets; it may also be used to create improved, refined astronaut outfits. The costumes of SpaceX's crew were partially produced with additive manufacturing when they sent humans into space. Even though the company has kept much of the underlying technology under wraps, a source shared that the helmet was made by using 3D printing technology and it had integrated valves, visor retraction and locking mechanisms, and microphones built into the structure. Wrapping Up: The current pace of manufacturing and engineering really necessitates the need for everyone to invest in additive manufacturing.” Cory Larson WMEP Manufacturing Solutions Consultant – Automation & Cybersecurity, Registered Practitioner, CMMC-AB AM is also gaining traction in the commercial manufacturing and fabrication markets. Metal fabrication companies all around the world have begun to provide additive manufacturing solutions in addition to subtractive methods like CNC machining. 3D printing is swiftly becoming one of the cornerstones of the industry 4.0 movement due to its capacity to generate high-tolerance parts and rapid prototypes at a substantially reduced cost.

Read More
MANUFACTURING TECHNOLOGY

AR/VR in Manufacturing: Breaking the Mold

Article | May 25, 2022

The manufacturing industry is known for its agility in adopting new technologies to revolutionize processes. In a way, many industries can learn to replicate the speed with which manufacturing undergoes transformation. The use of Augmented Reality (AR) and Virtual Reality (VR) in manufacturing is yet another frontier the industry is surpassing as it transitions to Industry 5.0. While VR is a fully digital environment that can be accessed through a VR headset, whereas AR overlays the real-world with digital information that is experienced through a smartphone or a display-based device like a heads-up display (HUD). For a long time, manufacturing has been marred by skill gaps, talent shortages, and a high employee attrition rate. But there’s hope, AR/VR is creating ground-breaking ways to optimize factory operations. The Journey of AR/VR Applications: From Gaming to Manufacturing Gaming was the first industry to use AR/VR. Multiple industries are now recognizing its value and innovating ways to implement AR/VR applications into critical areas of operations. In healthcare, AR/VR applications are used to simulate a controlled, high-risk medical environment in order to train medical professionals. Right at the Assembly Line, Minus the Risks Similarly, the manufacturing industry is discovering multiple areas of application for industrial AR/VR, from the warehouse to the training centers. When it comes to training employees, AR is making waves. In a setting where employees have to often manage complex tasks and multi-functional operations, AR applications are enabling manufacturers to simulate hands-on training without the risk of accidents. In addition, it can bypass any wastage of raw materials or avoid expensive mistakes. From the inspection perspective, 3D imaging can be used to build a digital VR twin of a wiring box. In the instance of a failure, the VR twin allows even an untrained worker to cross check the correct configuration and troubleshoot the problem. Companies Spearheading the Use of Industrial AR/VR With so many compelling AR/VR applications in training, several companies are using the technology in exciting and innovative ways. Industrial software solutions provider Honeywell has multiple trailblazing training methods. One of them is a VR training simulator used to train new technicians in high-risk, failure scenarios. The method doubled the skill retention compared to other training methods. The new training method has also enabled Honeywell to engage young workers better, simultaneously ensuring better employee retention. Guided Accuracy with AR/VR LightGuide is another AR/VR firm that is at the forefront of using cutting edge applications on the factory floor. The organization used digital traceability and live data to revolutionize over 1000 processes for leading manufacturers across the world. They use AR/VR for inspection and assembly of automotive headliners. The technique projects diagrams of harnesses, glue paths, and tape placements onto headliner blanks. The process also uses 3D sensors to confirm placement. The Long and the Short of It The manufacturing industry is forging ahead with the best in AR/VR technologies. The challenge of making it affordable for all types and sizes of manufacturing process is the next plan of action. There is much to be achieved with the two technologies, the most important of which is cost-effectiveness, speed and quality. AR/VR technologies are set to be at the helm of many processes, regardless of the volume and scale, AR/VR integration would help solve real world problems within manufacturing and talent management.

Read More
MANUFACTURING TECHNOLOGY

The Rise of Industry 5.0: When Men and Machines Work Together

Article | May 19, 2022

From Cyber-physical to Human Cyber-physical Systems (H CPS) Nurturing human-machine interaction in manufacturing will require the adoption, standardization, and implementation of new technologies. One of these new technologies is the cobot, or collaborative robot, the next generation of robots will be aware of human presence. It will understand the goals and desires of its human operator at the assembly line and learn to predict behaviors in advance. This will take automation at the assembly line to the next level, boosting efficiency tenfold. Human Cyber-Physical Systems will also help bridge the gap in accountability, sustainability, and safety left by Industry 4.0. Digital technology has spread its tentacles deep into the manufacturing industry. As the emergence of Industry 4.0 shows, cyber-physical systems at the heart of production are paving the way for future innovation. Many industries are still far from digital transformation. The Fourth Industrial Revolution, or Industry 4.0, originated from a German government strategy document. The initiative aimed to transform cyber-physical systems that used the Internet of Things (IoT) to communicate and the cloud to store and secure data into integrating human intelligence. This is where Industry 5.0 came in the picture. First introduced at the CeBIT 2017 held in Hannover; it was then called Society 5.0 and focused on resilience and sustainability of manufacturing. According to a survey by Accenture, 85% of 500 manufacturing executives agreed that robots and workers working together on production lines would become the norm. However, the human-integrated aspect of Industry 5.0 isn’t a standalone feature. Moving Towards Society-Centric Manufacturing Unlike in the past industrial revolutions, the current manufacturing industry focuses more on mitigating the adverse effects of production and manufacturing. Building synergy between man and machine is becoming the mainstay of Industry 5.0owing to the emergence of growing human-centric, socially-impactful manufacturing. This is accomplished by implementing environmentally responsible practices or through human intervention. In addition, Industry 5.0 extends its human-centric approach to push for relentless mass personalization that combines artificial intelligence and data analytics. “For companies that make engineered-to-order products, tedious design and engineering tasks are often the bottlenecks for selling more products and preparing them for each customer.” Scott Heide, Chief Executive Officer at Engineering Intent Corporation In a Nutshell Concerns about job loss no longer hold strong. This is partly due to the inseparable nature of human intelligence from innovation and how it is used in automation. Industry 5.0 has galvanized this approach. Its three main components: smart systems, smart devices, and smart automation will synergize physical and human intelligence to achieve resource optimization, seamless personalization and societal growth and harmony. There is a school of thought that says machines will be able to customize manufacturing by using data and AI. It may seem like a continuation of job losses due to automation, but even then, human intelligence cannot be replaced and that is the true rationale behind the emergence of Industry 5.0.

Read More
MANUFACTURING TECHNOLOGY

Multi-Channel Inventory Management: A Guide to Assured High Returns

Article | May 18, 2022

Multi-channel selling is a significant component of manufacturing. Modern buyers expect more from their buying experience, and one of them is being able to access different touchpoints to make a purchase. It is a challenge that modern businesses must address. And it all starts with prudent warehouse inventory management. But how can businesses stay ahead of the curve with a complex web of retail, wholesale, ecommerce, and logistics? This is precisely where multi-channel inventory management comes in. Multi-channel inventory management is the process of managing and keeping track of inventory sold from multiple locations through various selling channels. In this article, we will talk about how smart inventory management for a business with multiple sales channel can increase profits when done right. How C-Suites Can Unravel the Complex Web of Multi-Channel Selling When it comes to optimizing and addressing challenges in inventory management, warehouse management software is known to do wonders. But, when a business uses multiple channels to reach out to more consumers, generate more sales, and increase brand awareness, it also merits a holistic strategy. Management at the inventory level is key to fully unlock its revenue potential in a multi-channel marketplace. When C-levels are looking for ways to optimize operations, inventory management presents a massive opportunity. It is possible to solve many bottlenecks using proven strategies and established information and automation best practices. “Continuous process improvement by definition is ongoing. A static value proposition is hackneyed in no time.” Thomas R. Cutler, President and CEO, TR Cutler, Inc. Loss from Overstocking and Phantom Stocks Unoptimized inventory allocation is one of the costliest and most common challenges faced by multi-channel businesses. According to research commissioned by OrderDynamics, businesses worldwide lose over $471 billion from overstocking and $634 billion from out-of-stock orders. As a multi-channel seller, you must ensure that each channel has the corresponding inventory. Not doing so can lead to order cancellations or delays, or unsold stock. All of these can significantly reduce your profit margin. The Solution: Real-time Inventory Visibility Giving your warehouse managers the clarity they need in manufacturing inventory management can tackle the problem of overstocking. In addition, inventory management tools update inventory levels in real-time, so they don’t have to keep a close eye on inventory at every channel. Additionally, a synchronized inventory storage system can also help boost productivity and improve customer experience. Whether you use a periodic or continuous inventory management system, adding automation and integration with other tools will only help in providing clarity and flexibility. Slowdown in Logistics Due to Unoptimized Warehouse Space Distributed inventory is another aspect of multi-channel inventory management that can be used to create more traction and profit. Warehouse space is valuable for multi-channel businesses. With scattered locations and fluctuating demands, it can be difficult to forecast the optimal distribution of inventory across all channels as well as warehouse locations. According to manufacturing.net, about 20 to 30% of the inventory in a warehouse is obsolete. This clearly indicates the need to fully utilize storage and eliminate hurdles in warehouse inventory management. The Solution: Supply Chain Forecasting A combination of automation technologies can be used to build a multi-channel inventory management stack. The first is using demand sensing, an automation technology that uses real-time data to identify and anticipate short-term demand patterns. Sporting apparel giant, Nike has used demand sensing to effectively cut down on lead times by weeks. Another technology to consider in optimizing your warehouse space is Multi-Echelon Inventory Management, or MEIO. It has a holistic approach where it performs planning, optimization and forecasting across the supply chain. MEIO is also the answer to the scalability of modern multi-channel inventory management that offers comprehensive visibility and efficient rebalancing of inventory in real-time. Considering that 51% of sellers still lack forecasting software, as per a Zentail survey, the opportunity for C-levels is immense. Final Thoughts: Getting Impressively High Returns When done right, optimizing all aspects of multi-channel order management can yield impressive returns. The use of technology in automation and data analytics makes it easier to decode the complexities of a multi-channel operation. A storage and inventory management system may not have all the answers to the profitability puzzle. It is assured to lead to reduced inventory costs, improved performance of the supply chain network, and better responsiveness. This inevitably creates a powerful revenue generating multi-channel business. Frequently Asked Questions Can my existing ERP work as multichannel inventory management software? ERPs like SAP, Netsuite, or Oracle are designed to manage back-office processes and lack the specialization required to manage ecommerce and wholesale processes. Although they come with integrated solutions, their quality may not be up to the mark. What is the cost of multichannel inventory management software? While inventory management software ranges from free to thousands of dollars, the base price varies as per functionality. Some software services charge extra depending on the scale, volume, and integrations. What are the primary techniques of inventory management? Most manufacturers use three primary techniques to address challenges in inventory management: the pull strategy, the push strategy, and the just-in-time (JIT) strategy.

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MANUFACTURING TECHNOLOGY

Additive Manufacturing in the Aerospace Industry

Article | June 2, 2022

Over the last few years, additive manufacturing (also known as 3D printing) has garnered much attention and appreciation, both from consumers and the manufacturing fraternity. 3D printing, which started as a prototyping technology, has come a long way since its inception. To put it in simple words, additive manufacturing (AM) is a game-changer for manufacturers of all sizes. Traditional ways of generating products such as machining, cutting, turning, shaping, milling, and other "subtractive" manufacturing processes can be supplemented, and in some circumstances, completely replaced, by additive manufacturing. When we look at the bigger picture, AM is transforming people’s lives, which includes but is not restricted to just medical advances, safer transportation, highways, or any other infrastructural developments. Manufacturers can now swiftly make mock-ups of a new product or a part to fulfill a specific market niche, which can lead to the production of high-profit margin products. When additive manufacturing is used from start to finish, the overall manufacturing process becomes even more streamlined. Given the advantages of AM, it's only natural that the technology would be used in the aerospace industry. According to MarketanndMarkets, aerospace 3D printing is expected to exceed $3 billion by 2022 due to the rising demand for lightweight 3D printed parts for aircraft engines. Here are some areas where AM is implemented in the aerospace industry. Constructing Rocket Bodies: Relativity Space is a California-based aerospace manufacturing firm that focuses on creating manufacturing technologies, launch vehicles, and rocket engines for commercial orbital launch services. Their Stargate manufacturing facility is known to house the world's largest 3D printers. These printers use direct energy deposition and patented alloys to make the outer bodies of their rockets. When compared to traditional launch vehicles, 3D printing allows them to quickly create integrated components with a 100-fold lower part count. This also reduces weight and increases reliability, both of which are critical to the economics of space launch. It further allows designers to explore numerous designs in a short time span and helps enhance the overall quality and arrive at a better design. Designing Rocket Engines: Rocket Lab is a public American aerospace company that specializes in small satellite launches. Their Rutherford rocket engine was first tested in late 2016, and over 200 of these game-changing variants have been manufactured since then. The combustion chambers, injectors, pumps, and main propellant valves of this engine were all 3D printed utilizing electron-beam melting. The resulting engine is simple, dependable, and light, weighing only 35 kg (77 lb), making it perfect for low-cost space launches. Their new Curie and HyperCurie thrusters, which operate outside Earth's atmosphere, are based on the same principles. Designing Astronaut Outfits: Additive manufacturing isn't just for making actual rockets; it may also be used to create improved, refined astronaut outfits. The costumes of SpaceX's crew were partially produced with additive manufacturing when they sent humans into space. Even though the company has kept much of the underlying technology under wraps, a source shared that the helmet was made by using 3D printing technology and it had integrated valves, visor retraction and locking mechanisms, and microphones built into the structure. Wrapping Up: The current pace of manufacturing and engineering really necessitates the need for everyone to invest in additive manufacturing.” Cory Larson WMEP Manufacturing Solutions Consultant – Automation & Cybersecurity, Registered Practitioner, CMMC-AB AM is also gaining traction in the commercial manufacturing and fabrication markets. Metal fabrication companies all around the world have begun to provide additive manufacturing solutions in addition to subtractive methods like CNC machining. 3D printing is swiftly becoming one of the cornerstones of the industry 4.0 movement due to its capacity to generate high-tolerance parts and rapid prototypes at a substantially reduced cost.

Read More
MANUFACTURING TECHNOLOGY

AR/VR in Manufacturing: Breaking the Mold

Article | May 25, 2022

The manufacturing industry is known for its agility in adopting new technologies to revolutionize processes. In a way, many industries can learn to replicate the speed with which manufacturing undergoes transformation. The use of Augmented Reality (AR) and Virtual Reality (VR) in manufacturing is yet another frontier the industry is surpassing as it transitions to Industry 5.0. While VR is a fully digital environment that can be accessed through a VR headset, whereas AR overlays the real-world with digital information that is experienced through a smartphone or a display-based device like a heads-up display (HUD). For a long time, manufacturing has been marred by skill gaps, talent shortages, and a high employee attrition rate. But there’s hope, AR/VR is creating ground-breaking ways to optimize factory operations. The Journey of AR/VR Applications: From Gaming to Manufacturing Gaming was the first industry to use AR/VR. Multiple industries are now recognizing its value and innovating ways to implement AR/VR applications into critical areas of operations. In healthcare, AR/VR applications are used to simulate a controlled, high-risk medical environment in order to train medical professionals. Right at the Assembly Line, Minus the Risks Similarly, the manufacturing industry is discovering multiple areas of application for industrial AR/VR, from the warehouse to the training centers. When it comes to training employees, AR is making waves. In a setting where employees have to often manage complex tasks and multi-functional operations, AR applications are enabling manufacturers to simulate hands-on training without the risk of accidents. In addition, it can bypass any wastage of raw materials or avoid expensive mistakes. From the inspection perspective, 3D imaging can be used to build a digital VR twin of a wiring box. In the instance of a failure, the VR twin allows even an untrained worker to cross check the correct configuration and troubleshoot the problem. Companies Spearheading the Use of Industrial AR/VR With so many compelling AR/VR applications in training, several companies are using the technology in exciting and innovative ways. Industrial software solutions provider Honeywell has multiple trailblazing training methods. One of them is a VR training simulator used to train new technicians in high-risk, failure scenarios. The method doubled the skill retention compared to other training methods. The new training method has also enabled Honeywell to engage young workers better, simultaneously ensuring better employee retention. Guided Accuracy with AR/VR LightGuide is another AR/VR firm that is at the forefront of using cutting edge applications on the factory floor. The organization used digital traceability and live data to revolutionize over 1000 processes for leading manufacturers across the world. They use AR/VR for inspection and assembly of automotive headliners. The technique projects diagrams of harnesses, glue paths, and tape placements onto headliner blanks. The process also uses 3D sensors to confirm placement. The Long and the Short of It The manufacturing industry is forging ahead with the best in AR/VR technologies. The challenge of making it affordable for all types and sizes of manufacturing process is the next plan of action. There is much to be achieved with the two technologies, the most important of which is cost-effectiveness, speed and quality. AR/VR technologies are set to be at the helm of many processes, regardless of the volume and scale, AR/VR integration would help solve real world problems within manufacturing and talent management.

Read More
MANUFACTURING TECHNOLOGY

The Rise of Industry 5.0: When Men and Machines Work Together

Article | May 19, 2022

From Cyber-physical to Human Cyber-physical Systems (H CPS) Nurturing human-machine interaction in manufacturing will require the adoption, standardization, and implementation of new technologies. One of these new technologies is the cobot, or collaborative robot, the next generation of robots will be aware of human presence. It will understand the goals and desires of its human operator at the assembly line and learn to predict behaviors in advance. This will take automation at the assembly line to the next level, boosting efficiency tenfold. Human Cyber-Physical Systems will also help bridge the gap in accountability, sustainability, and safety left by Industry 4.0. Digital technology has spread its tentacles deep into the manufacturing industry. As the emergence of Industry 4.0 shows, cyber-physical systems at the heart of production are paving the way for future innovation. Many industries are still far from digital transformation. The Fourth Industrial Revolution, or Industry 4.0, originated from a German government strategy document. The initiative aimed to transform cyber-physical systems that used the Internet of Things (IoT) to communicate and the cloud to store and secure data into integrating human intelligence. This is where Industry 5.0 came in the picture. First introduced at the CeBIT 2017 held in Hannover; it was then called Society 5.0 and focused on resilience and sustainability of manufacturing. According to a survey by Accenture, 85% of 500 manufacturing executives agreed that robots and workers working together on production lines would become the norm. However, the human-integrated aspect of Industry 5.0 isn’t a standalone feature. Moving Towards Society-Centric Manufacturing Unlike in the past industrial revolutions, the current manufacturing industry focuses more on mitigating the adverse effects of production and manufacturing. Building synergy between man and machine is becoming the mainstay of Industry 5.0owing to the emergence of growing human-centric, socially-impactful manufacturing. This is accomplished by implementing environmentally responsible practices or through human intervention. In addition, Industry 5.0 extends its human-centric approach to push for relentless mass personalization that combines artificial intelligence and data analytics. “For companies that make engineered-to-order products, tedious design and engineering tasks are often the bottlenecks for selling more products and preparing them for each customer.” Scott Heide, Chief Executive Officer at Engineering Intent Corporation In a Nutshell Concerns about job loss no longer hold strong. This is partly due to the inseparable nature of human intelligence from innovation and how it is used in automation. Industry 5.0 has galvanized this approach. Its three main components: smart systems, smart devices, and smart automation will synergize physical and human intelligence to achieve resource optimization, seamless personalization and societal growth and harmony. There is a school of thought that says machines will be able to customize manufacturing by using data and AI. It may seem like a continuation of job losses due to automation, but even then, human intelligence cannot be replaced and that is the true rationale behind the emergence of Industry 5.0.

Read More
MANUFACTURING TECHNOLOGY

Multi-Channel Inventory Management: A Guide to Assured High Returns

Article | May 18, 2022

Multi-channel selling is a significant component of manufacturing. Modern buyers expect more from their buying experience, and one of them is being able to access different touchpoints to make a purchase. It is a challenge that modern businesses must address. And it all starts with prudent warehouse inventory management. But how can businesses stay ahead of the curve with a complex web of retail, wholesale, ecommerce, and logistics? This is precisely where multi-channel inventory management comes in. Multi-channel inventory management is the process of managing and keeping track of inventory sold from multiple locations through various selling channels. In this article, we will talk about how smart inventory management for a business with multiple sales channel can increase profits when done right. How C-Suites Can Unravel the Complex Web of Multi-Channel Selling When it comes to optimizing and addressing challenges in inventory management, warehouse management software is known to do wonders. But, when a business uses multiple channels to reach out to more consumers, generate more sales, and increase brand awareness, it also merits a holistic strategy. Management at the inventory level is key to fully unlock its revenue potential in a multi-channel marketplace. When C-levels are looking for ways to optimize operations, inventory management presents a massive opportunity. It is possible to solve many bottlenecks using proven strategies and established information and automation best practices. “Continuous process improvement by definition is ongoing. A static value proposition is hackneyed in no time.” Thomas R. Cutler, President and CEO, TR Cutler, Inc. Loss from Overstocking and Phantom Stocks Unoptimized inventory allocation is one of the costliest and most common challenges faced by multi-channel businesses. According to research commissioned by OrderDynamics, businesses worldwide lose over $471 billion from overstocking and $634 billion from out-of-stock orders. As a multi-channel seller, you must ensure that each channel has the corresponding inventory. Not doing so can lead to order cancellations or delays, or unsold stock. All of these can significantly reduce your profit margin. The Solution: Real-time Inventory Visibility Giving your warehouse managers the clarity they need in manufacturing inventory management can tackle the problem of overstocking. In addition, inventory management tools update inventory levels in real-time, so they don’t have to keep a close eye on inventory at every channel. Additionally, a synchronized inventory storage system can also help boost productivity and improve customer experience. Whether you use a periodic or continuous inventory management system, adding automation and integration with other tools will only help in providing clarity and flexibility. Slowdown in Logistics Due to Unoptimized Warehouse Space Distributed inventory is another aspect of multi-channel inventory management that can be used to create more traction and profit. Warehouse space is valuable for multi-channel businesses. With scattered locations and fluctuating demands, it can be difficult to forecast the optimal distribution of inventory across all channels as well as warehouse locations. According to manufacturing.net, about 20 to 30% of the inventory in a warehouse is obsolete. This clearly indicates the need to fully utilize storage and eliminate hurdles in warehouse inventory management. The Solution: Supply Chain Forecasting A combination of automation technologies can be used to build a multi-channel inventory management stack. The first is using demand sensing, an automation technology that uses real-time data to identify and anticipate short-term demand patterns. Sporting apparel giant, Nike has used demand sensing to effectively cut down on lead times by weeks. Another technology to consider in optimizing your warehouse space is Multi-Echelon Inventory Management, or MEIO. It has a holistic approach where it performs planning, optimization and forecasting across the supply chain. MEIO is also the answer to the scalability of modern multi-channel inventory management that offers comprehensive visibility and efficient rebalancing of inventory in real-time. Considering that 51% of sellers still lack forecasting software, as per a Zentail survey, the opportunity for C-levels is immense. Final Thoughts: Getting Impressively High Returns When done right, optimizing all aspects of multi-channel order management can yield impressive returns. The use of technology in automation and data analytics makes it easier to decode the complexities of a multi-channel operation. A storage and inventory management system may not have all the answers to the profitability puzzle. It is assured to lead to reduced inventory costs, improved performance of the supply chain network, and better responsiveness. This inevitably creates a powerful revenue generating multi-channel business. Frequently Asked Questions Can my existing ERP work as multichannel inventory management software? ERPs like SAP, Netsuite, or Oracle are designed to manage back-office processes and lack the specialization required to manage ecommerce and wholesale processes. Although they come with integrated solutions, their quality may not be up to the mark. What is the cost of multichannel inventory management software? While inventory management software ranges from free to thousands of dollars, the base price varies as per functionality. Some software services charge extra depending on the scale, volume, and integrations. What are the primary techniques of inventory management? Most manufacturers use three primary techniques to address challenges in inventory management: the pull strategy, the push strategy, and the just-in-time (JIT) strategy.

Read More
MORE ARTICLE

Spotlight

GMVykon

GMVykon is a 100% Mexican company with more than 45 years of experience in the industrial and services market, dedicated to providing specialized lifting, logistics and project execution solutions in different branches of the industry. From domestic services to industrial and construction, and with modern equipment, trained personnel and safety and quality management systems we ensure the satisfaction of our customers.

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3D PRINTING

Prototek Acquires Prototype Solutions Group

Prototek | August 05, 2022

Prototek Holdings LLC ("Prototek"), a leading North American digital manufacturing provider of CNC machining, sheet metal and industrial 3D printing announced today it has acquired Prototype Solutions Group (PSG). PSG is a leading provider of quick-turn prototyping in CNC, additive and cast manufacturing located in northern Wisconsin, about one hour east of Minneapolis, MN. PSG becomes the third Prototek location in Wisconsin where it joins Midwest Prototyping, Prototek’s additive manufacturing division headquarters, and Prototek, Grafton, a sheet metal and machining operation, adding additional capabilities and capacity to Prototek’s Midwest operations. Alan Anderson, co-founder and President of PSG, will become a strategic operational advisor to Prototek under CEO, Bill Gress, and will continue, along with his management team, to oversee day-to-day operations at the Menomonie location. “Al and his team have built a great business in PSG, They have continued to grow and evolve the last 17 years into a truly impressive organization and their synergies with Prototek are undeniable. I’m confident that they will be instrumental in bolstering our continued effort to build a best-in-class, one-stop digital manufacturing solution.” -Bill Gress, CEO of Prototek. The addition of PSG is a continuation of the expansion of Prototek’s manufacturing capabilities and capacity. The acquisition adds additional CNC, additive manufacturing and several novel cast manufacturing methods to Prototek’s already broad rapid prototyping capabilities. Prototek will continue to operate in all current locations now encompassing 11 facilities across the US, with over 300 employees and more than 250,000 square feet of manufacturing workspace. “I’m very excited to work with Bill and the Prototek team to grow this organization. I have enjoyed my years helping to build PSG, but the opportunity to leverage the resources and capabilities of a larger organization to realize a broader vision was the logical next step, What Prototek is trying to do by becoming a comprehensive leader in the digital manufacturing space is something I wanted my company to be part of, and I’m really excited for the career growth opportunities this affords my team here at PSG.” -Alan Anderson, co-founder and President of PSG. About Prototek: Prototek is a leading national rapid prototyping services provider of precision machined, sheet metal fabricated, and 3D printed parts for various end markets, including aerospace, defense, medical, robotics, electronics, consumer, and general industrial. Headquartered in New Hampshire, Prototek serves a diverse customer base with numerous in-house manufacturing capabilities with facilities in Colorado, New Hampshire, Northern California, Wisconsin, and Pennsylvania. Prototek holds ISO 9001:2015 and AS9100D:2016 certifications and is ITAR (International Traffic in Arms Regulations) Registered. About Prototype Solutions Group: Prototype Solutions Group, Inc. opened its doors for business in October 2005 in Menomonie, WI. It operates today in a 24,000 square foot facility with more than 40 manufacturing machines. The founders’ approach to business has enabled the company to grow and evolve its services and capabilities to add value to many industries. Combining the latest technologies with its vast industry knowledge and experience, Prototype Solutions Group is fully equipped to manufacture customer designs with speed, agility and quality. They focus on rapid prototyping, short-run production, and visual models using a variety of traditional, additive, and cast manufacturing methods

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3D PRINTING

OrthoPediatrics Corp. Announces Distribution Agreement with 3D-Side

OrthoPediatrics | July 16, 2022

OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics, today announced an exclusive distribution agreement with 3D-Side S.A., a Belgium based software developer and manufacturer of patient specific 3D printed cutting guides. This commercial agreement grants OrthoPediatrics exclusive distribution rights of the 3D-CUT-OSTEO osteotomy guide in the United States’ leading pediatric hospitals in addition to certain international markets in the future. 3D-CUT patient specific guides, designed from CT or MRI images, assist surgeons performing corrective and bone tumor resection osteotomies. The single use guide technology enables accurate deformity or tumor corrective procedures. “The 3D-Side technology complements the OrthoPediatrics’ pediatric limb deformity implant and biologic offering, and increases exposure in the pediatric oncology market, where many of the most challenging orthopedic cases involving tumor resection require a full complement of solutions including implants, biologics, and patient specific devices. We are excited to enter this relationship with 3D-Side to provide our pediatric orthopedic customers access to the 3D-CUT products.” -David Bailey President and CEO, OrthoPediatrics 3D-Side Co-CEO, Laurent Paul stated, Our partnership with OrthoPediatrics is based on a shared mission and commitment to limit the risks involved in surgery on medically challenged young patients. Because each patient is unique, we imagine dedicated solutions to fit their surgical needs. Thanks to the OrthoPediatrics partnership, we are thrilled to expand these well-established products in Europe to the USA and bring our expertise to pediatric orthopedic surgeons in the United States, said Laurent Paul, 3D-Side's Co-CEO. About OrthoPediatrics Corp- Founded in 2006, OrthoPediatrics is an orthopedic company focused exclusively on advancing the field of pediatric orthopedics. As such it has developed the most comprehensive product offering to the pediatric orthopedic market to improve the lives of children with orthopedic conditions. OrthoPediatrics currently markets 37 surgical systems that serve three of the largest categories within the pediatric orthopedic market. This product offering spans trauma and deformity, scoliosis, and sports medicine/other procedures. OrthoPediatrics’ global sales organization is focused exclusively on pediatric orthopedics and distributes its products in the United States and 45 countries outside the United States. About 3D-Side, S.A- 3D-Side is a Belgian company having developed first class products in cranioplasty, bone tumor surgery and deformity correction for more than 10 years. Its mission is to offer patient specific medical devices to allow planning of complex surgeries with incomparable quality. Based on this internal know-how, 3D-Side has developed a very specific vision on integrated surgical software and technologies. Through this vision, an innovative platform named Customize developed, connecting surgeons, patients, and medical device companies to optimize and streamline communication, creation and production of patient-specific medical devices. Personalization is in our DNA. We believe a tailor-made solution for each unique patient is key to, together with the surgeons, make surgeries a moment of confidence and persevere against risks. Ensuring that life wins in the end is at the heart of what we do. We are believers of 'together we are stronger’.

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3D PRINTING,INDUSTRIAL 4.0

Vertex joins John Deere supply base

John Deere | July 15, 2022

Today, Vertex Software, Inc., a pioneer in 3D manufacturing visualization and cloud collaboration technology, announces that they have been selected as a supplier to Deere & Company, a leading global manufacturer of agricultural, forestry, and other heavy equipment and an Industry 4.0 innovator. John Deere employees will use Vertex to access the state of the factory, service needs for equipment, forecast planning, and gather information about how equipment functions in real time. They can access the content on any computing device in seconds, including tablets, laptops, and smartphones. By pushing 3D information data beyond the engineering department, Vertex's purpose-built software will support John Deere's Industry 4.0 initiatives, including Smart Connected Factory programs, by delivering real-time, actionable 3D data across manufacturing and business operations. The Vertex 3D Platform dramatically reduces the time, cost, and effort needed to use 3D visualizations across the manufacturing value chain. The platform will help John Deere build and deploy fit-for-purpose apps that deliver decision-making systems with rich, interactive 3D content. The sheer size and sensitive nature of CAD data, the cost of 3D hardware and software, and the number of data formats and software systems have made it nearly impossible to use 3D product data beyond engineering. Now, Vertex makes it possible to engage customers, employees, suppliers, and partners with 3D data wherever they are on whatever devices they use. Vertex extends the reach of 3D data to reduce supply chain bottlenecks, accelerate time-to-market, and increase sales by providing easy access to viewable 3D information that enhances productivity and reduces expenses. "For the first time, manufacturers have a truly effective way to leverage their 3D data assets beyond engineering, We're like Netflix for CAD. You can now reach everyone, everywhere, instantly with 3D." -Dan Murray, CEO & Founder of Vertex Software. About Vertex Software- Vertex Software offers cloud-based 3D solutions that enable manufacturers to unleash the full potential of their CAD and PLM investment. Vertex solutions drive customer satisfaction, grow market share, engage suppliers and partners, and energize employees with secure, cost-effective cloud-based solutions that eliminate the use of large data files. Vertex customers include industry-leading manufacturers, with several listed in the Fortune 500.

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3D PRINTING

Prototek Acquires Prototype Solutions Group

Prototek | August 05, 2022

Prototek Holdings LLC ("Prototek"), a leading North American digital manufacturing provider of CNC machining, sheet metal and industrial 3D printing announced today it has acquired Prototype Solutions Group (PSG). PSG is a leading provider of quick-turn prototyping in CNC, additive and cast manufacturing located in northern Wisconsin, about one hour east of Minneapolis, MN. PSG becomes the third Prototek location in Wisconsin where it joins Midwest Prototyping, Prototek’s additive manufacturing division headquarters, and Prototek, Grafton, a sheet metal and machining operation, adding additional capabilities and capacity to Prototek’s Midwest operations. Alan Anderson, co-founder and President of PSG, will become a strategic operational advisor to Prototek under CEO, Bill Gress, and will continue, along with his management team, to oversee day-to-day operations at the Menomonie location. “Al and his team have built a great business in PSG, They have continued to grow and evolve the last 17 years into a truly impressive organization and their synergies with Prototek are undeniable. I’m confident that they will be instrumental in bolstering our continued effort to build a best-in-class, one-stop digital manufacturing solution.” -Bill Gress, CEO of Prototek. The addition of PSG is a continuation of the expansion of Prototek’s manufacturing capabilities and capacity. The acquisition adds additional CNC, additive manufacturing and several novel cast manufacturing methods to Prototek’s already broad rapid prototyping capabilities. Prototek will continue to operate in all current locations now encompassing 11 facilities across the US, with over 300 employees and more than 250,000 square feet of manufacturing workspace. “I’m very excited to work with Bill and the Prototek team to grow this organization. I have enjoyed my years helping to build PSG, but the opportunity to leverage the resources and capabilities of a larger organization to realize a broader vision was the logical next step, What Prototek is trying to do by becoming a comprehensive leader in the digital manufacturing space is something I wanted my company to be part of, and I’m really excited for the career growth opportunities this affords my team here at PSG.” -Alan Anderson, co-founder and President of PSG. About Prototek: Prototek is a leading national rapid prototyping services provider of precision machined, sheet metal fabricated, and 3D printed parts for various end markets, including aerospace, defense, medical, robotics, electronics, consumer, and general industrial. Headquartered in New Hampshire, Prototek serves a diverse customer base with numerous in-house manufacturing capabilities with facilities in Colorado, New Hampshire, Northern California, Wisconsin, and Pennsylvania. Prototek holds ISO 9001:2015 and AS9100D:2016 certifications and is ITAR (International Traffic in Arms Regulations) Registered. About Prototype Solutions Group: Prototype Solutions Group, Inc. opened its doors for business in October 2005 in Menomonie, WI. It operates today in a 24,000 square foot facility with more than 40 manufacturing machines. The founders’ approach to business has enabled the company to grow and evolve its services and capabilities to add value to many industries. Combining the latest technologies with its vast industry knowledge and experience, Prototype Solutions Group is fully equipped to manufacture customer designs with speed, agility and quality. They focus on rapid prototyping, short-run production, and visual models using a variety of traditional, additive, and cast manufacturing methods

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3D PRINTING

OrthoPediatrics Corp. Announces Distribution Agreement with 3D-Side

OrthoPediatrics | July 16, 2022

OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics, today announced an exclusive distribution agreement with 3D-Side S.A., a Belgium based software developer and manufacturer of patient specific 3D printed cutting guides. This commercial agreement grants OrthoPediatrics exclusive distribution rights of the 3D-CUT-OSTEO osteotomy guide in the United States’ leading pediatric hospitals in addition to certain international markets in the future. 3D-CUT patient specific guides, designed from CT or MRI images, assist surgeons performing corrective and bone tumor resection osteotomies. The single use guide technology enables accurate deformity or tumor corrective procedures. “The 3D-Side technology complements the OrthoPediatrics’ pediatric limb deformity implant and biologic offering, and increases exposure in the pediatric oncology market, where many of the most challenging orthopedic cases involving tumor resection require a full complement of solutions including implants, biologics, and patient specific devices. We are excited to enter this relationship with 3D-Side to provide our pediatric orthopedic customers access to the 3D-CUT products.” -David Bailey President and CEO, OrthoPediatrics 3D-Side Co-CEO, Laurent Paul stated, Our partnership with OrthoPediatrics is based on a shared mission and commitment to limit the risks involved in surgery on medically challenged young patients. Because each patient is unique, we imagine dedicated solutions to fit their surgical needs. Thanks to the OrthoPediatrics partnership, we are thrilled to expand these well-established products in Europe to the USA and bring our expertise to pediatric orthopedic surgeons in the United States, said Laurent Paul, 3D-Side's Co-CEO. About OrthoPediatrics Corp- Founded in 2006, OrthoPediatrics is an orthopedic company focused exclusively on advancing the field of pediatric orthopedics. As such it has developed the most comprehensive product offering to the pediatric orthopedic market to improve the lives of children with orthopedic conditions. OrthoPediatrics currently markets 37 surgical systems that serve three of the largest categories within the pediatric orthopedic market. This product offering spans trauma and deformity, scoliosis, and sports medicine/other procedures. OrthoPediatrics’ global sales organization is focused exclusively on pediatric orthopedics and distributes its products in the United States and 45 countries outside the United States. About 3D-Side, S.A- 3D-Side is a Belgian company having developed first class products in cranioplasty, bone tumor surgery and deformity correction for more than 10 years. Its mission is to offer patient specific medical devices to allow planning of complex surgeries with incomparable quality. Based on this internal know-how, 3D-Side has developed a very specific vision on integrated surgical software and technologies. Through this vision, an innovative platform named Customize developed, connecting surgeons, patients, and medical device companies to optimize and streamline communication, creation and production of patient-specific medical devices. Personalization is in our DNA. We believe a tailor-made solution for each unique patient is key to, together with the surgeons, make surgeries a moment of confidence and persevere against risks. Ensuring that life wins in the end is at the heart of what we do. We are believers of 'together we are stronger’.

Read More

3D PRINTING,INDUSTRIAL 4.0

Vertex joins John Deere supply base

John Deere | July 15, 2022

Today, Vertex Software, Inc., a pioneer in 3D manufacturing visualization and cloud collaboration technology, announces that they have been selected as a supplier to Deere & Company, a leading global manufacturer of agricultural, forestry, and other heavy equipment and an Industry 4.0 innovator. John Deere employees will use Vertex to access the state of the factory, service needs for equipment, forecast planning, and gather information about how equipment functions in real time. They can access the content on any computing device in seconds, including tablets, laptops, and smartphones. By pushing 3D information data beyond the engineering department, Vertex's purpose-built software will support John Deere's Industry 4.0 initiatives, including Smart Connected Factory programs, by delivering real-time, actionable 3D data across manufacturing and business operations. The Vertex 3D Platform dramatically reduces the time, cost, and effort needed to use 3D visualizations across the manufacturing value chain. The platform will help John Deere build and deploy fit-for-purpose apps that deliver decision-making systems with rich, interactive 3D content. The sheer size and sensitive nature of CAD data, the cost of 3D hardware and software, and the number of data formats and software systems have made it nearly impossible to use 3D product data beyond engineering. Now, Vertex makes it possible to engage customers, employees, suppliers, and partners with 3D data wherever they are on whatever devices they use. Vertex extends the reach of 3D data to reduce supply chain bottlenecks, accelerate time-to-market, and increase sales by providing easy access to viewable 3D information that enhances productivity and reduces expenses. "For the first time, manufacturers have a truly effective way to leverage their 3D data assets beyond engineering, We're like Netflix for CAD. You can now reach everyone, everywhere, instantly with 3D." -Dan Murray, CEO & Founder of Vertex Software. About Vertex Software- Vertex Software offers cloud-based 3D solutions that enable manufacturers to unleash the full potential of their CAD and PLM investment. Vertex solutions drive customer satisfaction, grow market share, engage suppliers and partners, and energize employees with secure, cost-effective cloud-based solutions that eliminate the use of large data files. Vertex customers include industry-leading manufacturers, with several listed in the Fortune 500.

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