Manufacturers are constantly looking at new technologies to improve processes, cut costs and expand the breadth and depth of products they provide to customers. But how do you decide on the best way to get access to the needed technology?
Factory equipment is becoming increasingly Internet-enabled (part of the much referenced “Internet of Things” or “IoT”), and digital technology is helping engineers improve turnaround and uptime, while giving companies more tools to improve delivery time forecasting and saving hundreds of thousands of dollars in production waste, loss productivity and energy.
As a former manufacturing executive who made the strategic decision 10 years ago to relocate a portion of our production to China, I, like many others, have started to take notice of the trickle of high profile U.S. companies, such as Caterpillar, General Electric, and Apple, who have announced moves of some production back to the U.S from overseas.
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