When is Surplus the Right Choice for Manufacturers?

When is surplus the right choice for manufacturers?

Answering this question begins by looking at the current state of the global supply chain and how it has changed since the COVID-19 pandemic. Current times have been a constant challenge to the supply chain. Before the COVID-19 pandemic, things worked very differently from the state of today’s supply chain. There are product restrictions, material shortages, and obsolescence for aging equipment that require servicing and maintenance. As a result, doing business as a manufacturer can be a challenge for even the most agile of operations. How can these challenges be overcome to keep a manufacturing operation running smoothly and efficiently? The answer is often surplus equipment and parts.

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Original Equipment Effectiveness Plays A Role in Productive Manufacturing

Original equipment effectiveness (OEE) can be used as a gauge to determine how effective and productive a manufacturing plant is.

 

The definition of Overall equipment effectiveness (OEE) is the percentage of manufacturing time that is productive. It is composed of three parts:

Availability – The percentage of time the process is running during planned production time

Performance – The percentage of production the process machinery is achieving when compared to a defined maximum capability

Quality – The percentage of good parts being produced. Parts being reworked are counted as defects.

OEE considers losses from all these factors, producing a percentage that represents the good parts being produced at the required rate with no downtime. A perfect OEE score is 100%.

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Tackle Obsolescence with Additive Manufacturing

Obsolescence is an unavoidable part of any manufacturing environment. However, it’s concerning that so many companies admit they do not know when vital equipment requires replacing, or when they do, they scramble to find replacements. The latest developments in additive manufacturing could provide an answer to the obsolescence problems.
Additive manufacturing is a transformative approach to industrial production that enables the creation of components using a variety of 3D-printing techniques.

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Why Manufacturers Should Adopt a B2B2C Business Model

There are many types of business models commonly utilized. Two business models that get a lot of focus are B2B and B2C models. B2B, which stands for business to business, is a model in which businesses sell products or services to other businesses. The second model is B2C, in which businesses sell products or services directly to consumers. These two business models seem clear in terms of the differences between them. Yet there is a third business model that is growing in popularity for manufacturers that allows typically B2B operations to have direct access to consumers. This business model is called B2B2C.

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How Manufacturers Can Streamline Production Scheduling

There’s no one-size-fits-all method to production scheduling. All of your products, processes, and plans are launched with a uniform goal in mind—profitability.

However the most valuable resource your business has isn’t a product or process—although it does start with a “p”.

It’s people—the people who are on the shop floor and the people who ensure timely deliveries and functioning supply chains. Namely, the people who have intimate knowledge of every aspect of the production process.

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Eight Lessons for Robotics Startups

Research is all about being the first, but commercialization is all about repeatability, not just many times but every single time. This was one of the key takeaways from the Transitioning Research From Academia to Industry panel during the National Robotics Initiative Foundational Research in Robotics PI Meeting in March 2021.

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Key Stages of a Healthy Supply Chain

A supply chain is a series of links between companies and suppliers for the purpose of producing and distributing a product to a final buyer. This network of links includes various entities such as manufacturers, producers, warehouses, logistics services, distribution centers and retailers. When it comes to supply chain management, a healthy supply chain helps get a product successfully and profitably from the planning phases to the end user in a reasonable amount of time. Healthy supply chains help reduce costs for companies as well as help them stay competitive in the marketplace.

These five stages of a supply chain outline the basics of what it takes to transform raw materials into finished products successfully and profitably.

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Working Corrective Maintenance into an Equipment Maintenance Strategy

There are many different strategies for equipment maintenance that teams can use to help raise and keep the operational availability (OA) up on the production lines. And every one of those strategies comes at a cost. It’s a balancing act between keeping the right number of technical resources on staff, keeping the lines up and running, and of course, keeping profits up.

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A Manufacturing Guide to Reducing Production Waste

This guide by Metrology Parts discusses the importance of reducing production waste in the manufacturing industry. With 40% of industrial waste going straight into landfills, which have proven to have a negative impact on the environment, companies are looking to take responsibility and ensure that they are minimizing waste and doing their part to reduce toxic emissions that threaten the future of our great world. This article discusses affordable ways to reduce the disposal of waste with minimal effects on production, as well as the tools to do so.

With the increase of the human population and a proportional demand for products, manufacturing will continue to grow. Companies that thrive are those that are efficient in operations management by utilizing resources economically. By reducing production waste, good operations management improves operations' efficiency and effectiveness and maximizes its competitiveness. Waste minimization involves minimizing the amounts of inputs, work in progress, and outputs wasted in a business's production process. Working to minimize waste products has a direct impact not only on the company but also has a domino effect on numerous aspects.

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Wireless Technology Benefits for Manufacturing

The next generation of industrial advancement, which is referred to as Industry 4.0, aims to inter-connect and computerize the traditional industries such as automation. The objective in Industry 4.0 is to make factories smart in terms of improved adaptability and resource efficiency, as well as the improved integration of supply and demand processes between the factories.

Wireless solutions have a significant role to play in the transformation to Industry 4.0, because they assist in moving data from point to point. But installing wireless technology alone will not give you a smart factory. There are other factors that need to come into play.

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