Turnkey manufacturing is afull-service manufacturing processin which one company sees through all aspects of a client's project — from design to tooling to quality control to packing and shipping, leaving the customer with a finished, ready-to-use product.
There arenumerous benefits to turnkey manufacturing, from cost savings to streamlined communication.Below, we'll explore some of these advantages.
There are many risks involved in selecting an OEM suppliers.Understanding them is essential to running a successful business.In our white paper "Hidden Risks in Your Offshore Supply Chain", we'll examine three strategic areas to include in your supplier selection process: Cost, Scheduling, and Compliance.
Cost is not just the final price you pay for a part.Cost also includes shipping, time to market delays, quality control checks as well as labor.Cheap foreign labor is becoming more expensive. Offshore suppliers face a more demanding workforce.And, today's consumers are demanding that suppliers provide improved working conditions and pay.All of this is driving up the unit cost of goods sold.
In the past, many businesses operated on the assumption that their vendors were in compliance with the latest rules and regulations regarding their industry.Technology and materials were limited, so buyers worked with manufacturers who could produce the best product often without clearly defined quality guidelines or parameters.
Speed and efficiency in plastic injection molding equate to cost savings.So, it is no surprise that robots play an important role in improving the manufacturing process.From simple sprue pickers to complex automated End-of-Arm Tooling (EOAT), the industry is taking advantage of this automation trend.
Dr.Martin Luther King's contributions to the advancement of civil rights in this country defines the word "leadership".He wasa visionary leader who was deeply committed to achieving social justice through nonviolent means.
In celebration of Dr.King's birthday this past Monday, we thought we'd highlight past leaders in the manufacturing world who made very different but equally important contributions to today's advanced technologies.Each of them had their own unique leadership styles withone important trait in common!they were all visionaries.They each saw the potential of creating a better, more efficient system or machine to complete a task.While the official "Industrial Revolution" may be over, our society still benefits from the work of these current day visionaries.
For years, products made in the United States have been considered to be more expensive than products made overseas.Manufacturing was cheaper outside of the US, and it was easier to find the low-paid labor needed to keep factories running.In 2004, each manufacturing dollar in the United States cost only 86.5 cents to produce in China, leaving a much wider margin for profit for goods made overseas.According to The Boston Consulting Group, by 2014, that number had changed substantially: each manufacturing dollar in the United States costs95.6 cents to manufacture in China.The trend suggests that the gap between those numbers can only close further.As a result, a growing number ofAmerican companiesare reversing the trend and bringing manufacturing back to the United States.
The mere mention of robots taking over manufacturing sends apocalyptic terror throughout the factory.Tales of an army of zombie robots replacing workers may sell news stories, but it is far from the truth.There are many key differences between robots and zombies.
In celebration of Father's Day on Sunday, we thought we'd focus on the men that helped make this country what it is today.What better way to celebrate this day than to recognize some of the founding fathers of manufacturing and their contributions to modern day technologies?There were many to highlight, and many that contributed to today's manufacturing growth and development.It wasn't easy to narrow down the list, but we picked some of our favorites.
We hope you enjoy reading about their contributions and wish all of the dads out therea very Happy Father's Day on Sunday!
Regulatory compliance has become a focus in recent years. Products from other countries, particularly China, face additional scrutiny. From car seats to dog treats, there have been numerous safety problems.
