Robotics & Automation News

Market trends and business perspectives

automating

5 Ways Automating the Manufacturing Process can Save you Money

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When technological advancements began, the global population worried that it would eliminate the need for employees. That being true, it also brought along easy ways of production and reduction of operational costs.

Manufacturing is an industry that is growing fast and becoming more competitive. Manufacturers keep an eye out for methods that accelerate production, lower costs, and maintain quality.

Automating the manufacturing process can save you business funds in the following ways. [Read more…] about 5 Ways Automating the Manufacturing Process can Save you Money

Automating Performance Metrics: Start with Demand and Inventory Forecasting

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By Mike Mills, Director, Business Consulting, Blue Ridge

2021 is the year when companies need earlier insights into new market opportunities, including what items consumers want, on what channel, how much they should stock, and how much they will pay for these products.

The ability to compete in new areas with this level of agility will be the key to unraveling chaos. As e-commerce continues to threaten the market with competitive products that are available nearly instantly, shifting consumer trends can make stocking shelves even more challenging.

Two-thirds of distributors, retailers, and manufacturers report that transportation, labor, and goods were rising more quickly than in previous years. Automation has become a full imperative; Covid has magnified the need. [Read more…] about Automating Performance Metrics: Start with Demand and Inventory Forecasting

Automating the Costly RFQ Process

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By Scott Heide, Founder and CEO, Engineering Intent

ETO automation success starts with clear communication of a customer’s requirements. Proposed solutions must meet those requirements. Automating engineering and design steps means simplified management of modifications and nuances to documents.

The automation must similarly extend to the customer. Disputes and disagreements arise when prospects fail to understand fully what is being proposed.

After a configuration is fully (and automatically) configured based on customer inputs, a realistically rendered 3D model, ready for inclusion in detailed proposal documents, eliminates costly mistakes attributable to poor communication. [Read more…] about Automating the Costly RFQ Process

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

Capturing Improved Productivity: Tugger Train Automation

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By Andy Legut, FlexQube

Too often automation and robotics are characterized by sensors driving Industry 4.0 and the Industrial Internet of Things (IIoT).

There are ways to efficiently automate material flow and lean manufacturing principles today. It starts with automating into a fork truck free environment.

Ultimately the reason for automation is to capture improved productivity. Cesar Jimenez, a Toyota Material Handling, USA employee shared that a forklift can only carry up to two loads at a time.

[Read more…] about Capturing Improved Productivity: Tugger Train Automation

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