Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $628 billion equipment finance sector. Overall, confidence in the equipment finance market is 50.2, down from the July index of 51.5, reflecting ongoing industry concerns over economic, regulatory and political uncertainty.
Vornado Air, a leading manufacturer of air flow technology products, is a company that sought to grow its business in recent years. As part of that company-wide effort, the Vornado Air found it could improve efficiency, save time, and cut costs by revamping its entire shipping process. That revamp was aided by the company’s investment and deployment of Pacejet’s multi-carrier shipping and logistics technology.
Businesses that seek to improve manufacturing and operational excellence by optimizing their investments in scientific innovation must find ways to manage it more efficiently and consistently. True productivity and quality gains will only be realized when data and processes can move bi-directionally across both upstream and downstream activities.
Grainger conducted extensive research that found 40 percent of inventory on shelves is only turned one to five times per year. In addition, 50 percent or more of an organization’s inventory is “inactive” and is not used in a year’s time – yet the organization must still stock and manage these items. The bottom line is that there is a big opportunity in nearly all facilities to better manage inventory.
Industrial vibration analysis is a measurement tool used to identify, predict, and prevent failure in rotating machinery. In the world of industrial maintenance technology, many predictive maintenance methods are available, each best suited to a specific application. Yet many industry professionals stand by the information gained via vibration analysis as the best indication of machinery health.
Grainger provides a “Test-Your-Readiness” questionnaire, which features seven simple questions that aim to help businesses understand where they may stand on meeting the requirements of the lighting legislation. Answering “no” to any of these questions presents an opportunity for a facility to better understand the upcoming legislation.
Let’s examine the state of the electronics and high-tech companies surveyed in greater detail.
Remote infrastructure management can not only aid in maintaining business continuity, but also in helping to more effectively manage resources and expenses.
RJ Rockers, known for producing hand-crafted, high-quality brews since 1997, is moving up in the microbrewery world.
Assessing the overall effectiveness and future potential of an existing ERP system is a task easier said than done.
Using supplier score cards and comparison tools can inject more reason into a purchasing decision, ultimately leading to greater profitability.
While the overall economy experienced its 38th straight month of growth, economic activity in the manufacturing sector contracted in July for the second consecutive month, according to the latest Manufacturing ISM Report on Business.
A key challenge Elobau Sensor Technology faced in developing and maintaining strong customer relationships was the company had no formal method to track customer follow-up. They addressed this issue by investing in CRM software.
Given the considerable number of high-profile and damaging security incidents that have taken place over recent years, it is amazing that industry leaders admit that they don’t have the proper systems in place to help ensure that their IT systems are secure from the increasing threat of hackers and data breaches.
Research & Development (R&D) is critical to the creation of effective and innovative technologies in all industries. And it starts with the pieces.
ScienceLogic, a company that specializes in streamlining and monitoring IT systems, helped Ellison Technologies revolutionize their IT systems, cut costs, and lift stress from their IT departments shoulders.
Tapping into the collective knowledge of the organizations and customers opens new worlds of possibilities at a time when new levels of innovation are required to not only remain competitive but to gain market leadership.
Organizations have tried to implement a sales and operational planning (S&OP) process within their environment, but only a few organizations can claim to be satisfied with their results. How can companies evaluate the right S&OP-enabling technology?
Enterprise historians not only offer built-in data collection capabilities, faster speeds and higher data compression compared to RDBs, they can deliver architectural advantages that play a vital role in enabling accurate real-time information for better and faster decisions and a sustainable competitive advantage.
To allow industrial businesses to leverage raw data from devices such as sensors, intelligent electronic devices (IEDs), meters, and other real-time systems, enterprise historians enable key advantages over RDBs.