3D printing is the next industrial revolution. The additive manufacturing industry (also known as 3D printing) grew 26 percent to $5.2 billion in 2015, according to a Forbes breakdown of the Wohlers Report 2016. And the market is showing no signs of slowing down.
There’s no room for complacency in the engineering world. Today’s engineers must continually expand their knowledge and explore the latest trends in technology to adapt to the rapidly changing industry environment.
Controlling labor costs can be difficult, especially when you’re pressed for time and working with a tight budget.
Labor costs can account for 50 to 70 percent of a company’s entire warehouse budget, which is why it’s no surprise that there is immense pressure to adopt new cost-controlling processes.
The global steel market is currently producing more than 2,300 million metric tons (MT), yet, global demand is only at 1,500 MT. Furthermore, an additional 352 MT capacity is planned for this year. That’s a lot of excess, and it’s affecting U.S. companies, workers and the global steel market. So what’s going on?
Every business faces the challenge of balancing costs when starting a new fabrication project, and tooling is a major cost consideration.
However, there are a number of ways you can approach tooling arrangements: partial tooling ownership, “free” tooling or amortized tooling. While there are benefits to each option, cost amortization allows you to maintain full ownership of your tooling, which means no hidden fees, just real values.
Need to be convinced? See why amortization is the best choice when it comes to tooling costs.
Headlines like “How to Keep Your Job When Robots Take Over,” and “Industrial robots will replace manufacturing jobs — and that’s a good thing,” only serve to confuse us about the future state of manufacturing. Are robots in manufacturing something to be excited or worried about?
Rapid, effective innovation is crucial for any engineer’s future, but it can be difficult when there is little time to keep up with daily industry news and advancements. Any time saving technique helps.
Luckily, social media offers an efficient way to keep up with industry best practices, breaking news, design competition announcements and more. LinkedIn and Twitter are teeming with resources for engineers, and if you follow the right accounts and groups, your feeds will always be full of information you can digest on the go.
Read on to discover the most fruitful engineering Twitter accounts to follow and LinkedIn groups to join so you never fall behind.
When it comes time to reducing production costs or increasing profit margins in metal product manufacturing, the responsibility may fall to the manufacturer’s engineering team to determine how best to cut product costs without sacrificing quality and structural integrity.
“Let’s schedule a brainstorm meeting to come up with some new ideas.”
How many times have you heard this phrase? We’ve all been subject to brainstorm meetings, and often the result is a lackluster, unfocused plan. Why does this happen?
With fewer internal resources and smaller engineering staffs, many manufacturing companies are now seeking outsourced partners to help them enhance engineering activities so they can concentrate their internal bandwidth on core competencies.