Industry Trends: Business & Industry

Business & Industry

Industry Crib Sheet: Healthy Job Growth Again in May

April Factory Orders Grow at Slower Pace Record Imports Split Open U.S. Trade Gap U.S. employers added 217,000 jobs in May, beating economist forecasts and fueling the best four-month stretch of job gains since the turn of the millennium. In another milestone, U.S. employment, at 138.5 million, has gotten over a level last seen before the recession, in January 2008. About 8.7 million jobs were...

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Business & Industry

The Light Side: Speaking Two Languages Is Golden

World Cup Warm-Up: What You Need to Know Supply Chain Professional Totally Owns Jeopardy! Acoustic Tractor Beam Draws Sci-Fi Nearer to Sci-Fact Time to grab Rosetta Stone if you only know one language but wish to better keep your mental faculties in your golden years. New research shows that people who are bilingual have better cognitive abilities in old age and slower onset of dementia, even if...

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Business & Industry

Engaging Millennials in Manufacturing Takes Early T.E.A.M. Effort

At the annual Technology Educators and Manufacturers Summit hosted by the Fabricators & Manufacturers Association, both manufacturers and school administrators said they need to work closer together on curriculum development and apprenticeships in preparing students for jobs. But engagement of students at the high-school level is not even enough anymore. A majority of the U.S. workforce is about...

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Business & Industry

Supplier Management Is Inflecting from Cost to Strategic Innovation

Amid a redefining period for supply chain managers, they are being tasked with providing additional value along with continued organizational cost reduction. One way to accomplish this is more engagement of strategic suppliers and collaborative work with those suppliers to achieve product and service innovation. "You can't save your way to success." That could sum up, in a nutshell, the...

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Business & Industry

Industrial Energy Management Drills Down to the Core

Industrial energy management systems (IEMS) are helping to improve manufacturing operations, as decision-makers realize that energy efficiency can reduce costs and improve corporate sustainability performance at the same time. However, one of the greatest challenges in deploying IEMS is getting sufficient visibility to measure energy consumption at the level of the individual product or...

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Business & Industry

De-costing Is Part of New Dynamics for Improved Productivity

De-costing is a relatively new term in supply management and purchasing. Its activities require multidisciplinary teams and venerable, strategic supply partners, including machinery and machinery parts makers, willing to cooperate with them on activities designed to lower equipment consumption and thus improve productivity. Transparency is increasingly important in the...

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Business & Industry

Industry Crib Sheet: ISM Manufacturing Index Slows Down in May

President Announces Support for 12 Manufacturing Regions Indonesia's Industrial Growth Powers Machine Tool Demand Poor Housing Starts Stump Construction Spending The manufacturing sector slowed down in May but still grew for the 12th straight month, according to the Institute for Supply Management's (ISM) purchasing managers index of 53.2 released this morning. The May index was a 1.7-point drop...

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Business & Industry

The Light Side: Comfort Food Is Merely a Placebo, Study Quips

Micro-size Life-forms May Have Swam in Mars Lakes Breaking News Is Delivered On Your Bathroom Hand Towel Robots Are Taught to Do Chores at UC Berkeley Before you plow into a bag of potato chips thinking it will make your mood better, you'd likely still feel better without the binge-eating. What's more, you'd probably be in a worse mood if you ate those chips. Recent, separate studies have...

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Business & Industry

Can New Dassault Platform Reinvent Product Life-cycle Management?

Dassault Systemes' 3DEXPERIENCE is a multibillion-dollar, paradigm-shifting product life-cycle management platform. But a product like this is not an easy one to get through to engineering organizations grounded in traditional ways of product development. This leads to wonder what market penetration can be expected. Is Dassault Systemes' 3DEXPERIENCE platform "the next step beyond PLM"? CEO...

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Business & Industry

Minding Your Business: What to Expect from a Metal Stamping Provider

"Value added" is an oft-used term, but for today's suppliers of stamped parts, the actual stamping work is just one part of the supplier sourcing criteria. Offering core capabilities such as design and engineering, a stamping provider should be a manufacturing partner. The number-one expectation of a metal stamping supplier is that they add value to a project. With continued global pressure on...

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