The Impact of AI on Reducing Manufacturing Operational Costs
By optimizing manufacturing efficiency and reducing waste, Industry 4.0 has accelerated ROI and profitability. In 2021, the global smart manufacturing market was valued at USD 88.7 billion; by 2027 is projected to reach USD 228.2 billion with a CAGR of 18.5% from 2022 to 2027….
DEVELOPING PRODUCTS IN-HOUSE VS OUTSOURCED What is the best way to improve manufacturing control?
The manufacturing process of a company is definitely its biggest competitive advantage. It totally makes sense for businesses to find a production facility that offers savings, quality, and fast turn-around times when they are looking for a contract manufacturer to manufacture their products. In…
How Root Cause Analysis tools can improve your productivity
Manufacturing businesses need to find new ways to streamline their operations in order to succeed. It used to take months to examine every process, test and retest ideas, and implement changes. Manufacturers are, however, sinking before they have a chance to become better because of…
Short on Chips ? We cannot source, but we can definitely help
COVID-19 has affected the global supply chain, resulting in a shortage of production chips all over the world. Demand for electronic products shifted up the supply chain as a result of increased demand due to the pandemic and imposed lockdowns. It is estimated that…
How AI helps preventing fire in electric vehicles due to battery malfunction
In the move to electric vehicles, automakers are dealing with reputation-damaging issues such as vehicle fires due to battery defects, recalls , sudden power loss and others. Electric vehicle Recalls Over the last 12 months, three high-profile recalls have affected about 132,500 electric vehicles at…
