Factory overhead is any cost other than direct materials or direct labor, such as electricity, incurred while manufacturing inventory. Work-in-process inventory is what a company has started ...

Explore 5 essential digital upgrades powering smart factories—from ERP and MES to Digital Twins and AR - boosting efficiency, ...

Every factory since the start of the industrial revolution has shared one very specific trait: tooling sets the identity of the machines, and thus the factory. To create a specific part requires ...

Smart factories represent an evolution from traditional manufacturing, transforming automated processes into fully digital, interconnected, and adaptive production ecosystems. Leveraging advanced ...

Today’s manufacturing CIOs are responsible for a wide variety of issues on the shop floor, ranging from IoT security to supporting business operations and modernizing the smart factory. A key focus ...

The U.S. has a rich history of innovation in the manufacturing industry, with a notable turning point in 1913 when Henry Ford introduced automation to his first assembly line. The manufacturing ...

Among the most difficult thing for individual workers to understand is the pace of productivity changes within their own industries or occupations. We all tend to be close to our own work, and don’t ...