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Image: /stock.adobe.com For Australia’s discretemanufacturers, inventory management is pivotal in ensuring the smooth operation of production processes, maintaining product quality, and achieving sustainable growth. Efficient inventory management helps manufacturers save resources, cut costs, and avoid disruptions.
As this trend progresses, it will impact vendors’ ability to secure the electric steel necessary for production, resulting in longer leadtimes and higher prices for customers. The process which takes place after crude steel is formed dictates the kinds of things the material can be used for. Final thoughts.
Regarding supply chain, Festo’s reduction to eight CMMT part numbers strengthened the company’s ability to support servo drives customers – fewer parts to inventory and fewer drives to manufacture and support. Machine builders welcome this move as servo drives across the industry remain in short supply and have long leadtimes, Festo said.
Mixed mode manufacturing refers to any production environment that uses more than one manufacturing mode and does so under the same roof or within the same system. For example, carrying out discretemanufacturing in one facility and process manufacturing in another is not mixed mode.
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