article thumbnail

Inventory management key to maintaining a competitive edge

Manufacturer's Monthly

Discrete manufacturers often deal with products that have intricate bills of materials (BOMs). Additionally, components may have different lead times, meaning some may take longer to procure than others. Additionally, components may have different lead times, meaning some may take longer to procure than others.

article thumbnail

The Benefits of Early Engineering Involvement in an Automotive Build

MEM

Through specialist engineering advice, costly non-standard parts can be eliminated from the design process, ensuring cost savings and reduced lead-times compared to those associated with the production of custom parts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Benefits of Early Engineering Involvement in an Automotive Build

MEM

Through specialist engineering advice, costly non-standard parts can be eliminated from the design process, ensuring cost savings and reduced lead-times compared to those associated with the production of custom parts.

article thumbnail

The electric steel dilemma and its impact on motor vendors

Control Engineering

As this trend progresses, it will impact vendors’ ability to secure the electric steel necessary for production, resulting in longer lead times 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.

article thumbnail

Create the Shop Floor You Always Wanted with ERP

Fabricating & Metal Work

Planners can easily view and schedule employees, workcenters, materials and other various elements, including outside processes, to accurately estimate lead times. Imagine using a CAD/CAM integration to automatically update bills of materials and job orders from CAD files rather than transferring the data manually.

article thumbnail

Optimas CEO’s on Transformation and Growth

Fastener News Desk

MT: That’s interesting, Cris, because a number of our customers actually rely on us that we know more about their businesses in the bill of material for their smaller value components than they actually do. They really don’t want to care about the smaller part of the bill of materials.

article thumbnail

Five advances in motion control, communications, design to ease automation use

Control Engineering

Machine builders welcome this move as servo drives across the industry remain in short supply and have long lead times, Festo said. Once the actuator and accessories are selected, ordering is seamless as the tool links directly to the Festo online shop, which provides price, shipping information and bill of materials.