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Diversification is just as important for company managers as it is for individual investors. Both parties know it helps ensure growth without being dragged down by any one declining market sector.
Nobody's perfect. Even the best trained, most experienced assemblers can make mistakes on the line, especially in high-mix production environments. Fortunately, a variety of software products are available to help prevent assembly errors.
To survive in today's new world of technology, mobility and market changes, the automotive supply chain has no choice but to perform future scenario planning for the long term.
Bearing manufacturers face a plethora of challenges every day, regardless of where they are located and the industries they serve. One such company is Philadelphia-based Kingsbury Inc., which has been around for 108 years, and is recognized as a technological leader in the development of all types of bearings for rotating machinery.
Manufacturers in agriculture, mining, petroleum and other industries rely on centrifugal slurry pumps to move thick, particle-filled liquids. These heavy-duty pumps feature a rotating impeller that uses centrifugal force to move water and solids through pipelines over short and medium distances.
Manufacturing high-quality products is always serious business, even when the products are used for fun. KTM AG, for example, builds each of its off-road motorcycles with top-notch and thoroughly tested parts so that each model is "ready to race."
Market expansion has always been a priority for Connor Solutions Ltd. So it's no surprise that in less than 20 years, the Tyne and Wear, England-based company has become one of the largest privately held electronics manufacturing services (EMS) providers in the UK.
It took 40 years, but we now know that hot dogs and apple pie aren't the only things baseball and automakers (and their suppliers) have in common. Another thing is enterprise resource planning (ERP) software, which gathers and disseminates critical management information across an entire organization.
