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Caterpillar Inc., the maker of heavy construction and mining equipment, today reported a sharply lower third-quarter profit as demand for the company’s products dropped.

Peter Drucker, known as the father of modern management, was quoted in a 2006 article in Forbes as saying, “Because the purpose of business is to create a customer, the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.”

Simulation tools are making it much easier for manufacturers to optimize their processes, visualizing the entire path of production from NC metalcutting simulations through 3D design and factory-floor imaging.

Buffalo, NY – Niagara Gear, a division of Gear Motions, Inc., recently completed the installation of its first machining cell. The in-house machining capabilities were added to reduce lead-time and provide more flexibility and control to meet customer delivery requirements.

Additive manufacturing is both growing and coping with growing pains. Companies “have to find ways to streamline” polishing and other finishing processes of 3D printed parts, industry consultant Terry Wohlers said today during a speech at RAPID + TCT.

Secure, accurate workholding sets the stage for consistent machining productivity. Depending on the parts and processes involved, workholding can be as simple and temporary as a plain vise or clamp or as complex and permanent as a machined and fabricated fixture that is custom-designed to hold a unique part.

When first introduced in the late 1970s, cutting tool coatings—especially titanium nitride (TiN)—were embraced by tool manufacturers for their ability to extend tool life. As workforce materials have expanded from conventional ferrous and nonferrous metals to exotic alloys, composites, ceramics, and others, coatings have likewise progressed and, thanks to new formulations and deposition methods, are extending cutting tool capabilities as well as tool life.

Siemens PLM has a strategy to reinvent manufacturing by threading digital information from concept, through design to monitoring performance in the field. It is easy to get confused as to what all this means, but some concrete examples and definitions help explain it all.

Manufacturing Engineering asked thought leaders at five companies for their views on challenges and trends facing the metalworking industry.

On May 9 -11 2017, at the RAPID + tct Show Methods Machine Tools Inc., a leading supplier of precision machine tools, 3D printing technology and automation, will be showcasing a revolutionary cell solution designed to make quantum leap production increases in 3D manufacturing throughput.