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If you look at all the companies that were on the Fortune 500 list in 1990, “a very large percentage of them are not there anymore,” David Brousell, executive director of the Manufacturing Leadership Council, told people attending his talk on “Manufacturing 4.0” at Oracle’s recent Modern Business Experience conference.

On-time delivery (OTD), a measurement of the level of finish goods or services delivered when promised and in full, is a signal of efficiency that reveals how well operations is doing.

Glenn Bridgman describes the difference between his shop’s manual grinders and its newest state-of-the-art CNC ID/OD grinder, a Studer CT960 OD/ID from United Grinding (Miamisburg, OH), as “feel vs. facts.” Bridgman, president of Bridge Tool & Die (Buckley, MI), believes that manual grinding is a somewhat personal operation.

In the manufacturing industry, the importance of metrology, or the science of measurement, is often underestimated. However, inspection is critical for ensuring products work and operate safely.

Universal Robots (UR, Odense, Denmark) was one of the pioneers of today’s modern field of collaborative robots (cobots) with the launch of the UR5 robot in 2008, however the company didn’t rest on its laurels at IMTS 2018 in Chicago.

Throughout 2018, SME has published a series of Smart Manufacturing Industry Reports, with the third being released at IMTS this month. The reports, available at sme.org/reports, detail the necessity and advantages of smart manufacturing, the challenges to implementing digital solutions, and, finally, keys to implementing the technologies and tools.

What is smart manufacturing? Essentially, smart manufacturing is the practice of making information about manufacturing processes available when and where it is needed, in the form it is needed, so that smart decisions can be made about the course of critical business operations.

The International Federation of Robotics (IFR) in 2016 showed unit sales figures in 2015 up 15% on the year before, reaching an all-time high of 253,748. Since 2010, technical improvements in robots and automation have turbocharged investment, according to the report.

The US Department of Defense (DoD) is keen on exploring the implementation of additive equipment in the battlefield and shipboard for quick-turn part fabrication.

Automotive manufacturers and their Tier One suppliers spend endless engineering hours developing the PAB (passenger airbag) system, from the airbag and its propellant to the construction of the materials used in the composite instrument panel.