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Combined with AI, IoT, Blockchain Can Meet Many Supply Chain Challenges

Blockchain technology is becoming a key player in modernizing supply chains to enable easy tracking, automate transactions and delivery, and build end-to-end trust, Chandra Narayanaswami, principal research staff member, Member IBM Academy of Technology at IBM Research, told people attending a smart manufacturing session at the MD&M West conference here last week.

Automating Job Shops? You Bet!

If “automation” is the constant drone you hear from practically everyone in metalworking these days, job shop owners might be the only people yelling “No!” Or at least “Wait!” How, they ask, can you cost-effectively automate low-volume, high-mix parts? Yet it’s not only doable but probably necessary.

Energy Industry’s Up-and-Down Cycle Continues

The energy industry is often at the forefront of our minds as we watch fuel prices climb and then celebrate when they come down. We continually find ways to be as energy efficient as possible in our homes and workplaces. Media outlets keep us constantly informed of this often-volatile industry’s ups and downs.

Price Downturn Leads Shale Producers to Greater Efficiency

After petroleum prices collapsed in the mid-2010s, shale oil and gas producers responded to the down-swing by borrowing techniques and technology from the energy sector’s offshore well operations, manufacturing, and even the medical industry to increase efficiency.

Testing the Metal

Materials science has opened new possibilities for designers of cars, planes and other products. Metal alloys are now as precisely engineered as they are machined. The result is longer lasting, stronger parts. But with a wider selection of materials comes risk—how can you be sure that one piece of gray metal stock is different than another? Careful warehousing procedures and paperwork only go so far.

Digital Tool Management: Multiple Concepts Begin to Converge

The focus on digitalization in design and machining has highlighted the importance and advantages of more sophisticated digital tool management (DTM) systems. While this has generated a great degree of differentiation, and some confusion regarding a generally accepted system definition, it has resulted in the evolution of objectives and capabilities that are both more comprehensive and more customer-centric.