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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.”

Manufacturing economic expansion eased in September while remaining at strong levels overall, the Institute for Supply Management said today.

Manufacturing operations face a multitude of cyber threats. The latest dangers from hackers include not only the theft of intellectual property but also malicious attacks that can cripple critical infrastructure, such as energy plants, utilities, and large-scale factories.

To be more efficient and to have single sources of the truth in their data, customers are seeking to leverage modern, standard application programmer interfaces (APIs) to integrate into their software.

In the cornfields of southern Indiana, Thermwood Corp. is making unique large-scale additive manufacturing (LSAM) equipment. LSAM machines produce large- to very-large-sized components from reinforced thermoplastic composite materials, creating industrial tooling, masters, patterns, molds and production fixtures used in the aerospace, automotive, foundry, and marine industries.

During times like these, editors turn to “tried and true” sayings to frame their opinion columns. One of these sayings is, “May you live in interesting times,” supposedly a translation of a traditional Chinese curse. The saying is used ironically, in that “interesting times” are times of trouble and difficulty.

The fierce competition for skilled workers is spurring a host of new and creative initiatives.

AEI hopes the manufacturing plant will serve as an aerospace center of excellence and anchor for industry innovation.

Schott will add a production facility to its plant in Malaysia as it expands its partnership with Lumus.

A manufacturing execution system is often the first step for Industry 4.0 implementation, but most are optimized to serve OEMs. Pico MES Inc. is looking out for the little guy.