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5 min read

Lean 4.0: How Industry 4.0 Is Evolving Lean Manufacturing Concepts

By Pete Conrad on Jan 13, 2021 2:30:00 PM

In today’s world, Lean is being challenged as never before due to higher customer requirements and the digital revolution of Industry 4.0. The challenge to keep up in the landscape leads to the questions: Are Lean principles in conflict with the digitization that is Industry 4.0? Are Lean principles in conflict with serving your customer in the manner in which they have requested? The short answer is mostly no, and we’ll dig into the alignments and variances below. But, in order to keep up in today’s world, Lean does need to evolve to match today’s quick response, digital environment.

Topics: Digital Manufacturing
2 min read

Average: You are what you plan for

By Adam Rubatt on Jul 20, 2020 8:00:00 AM

When you’re in operations, you're always thinking of the future.  Whether it’s for the next shift, next week or next quarter, you’ll need to create a forecast that will help you prepare for the demand coming your way.  And for all businesses, there is a common practice of how those operations plans are created.  You look at historical demand, take the average, and build your forecasts off that.  

Topics: On-Demand Labor Next Generation Labor Digital Manufacturing On-Demand Technology Veryable Flexible Capacity US Manufacturing
2 min read

Be Robust by being Local

By Pete Conrad on Jul 13, 2020 8:30:00 AM

The US Department of Commerce's GDP analysis of manufacturing estimates the industry represents ~11% of the economy and has 1.4x multiplier effect for every dollar spent.  Those figures are already quite significant; however, this article outlines research from the MAPI showing that the US manufacturing sector’s economic contribution is actually 32% and has a multiplier effect of 3.6x for every dollar created. Suffice to say, US manufacturing creates significant economic contribution to our national economy as a whole, as well as local economies across the country.

Topics: Next Generation Labor Digital Manufacturing Veryable Global Supply Chain US Manufacturing
5 min read

Now is the Time to Take it Back

By Mike Kinder on Mar 11, 2020 3:56:17 PM

Supply Chain Resilience amidst the Coronavirus

Now is the time for US manufacturers to take back what’s been given away.  The current Coronavirus related global supply chain disruptions are exposing what we all already knew: we have drastically over-rotated on Chinese buy and left our supply chains vulnerable and unstable.  Every company I have spoken to in the last month is feeling the impact and currently scrambling to rebalance their spend – this is the time to reclaim volume and US manufacturers must rise to the occasion.  Put yourself out there and get that volume back.  Get aggressive and reassert yourself as the top supplier again.  You can do it.  A lot has changed in the last 20 years and now is the time to usher in that previously elusive US manufacturing renaissance. 

Topics: On-Demand Labor Next Generation Workforce Digital Manufacturing Marketplace for Labor Coronavirus Global Supply Chain US Manufacturing
2 min read

The True Cost of Hourly Labor

By Carter Stanley on Jan 7, 2020 11:06:46 AM

I spent the early part of my career in Corporate Finance for many recognizable names in consumer goods manufacturing, and no matter how sophisticated the financial reporting system was, figuring out what hourly labor truly cost was always quite an exercise. If answering this seemingly simple question is difficult for a large Fortune 100 company to answer, it is not surprising that many of the businesses I talk to on a weekly basis simply are not educated on the true cost of their “$10/HR” labor.

Topics: On-Demand Labor Better Workforce Labor Intelligence Next Generation Workforce Digital Manufacturing On-Demand Technology Veryable Marketplace for Labor labor cost
3 min read

Veryable: The Solution to Improving Operational Metrics

By Veryable Editorial Team on Aug 27, 2019 1:03:34 PM

In the world of modern manufacturing and distribution, operations leaders are evaluating production metrics every day – a blue-collar version of the NYSE Big Board.  And as businesses race to keep up with this modernization, they acquire technology that allows real time, 24/7 access to these same production metrics.  The result is a NYSE Big Board that never closes for the day…  these operations leaders wake up, grab their smart phones and check the numbers.  They check the numbers when they get to the office and again at lunch.  They get one last check before the commute home and then one more peek before the lights go off at night.  Production metrics are everywhere, hunting down the operational bottlenecks, shutdowns and challenges.

Topics: Next Generation Workforce Digital Manufacturing On-Demand Technology Veryable
2 min read

Automation Partnership

By Pete Conrad on Mar 28, 2019 8:59:00 PM

Even though automation has come a long way, its deployment on the shop floor must be executed within the framework of the entire production process. As The Goal (1) highlighted in 1984, automation is not always the right answer since the installation of those infamous robots resulted in: 1) no increase to sales throughput, 2) no reduction in the workforce, and 3) a steady increase in inventories. This certainly highlights a worst case automation installation.

Topics: Digital Manufacturing
4 min read

Veryable and The Internet of Things

By Mike Kinder on May 23, 2018 10:51:00 PM

The Internet of Things is coming to a theatre near you.  Some of the early developments will be subtle, e.g., new apps popping up for your phone, new technologies arriving in your grocery store, new services springing up in your neighborhood, etc.  However, expect to turn back 10-15 years from now and find the 2017 landscape as unrecognizable as you might view 2002, before smart phones and social media became such permanent and essential fixtures in your life.  What you will be observing are the gradual effects of what Steve Case refers to as the “Third Wave of the Internet.”

Topics: Digital Manufacturing
4 min read

Introduction to LEAN 4.0

By Mike Kinder on Dec 27, 2017 7:23:00 PM

Lean manufacturing is ready for its next iteration.  While Lean theory draws upon practices that have been around for centuries, the commonly practiced version of Lean today is somewhere between 60 and 80 years old dating back to the early days of TPS. 

Topics: Digital Manufacturing
4 min read

Digital Manufacturing and Labor

By Mike Kinder on Dec 15, 2017 5:41:00 PM

The large-scale redistribution of operational intelligence is an underrated consequence of digital manufacturing and other IoT based operational capabilities.  We previously explored how to think about Digital Manufacturing as a specific category of use cases and this installment will pick up specifically on the labor implications of such use cases.

Topics: Digital Manufacturing