Remove Apparel Remove Electronics Remove Lead Time Remove Sourcing
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AI in Manufacturing: Transforming Efficiency, Sustainability, and Tomorrow

MEM

Quality Control in Electronics In electronics manufacturing, where minuscule components play a critical role, AI-driven computer vision systems are the new quality control champions. From sourcing raw materials to delivering finished vehicles, AI-driven algorithms work tirelessly.

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Manufacturing PMI® at 47.4%; January 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

“New order rates remain depressed due to buyer and supplier disagreements regarding price levels and delivery lead times; these should be resolved by the second quarter. WHAT RESPONDENTS ARE SAYING “Business is still strong, but we have begun to see softening in some pricing, and lead times seem to be improving.”

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Manufacturing PMI® at 49%; September 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

Manufacturing supplier lead times continue to decrease, but at a slow pace. ” [Computer & Electronic Products] “We need to coordinate very closely with suppliers in order to yield a more cost-competitive offer. The Prices Index remained in ‘decreasing’ territory, 4.6

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Manufacturing PMI® at 46.9%; May 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

Manufacturing lead times clearly improved in the month. Supply chains are prepared and eager for growth, as panelists’ comments and the data support reduced lead times for their companies’ more important purchases. Personal care and home care are drivers.”

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Manufacturing PMI® at 46.7%; November 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

Manufacturing supplier lead times continue to decrease, a positive for future economic activity. ” [Computer & Electronic Products] “Starting to feel softening in the economy, with labor still a challenge to backfill critical roles. The 2024 forecast looks challenging, specially from a cost perspective.”

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Manufacturing PMI® at 52.8%; July 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

New Orders and Employment Contracting; Production and Backlogs Growing; Supplier Deliveries Slowing at a Slower Rate; Raw Materials Inventories Growing; Customers’ Inventories Too Low; Prices Increasing at a Slower Rate; Exports and Imports Growing; Record-Long Lead Times for Production Materials and MRO Supplies.

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Manufacturing PMI® at 48.4%; December 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

Average lead time remained 32 percent above previous trough for capital expenditures and 37 percent for purchased materials; both are too high. Electronic components still a major supply chain issue, particularly if the component you need is not the current hot technology.” ” [Computer & Electronic Products].