Remove Benchmarking Remove Enterprise Resource Planning (ERP) Remove Lead Time
article thumbnail

Inventory management key to maintaining a competitive edge

Manufacturer's Monthly

The Grant Thornton 2024 Manufacturing Benchmarking report found that manufacturers with strong inventory turnover ratios averaged 8.5. Additionally, components may have different lead times, meaning some may take longer to procure than others. This is especially relevant to Australia’s discrete manufacturers.

article thumbnail

Maintaining a Competitive Edge: EDM, Automation and Machining Technology Roundup

Mold Making Technology

Fast Heat by Spark Industries is highlighting the ReadyCobot, a collaborative robot solution enabling tool shops and molders to overcome labor shortages, improve quality and lead time, improve flexibility and ultimately reduce costs. CAM Software Automation Recognizes, Remembers and Standardizes Complex Process Flows.