article thumbnail

Decoding Reshoring: Motivations, Challenges and Technological Influences

Mold Making Technology

Most companies make sourcing decisions based solely on price, often resulting in a 20 to 30% miscalculation of actual offshoring costs. Using this information, companies can better evaluate sourcing, identify alternatives and even make a case when selling against offshore competitors. (2) being sourced here. Probably not true.

article thumbnail

Case Study: Lockheed Martin’s Flight to Perfect Quality

iBASEt

This combination of the Toyota production system, Lean Manufacturing and Six-Sigma is driving continual process improvements. In addition, more than 10 percent of the workforce has been certified as Six-Sigma Black and Green Belts. The company has also received Northrop Grumman’s Platinum Source Preferred Award.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Complete process control: Essential for continued relevancy in manufacturing

Automation Mag

How technologies from different sources create excess complexity. patents, holds a green belt in Lean Six Sigma and has been recognized as Greenville South Carolina Business Journal’s Best and Brightest 35 and Under. He is the authoring inventor of thirteen U.S.

article thumbnail

Why cobots hold the key to unlocking operational efficiency in large manufacturers

Robotics Business Review

Source: Teradyne My LinkedIn inbox has been busier than usual over the last couple of weeks, since I shared an opinion piece in Forbes titled “The Reinvention of the Manufacturing Industry,” exploring how a new generation of advanced robotics is helping to democratize manufacturing, making robots affordable for companies of all sizes.