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With each new contract and change order to increase part volume and improve delivery, Johnson Matthey Medical Components expanded capacity and capabilities in the same way—by purchasing more equipment. The San Diego, CA-based company would invest in another EDM to meet growing demand for orthopedic, endoscopic, cardiology and neurological medical devices, which is at an all-time high. The tactic was effective, but costly.

Manufacturers continue to be bombarded with an onslaught of technology terms, as well as different ideas on where to begin and how to proceed. This confusion has slowed the adoption of new technology. Yet a big opportunity for a huge increase in efficiency awaits.

It’s a familiar scenario at the factory. Quality issues have reared their ugly heads, requiring rework, causing backorders, delaying shipments, and driving tense daily customer calls. Meanwhile, the team works to address production issues using a mix of day-old post-mortem reports, shop-floor observations captured on notepads, and other operational data summarized on spreadsheets and sticky notes.

In today’s booming software landscape, you see highly dynamic teams quickly iterating to develop and improve their products. Yet while the world’s software creators have learned to “move fast and break things,” hardware developers are still (slowly) moving to adopt a more agile product development methodology.

General Carbide Corp. (Greensburg, PA) has purchased automotive tooling supplier Only Tool (Ypsilanti, MI). Only Tool has developed its expertise in cold-form tool manufacturing under the leadership of co-owners Ray Fender and Mick Ruffolo, who, under terms of the agreement, will continue to operate the business.

Smart Manufacturing Experience 2018, produced by SME and AMT—The Association for Manufacturing Technology, was held April 30 to May 2 at the Boston Convention Center. More than 2000 industry professionals attend the trade show and conference, which focused on the latest advanced manufacturing technologies.

Most of the nearly 400 C-suite manufacturing executives recently surveyed by SME.org and the software firm Plataine on plans for factory digitization expect at least single-digit business growth over the next three years, Plataine’s Ofer Abramsohn said here today, presenting the survey results for the first time at the Smart Manufacturing Experience.

Shrink-fit toolholding is a simple concept—an induction coil is adjusted and fits over the top of the toolholder. The induction coil heats the toolholder end of the shrinker, expanding the inside diameter, which opens the engagement bore (IDs of shrink-fit toolholders are smaller than the shank diameter of the cutting tool).

Manufacturers are always looking for signs of what the economy and the business outlook have in store for them. Since the election of President Trump and, more recently, passage of the tax reform law in December, confidence among businesses of all sizes has been overwhelmingly positive.

An interview with HOD LIPSON, co-author with Melba Kurman of the book Driverless: Intelligent Cars and the Road Ahead.