Brexit is a word that is used as a way of saying Britain leaving the European Union – merging the words Britain and exit to get Brexit, in the same way as a possible Greek exit from the euro was dubbed Grexit in the past. The European…
Manufacturing project management assists organizations to create better production plans, control production processes, manage risks and measure and quantify success. The term project management creates assumptions due to its vagueness. There are countless intricacies and details to work through before a consumer can receive a…
Safety systems and structural designs must be re-imagined for self-driving vehicles that will differ from human-driven cars and trucks. Experts believe vehicles that drive themselves, sense their environment and communicate with infrastructure and other cars and trucks will dramatically reduce accidents and an estimated 40,000…
Servitization is the trend of selling solutions rather than products. It has been growing in popularity in recent years across sectors such as healthcare, automotive and food processing. By providing solutions, the interests of providers and consumers can become closely aligned, increasing competitive advantage. Manufacturers must…
Nearly every industry, purchases electronic components. These parts need to be of the highest quality, especially for applications where safety and reliability are essential, which is why the growing number of counterfeit parts is becoming an enormous concern. New industry standards may be the answer…
The role of automotive suppliers is structured into tiers. The tiered structure has given clarity and understanding to both industry outsiders and observers as to which company is responsible for which component or technology. The automotive value chain has changed. Technology is advancing at such…
Materials science may be one of the more important technologies of the next decade. Manufacturers need new materials to create more advanced products. Manufacturers also need to replace materials subject to supply disruptions, like rare earth elements. Traditionally, developing new materials has been a slow,…
The “Amazon Effect” is a term many have heard, but what does it mean? While it can mean different things to different people, in general, it refers to the phenomenon of how consumers’ interactions with Amazon are driving new expectations for how buyers and suppliers…
Today’s opportunities require cooperation across the ecosystem at large. As indicated by Forbes Insights research, transportation-focused executives will not only be looking to hire outside providers for a wider array of services, but they will also be seeking closer collaboration with suppliers, customers and even competitors….
The effects of team building activities for work go beyond keeping team members energized. The development of workplace teams is essential to maximize the on the job experience. Knowing that an employer values your presence enough to invest in your future with the company can…
