Factory overhead is any cost other than direct materials or direct labor, such as electricity, incurred while manufacturing inventory. Work-in-process inventory is what a company has started ...

Every factory since the start of the industrial revolution has shared one very specific trait: tooling sets the identity of the machines, and thus the factory. To create a specific part requires ...

The entire workstation occupies about 30 square meters of rented factory space. No value is added while the part is being carried, conveyed, or admired in transit. Yet time passes. Labor is consumed.

In contrast to the natural world, factories have evolved in leaps, from the advent of industrialism in the 18th century to automation in modern times. Along with the addition of steam power and ...

Smart factories represent an evolution from traditional manufacturing, transforming automated processes into fully digital, interconnected, and adaptive production ecosystems. Leveraging advanced ...

Recently, defect detection systems using artificial intelligence (AI) sensor data have been installed in smart factory manufacturing sites. However, when the manufacturing process changes due to ...

The decision was final, and the plan was to construct a new addition to help keep up with market demand. The senior leadership decided that moving the factory and building another factory was cost ...

Now that it’s “the future,” and many jobs are being automated, it seems it’s only a matter of time before the entire pizza-making process works sans humans. Here, for example, is a prototype “pizza ...

The U.S. has a rich history of innovation in the manufacturing industry, with a notable turning point in 1913 when Henry Ford introduced automation to his first assembly line. The manufacturing ...

German data process mining software firm Celonis GmbH made a key acquisition today, buying a rival in the market called Process Analytics Factory GmbH for an undisclosed fee. Celonis said the ...