AMT - The Association For Manufacturing Technology’s Post

Cutting tool consumption is a leading indicator of manufacturing activity. Check out AMT - The Association For Manufacturing Technology's Christopher Chidzik and his insights on the April 2024 shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and the United States Cutting Tool Institute (USCTI) Orders are up 5% above the same period in 2023. Costikyan Jarvis, president of Jarvis Cutting Tools says, “The industrial sector of the economy continues to move sideways. While the value of cutting tool shipments is up about 5% over last year, the flatter growth rate in units shows that inflationary pressures are still present. What are you seeing? We would love to hear about it in the comments. Forecasts suggest a potential rebound in the latter half of 2024, driven by increased industrial production and new orders. The upcoming IMTS - International Manufacturing Technology Show 2024 in Chicago will be pivotal for showcasing innovations and driving future demand. #Manufacturing #CuttingTools #IndustryNews #EconomicGrowth

“Several market segments are leading the continued demand for tooling. It will be interesting to see how the automotive labor issues affect the market in the coming months," says Jeff Major, President of USCTI of the latest Cutting Tool Report. August 2023 U.S. cutting tool consumption totaled $219.2 million, according to the latest Cutting Tool Report. This total was up 16.2% from July’s $188.6 million and up 4% when compared with the $210.9 million reported for August 2022. With a YTD total of $1.65 billion. You can read the full report here:

Spotting and tackling production bottlenecks is key to optimizing operations. It boosts efficiency, trims costs, and ensures competitiveness. Here's a case study on the topic! Check it out!

Let's look at the data! 📈 July 2023 U.S. cutting tool consumption totaled $189.6 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 12.7% from June’s $217.3 million and up 4% when compared with the $182.4 million reported for July 2022. With a year-to-date total of $1.43 billion, 2023 is up 9.4% when compared to the same time period in 2022. Read more: https://hubs.la/Q023YNVj0 #beckwoodpress #manufacturing #manufacturer #industrial #industrialmanufacturing #engineering #technology #metalforming #metalstamping

Ready to Dive Deep into Manufacturing Metrics? Ever wondered what's truly driving efficiency and performance in your machine shop? Discover the significance of TEEP vs. OEE in optimizing operations. Unlock the secret to maximizing productivity, reducing costs, and making informed decisions. 📊✨ 👉 Are 100% flawless operations a myth? Can OEE give you insights into uptime, speed, and production quality? When should you leverage TEEP over OEE? And can they be used together for unbeatable results? Find out all this and more in our latest deep dive: https://hubs.la/Q025t81t0 #ManufacturingMetrics #TEEPvsOEE #MachineShopOptimization #DataDrivenDecisions

Pretty solid book series to help see the future of manufacturing and integrate into strategic planning!!

10 ways to reduce your material and labour costs. If you're a manufacturing company your costs will fall into 3 areas: 1️⃣ Materials 2️⃣ Labour 3️⃣ Overheads Knowing which are the biggest cost drivers will give you a good starting point. 🔦 An idea of where to point your torch. 🔽 Download your FREE copy on 10 ways to reduce your material and labour costs. https://buff.ly/48kiYYo #reducecosts #ukmanufacturing #lean

Have you got a product you want to manufacture? Join this online session to find out what you need to consider when using a manufacturer, from how to cost effectively to choosing a manufacturing model! Book now!

Single-minute digit exchange of die (SMED) is one of the many lean production methods for reducing inefficiencies in a manufacturing process. It provides a rapid and efficient way of converting a manufacturing process from running the current product to running the next product. This is key to reducing production lot sizes, and reducing uneven flow (Mura), production loss, and output variability. The phrase "single minute" does not mean that all changeovers and startups should only take one minute, rather, it should take less than 10 minutes ("single-digit minute"). A closely associated yet more difficult concept is one-touch exchange of die (OTED), which says changeovers can and should take less than 100 seconds. A die is a tool used in manufacturing. However, SMED's utility is not limited to manufacturing. Link to download this image: https://lnkd.in/dqpgZ42x Lean Consulting contact: marcelocarrera@outlook.com