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 ...

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 ...

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 ...

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

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 ...

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 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 ...

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 ...

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 ...