The world is based around efficiency. In modern terms, efficiency means less money usage. If people have a chance to keep money, they will become as efficient as possible. Money is a driving force in the world. Money is so powerful that people will cut corners in order to save it. This also is actively present in governments around the world. Sometimes governments cut corners in education, public recreation, or even public transportation. However, out of all of those and even more, there is one…
accelerate profitable growth for the company as well as serve the society. Eric Ortman, Supply Chain Executive with GE Oil & Gas noted, “Ecoimagination is pointed at increasing environmental responsibility in both products in the field and manufacturing processes”. Eric further explained that to support the strategy, “the company measures GHG (greenhouse gasses emissions) footprint reduction in factories, and considers product safety in design practices”. Healthymagination: GE’s…
Film Review: The Global Assembly Line The World economy has experienced distinct phases over time, yet one of the most important and revolutionary systems has been capitalism. Capitalism can be defined as a socio-economic system motivated by profit and labor power, focused on the exploitation of the labor force. Beginning in the 19th century, competitive capitalism introduced the idea of reducing wage rates and different forms of production. Then came the era of organized capitalism, also…
These manufacturing plants open doors for more people to capitalize on job opportunities. When a company outsources with a third party in a foreign country, it will not only create jobs in the country, it will create a forward improvement on their open market, help…
breeze, blue uniforms, red tool boxes, and noise above 80 decibels, in year 2013, factory floors at the American manufacturing facilities accounted for 12.5% of the total gross domestic product. US manufacturing has come a long way, from cotton and Tabaco production in 1800 to modern day airplanes of the 20th century. Last two decades have seen unprecedented growth in automation in manufacturing facilities, however, internet of things (IoT) will be a new revolution to promote smart factory…
as Bangladesh and India. Many apparel companies are sending their manufacturing overseas because it is less expensive for them to have it made in a third world country and shipped to the United States than to have it made in the United States to begin with. A majority of all manufacturing facilities are located in low economical and poorly educated countries and are commonly considered low wage companies. In low wage manufacturing companies there are flaws, such as long hours and unsafe working…
ELECTRONIC MANUFACTURING INDUSTRY IN SINGAPORE INTRODUCTION Singapore Electronic Industry started 50 years ago in the 1960s with its first and only TV Assembly plant in Southeast Asia. And today, Singapore Electronic Industry has become the backbone of Singapore’s economy, contributing 5.3% of the Gross Domestic Product (GDP) in 2013, 29% of total manufacturing output, and employed 80,000 workers, representing 19% of the total manufacturing labour force in Singapore (EDB, n.d). Due to the…
The idea that making something for oneself to use in their day to day life may seem too daunting for the average person. Most people would rather just go out and buy whatever it is they want/need and call it a day. This can save them a lot of time and money but may rob them of the joy of producing something of their own and may cause them to have an inferior product. So is it better to make something or is it more advantageous to save both time and money to buy something that is mass produced?…
was it formed and who created it? Oliver Fisher Winchester was born on November 30th, 1810 in Boston Massachusetts to Samuel Winchester and Hannah Bates. He worked as a carpenter, ran a men’s shirt store, and after that he started a dress shirt manufacturing company in 1848. Winchester was intrigued by guns and hunting and later took interest in the growth of the Volcanic Repeating Arms Company. By then Volcanic Arms had helped create the first lever-action…
Since their inception, forklifts have revolutionized the commercial and industrial sectors. Forklifts not only yield an increase in efficiency, but they also help create a safer work environment. The increased load capacity and maneuverability of forklifts surpass what used to be done manually. Many, if not most, commercial and industrial businesses utilize these machines on a daily basis, and in Rochester, NY, Insley McEntee Equipment Company is proud to provide them. For more than 60 years,…