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Balancing Cost and Efficiency in Tooling Management and Procurement

OTHERS Balancing Cost and Efficiency in Tooling Management and Procurement 2024.03.21 Executive Summary In outsourced manufacturing, Original Equipment Manufacturers (OEMs) face a difficult challenge in tooling procurement, often alternating between excess and shortage due to a lack of precise lifespan information. This challenge is compounded by the tooling warranty paradox, where tooling fail prematurely, leading […]

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Convergence of Tooling Digitalization and Sustainable Manufacturing

AUTOMOTIVE 2023.12.19 | Updated: 2023-12.29 Convergence of Tooling Digitalization and Sustainable Manufacturing With the growing concerns over environmental issues, various industries, including the automotive sector, are now prioritizing sustainable manufacturing to reduce their carbon footprint and maintain competitiveness. A promising approach gaining momentum is the convergence of tooling digitalization with sustainable practices. This shift holds

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Curbing The Automotive Parts Supply Dilemma with Tooling Digitalization

AUTOMOTIVE Curbing The Automotive Parts Supply Dilemma with Tooling Digitalization 2023.12.19 | Updated: 2023-12.29 The automotive industry is no stranger to supply chain disruptions, as evidenced by a recent decision of an automotive company to postpone new model launches due to supply issues. While the semiconductor shortage is often spotlighted, a series of factors, from

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Overcoming Digital Tech Adoption Challenges in Automotive Manufacturing

AUTOMOTIVE Overcoming Digital Tech Adoption Challenges in Automotive Manufacturing 2023.12.19 | Updated: 2023-12.29 In an era where technology and innovation drive industries forward, the automotive industry, long known as a leader in pioneering advancements, now grapples with an ironic dilemma: the challenge of digital adoption. From tooling fleets scattered globally to the complexities of intricate

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Tooling Digitalization: The Genesis of Automotive Digital Transformation

AUTOMOTIVE Tooling Digitalization: The Genesis of Automotive Digital Transformation 2023.12.19 | Updated: 2023-12.29 Tooling is the backbone of the automotive manufacturing industry, underpinning the entire production process. This foundational role of tooling, encompassing the myriad tools, molds, and dies, makes it a strategic starting point for digital transformation for the automotive industry. When companies embark

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Overcoming Bottlenecks with Data Intelligence in Automotive Manufacturing

AUTOMOTIVE Overcoming Bottlenecks with Data Intelligence in Automotive Manufacturing 2023.12.19 | Updated: 2023-12.29 One truth remains clear: the automotive industry is always on the move. While this dynamism is exhilarating, it brings its own set of challenges, notably the infamous production bottlenecks. These have been accentuated by factors ranging from lack of automation to equipment

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