March 2017 IQReport
Manufacturing in U.S. Expands at Fastest Pace Since August 2014
Manufacturing expanded in February at the fastest pace since August 2014 as factory managers reported stronger orders and production.
The Institute of Supply Management's (ISM) gauge of orders increased to the highest level in just over three years, while an index of production posted its best reading since March 2011. The data were preceded by recent regional indicators showing similar strength that has prevailed since the presidential election as companies begin to step up investment and the global economy stabilizes. Click here to read the complete article on Bloomberg Markets.
Hiring for the Factory Floor: What are the most important skills?
When you hire for the factory floor, what is more important to look for in a candidate -- the hard skills (e.g., CNC machining experience) or softer skills like problem-solving or being a team player?
This is a common question faced by many plant floor managers. And as is often the case, the answer depends on the candidate, the position and your company culture. A recent article in Industry Week addressed this issue with helpful insights and tips on building a workforce with better workers and team players. Read more on hiring for the factory floor.
IQMS Representative ERP Vendor in New Gartner Report
IQMS has been identified as a representative vendor in the Gartner "Market Guide for Product-Centric Cloud ERP Solutions” report. IQMS’s ERP and MES cloud offerings are designed specifically for the needs of manufacturing companies, one of the categories of product-centric organizations identified in the report.
The Gartner "Market Guide for Product-Centric Cloud ERP Solutions” report notes that, “Product-centric companies are increasingly directly impacted by the emergence of digital business, which is disrupting many of the traditional business models in product-centric industries. Read more.
IQMS Pinnacle User Conference Keynote Speakers
Keynote speakers for the 2017 IQMS Pinnacle User Conference have been announced. The keynote sessions include:
- Economic Conditions and Factors that Impact Manufacturing, William A. Strauss, a senior economist and economic advisor in the economic research department at the Federal Reserve Bank of Chicago
- Tools of Triumph, Alan Hobson, international bestselling author of seven books, Mt. Everest summiteer, and professional speaker for Fortune 500 companies
- Practical Applications of IoT and Smart Manufacturing, Dan Miklovic, a principal analyst at LNS Research with more than four decades of manufacturing IT experience
- Empowering Manufacturing Customers to Succeed, Gary Nemmers, IQMS CEO
Product Lifecycle Management (PLM) Technology Considerations
Although PLM software has evolved over time, the goals of product lifecycle management have always mirrored those of manufacturers: shorten the time frame from product concept to sales, reduce development and manufacturing costs, ramp up production volumes to meet customer demand, and optimize product quality.
What should you look for when it's time to choose a PLM system? Click here to download the whitepaper, Technology & Software Considerations When choosing your PLM System, to learn more about the features and functionality that will help optimize your manufacturing and administrative processes, enhance product safety and quality, and speed time to market.