Potential for the Industrial Internet of Wisdom to boost stainless steel sales and margins
Stainless steel manufacturers are often handicapped by the fact that they typically sell products to an Original Equipment Manufacturer (OEM) and not to the end-user. This limits access to critical information, which helps determine the Total Cost of Ownership (TCO). The equipment manufacturer has generally been more interested in first cost than TCO. By Robert Mcilvaine, President, The Mcilvaine Company
The competitive position of stainless steel: The first in an ongoing series
Since 1950, the melting production of stainless steel has increased almost fifty-fold, outperforming practically all other major metals and alloys. In the first of this ongoing series, industry insider Peter Cranfield has dug through historical production data–and his own memory banks–to explain this phenomenal and sustained growth. By Peter Cranfield, Consultant, World Bureau of Metal Statistics
Part three in a three-part series: Data security—your greatest risk management challenge
A single online search for the term Big Data (also known as the Internet of Things or Internet 4.0) pulls up 300,000,000 Internet references (yes, that’s millions) in just two-thirds of a second. The sheer volume of accessible information depicts the double-edge sword of data: its scope is overwhelming, both in terms of business potential and business risk for stainless steel manufacturers, fabricators, and distributors. Written by Jeff Eiben, Principal Owner, River Point Technology
Part two in a three-part series: ditch the silos and optimize the supply chain
For stainless steel manufacturers and the broader manufacturing sector, 2018 could be a stellar year for improving efficiencies and reducing costs. The reason? Supply chain optimization. Written by By Jeff Eiben, Principal Owner, River Point Technology
Safeguard your business success with the power of real-time data
Manufacturers and distributors in the stainless steel industry are not exempt from the reach of rapidly advancing technology. Those who hesitate to invest in and implement a robust IT infrastructure and sound data practices will eventually be left to watch as the competition passes by. By Jeff Eiben, Principal Owner, River Point Technology