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Plugging the Skills Gap Within the Manufacturing and Engineering Industry

Plugging the Skills Gap Within the Manufacturing and Engineering Industry

2009 was an interesting year in the British economy, especially for businesses in the Manufacturing and Engineering industry, who suffered significant job losses in the wake of the recession. Despite the slowdown and casualties there was much debate about how the UK could secure a future for the industry in Britain through addressing the evident skills gap. The topic was one that was hotly debated at the Manufacturing Director’s conference in November, and on many other occasions. There were 3 clear and agreed objectives and priorities: the need for greater support of science and maths subjects in schools and colleges, a methodology guaranteeing a balance between vocational and academic training, and a revitalisation of the industry image to attract the best talent into the sector.

So what will 2010 bring in terms of action to overcome these issues?

There has been a wave of new activity with government, academia and industry pulling together to launch a number of initiatives. Amongst them is ‘The Big Bang Young Scientists’ and Engineers’ Fair, which will include the National Science and Engineering competition for young enthusiasts and is supported by industry leaders such as BAE, Shell and Siemens.

Also of note is that the University of Lincoln is to establish a dedicated school of engineering, the first in the UK for some 20 years. The school’s aim is to address the future challenges for the industry and will focus on fundamentals such as energy production and distribution and low carbon technologies.

These initiatives are commendable and will no doubt start to address the worrying gap in industry, however I feel that there is something missing, something that would make all the finance, resource and investment worthwhile and could deliver more tangible results. One of my concerns is that all these initiatives are based around secondary schools, colleges and universities. There appears to be little in the way of educating at primary level and also educating parents. My perspective is that many of the young individuals that will be engaged by these schemes will already be considering their future in engineering and may not need the encouragement that will be provided. What about those that do not know which direction their career will go in? There can be a high degree of inertia in adolescents and despite the best efforts of government, academia and industry if they are not inspired and motivated then these schemes may not engage them. My belief is that we need respected and inspirational individuals to spear head the campaigns, high profile individuals that young people can relate to. We also need to consider the soft skills required to make a success of their career; all these schemes are based on positive reactions from young people and don’t consider what happens if they aren’t engaged or how to generate their interest in the first place.

Speaking from experience, before I worked in the ManEng market I had no interest or desire to know anything about the industry, however I am now amazed and mystified on a daily basis and this is how our young people should perceive the industry. Some of my points may already have been addressed, and if so I apologise, however if that is the case I would ask why these initiatives are not better publicised.…

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Business

Put Aside That Proud Badge Of Honor Of Being Busy

There are a lot of choices on the market right now in used motorhomes and that may make it onerous to know where to begin for finding the perfect recreational vehicle for you and your family. The Financial institution of America mobile app, 3 together with Zelle℠ now helps you to send cash in minutes four and make payment requests to almost anyone within the U.S. Author Michael Walsh knows he is part of a small undercurrent of Amazon critics — but he likes it that the stream cuts throughout social gathering lines.

Zelle is the brand new, secure, and fast method to send cash to almost anybody with a U.S. checking account, regardless of where they financial institution. Silver coins were used for midsized transactions, and as a unit of account for taxes , dues, contracts and fealty, whereas copper cash represented the coinage of frequent transaction.

Money is traditionally an emergent market phenomenon establishing a commodity cash , but almost all up to date money methods are based mostly on fiat cash 4 Fiat cash, like several verify or be aware of debt, is without use value as a physical commodity.

Makes use of arguments from Graziani, Augusto (1989), The Idea of the Financial Circuit, Thames Papers in Political Financial system, Spring: pp. 1-26. Horace , Epistles, I. 5. 12. Reported in Hoyt’s New Cyclopedia Of Practical Quotations (1922), p. 521-24. The true purpose is, upon account of the currency of it: it can’t be recovered after it has passed in forex.

You will need to notify your monetary institution instantly of any unauthorized use. Liquid financial instruments are simply tradable and have low transaction prices There should be no (or minimal) unfold between the prices to buy and promote the instrument getting used as money.…

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General Article

Material Science Behind 3D Printing

Material Science Behind 3D Printing

3D printing is a very fascinating technology in my opinion. This technology allows for the manufacturing of almost anything from a wide variety of materials. It is different from other forms of manufacturing, as it can use designs that are geometrically independent. The layer by layer process allows for the production of almost any shape! I plan on highlighting some of the materials offered through this process, but first I’m going to cover what 3D printing is.

3D printing is the layer by layer assembly of products through the melting or fusion of materials through various methods. These methods include curing liquid resins into solids, laser melting, fused deposition modeling, and ink jet methods. For the process to work, a 3D design will have to be created on the computer by an artist or 3D engineer. This design will then be sent to a 3D printer, or the machine that will actually manufacture the product. Whichever 3D printer being used will take the 3D design, and the computer within the printer will acknowledge the dimensions, shapes, and thicknesses of each model. The manufacturing process will then take place when the “print button” is pressed. Once started, the process is entirely automated. The machine will begin creating a physical model based off of the design, one layer at a time. These layers are typically very small; most machines offer layers that range from 20-30 microns. The diameter of a human hair is around 20 microns. A 6 inch tall 3D print would likely consist of over 800 miniature layers! This layer by layer process can create very intricate and organic shapes that other manufacturing methods cannot; it is also relatively affordable. The variety of materials to print in is pretty significant as well. Let me elaborate.

When looking into 3D printing, the variety of material choices is very large. In fact, over 60 materials exist. These materials can cover a wide array of purposes, and each is different. Common materials include polycarbonates and ABS plastics. ABS is probably one of the most popular, and there are around 10 different colors to choose from. Precious metals even have a say in 3D printing; materials such as gold, sterling silver, fine silver, and platinum exist through 3D printing. Industrial plastics like PA 2200 exist to withstand various chemicals and high temperatures. There is also a large market for 3D printing metals out there; these metals include: aluminum, cobalt chrome, titanium, Inconel, two forms of stainless steel, bio chrome, bronze, maraging steel, and nickel alloy. Materials exist for very specific purposes, let me elaborate. Some materials within the Objet tango family are very flexible, and are used to prototype various products such as the rubber within cell phones. Vero materials can be used for “snap on” parts. There are a variety of wax materials that hold exceptional detail for wax casting. Other resins and materials are used to hold great detail for character models and similar applications. Some materials are fully translucent. Materials such as zp150 hold a full array of colors for character models.

Regardless of your prototyping needs, there is a material that exists for it! If you’re looking to have a part made for the internals of a jet engine, 3D printing can save the day. If you need a precise character model, 3D printing will save the day. Whether you’re making jewelry, or you’re making a product, 3D printing will have a material that can get the job done when it finally comes down to prototyping!…

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General Article

Does the Australian stock market have options?

An option is a financial contract that gives the buyer the right, but not the obligation, to buy or sell a security at a specified price (the strike price) on or before a specific date (the expiration date). Options are derivative instruments, meaning their value is derived from the price of another security. When it comes to stock options, the underlying security is the stock itself.

There are two types of options: call options and put options. A call option gives the buyer the right to buy a security at the strike price, while a put option gives the buyer the right to sell a security at the strike price.

The Australian stock market

The Australian stock market does have options available for trading. However, not all stocks on the ASX have options listed. There are always only a limited number of stocks with listed options, and most of these are large, well-known companies.

A quick review of the Australian stock market will show several different types of investment options available to investors. These include, but are not limited to:

  • Stocks or shares in publicly traded companies
  • Bonds or debentures issued by governments or corporations
  • Investment funds that pool money from a large number of investors and invest in a variety of assets
  • Exchange-traded funds are funds that track an index or basket of assets
  • Property, including commercial and residential property
  • Infrastructure, such as toll roads, ports, airports and energy infrastructure

Options can be used for several different purposes

Options available on the Australian Stock Exchange can be used for various purposes, such as;

Hedging

A hedged position is when an investor uses options to reduce the risk of owning securities. For example, an investor might use a put option to hedge his exposure to a particular stock. This would involve buying a put option on the stock with a strike price below the current market price. If the stock falls in value, the put option will increase in value and offset some of the losses on the stock.

Speculation

Speculators buy options with the hope that the underlying security price will move in a particular direction. For example, a speculator might buy a call option on a stock with a strike price above the current market price. If the stock price increases, the call option will increase in value, and the speculator will profit.

Arbitrage

Arbitrageurs take advantage of price discrepancies between different markets. For example, an arbitrageur might buy stock in one market and sell a put option on the same stock in another market. If the stock prices and the put option are different, the arbitrageur will profit.

Flexibility

One of the most significant benefits of trading in options is that it gives investors a high degree of flexibility. You can tailor your investment portfolio to meet your specific needs and goals with options.

Potential for high returns

Another key benefit of trading in options is the potential for high returns. When used effectively, options can provide investors with substantial profits.

Liquidity

One of the most significant advantages of trading on the Australian stock market is the high degree of liquidity, and this means that you can buy and sell stocks quickly and easily without having to wait for long periods.

Access to a wide range of stocks

The Australian stock market offers investors access to a wide range of stocks from large and small companies. This gives investors a greater level of choice when building their investment portfolio.

Finally

There are many reasons why trading in options on the Australian stock market can be a wise investment choice for investors. With its high degree of liquidity, access to a wide range of stocks, and potential for high returns, the Australian stock market offers investors a wealth of opportunities to grow their wealth. So if you’re looking for an exciting and profitable way to invest your money, consider trading in options on the Australian stock market. New traders are advised to use an experienced and reliable online broker from Saxo markets.

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Two Common Methods To Manufacture Medical Devices At Low Cost

Two Common Methods To Manufacture Medical Devices At Low Cost

There are many companies available to manufacture medical devices and they know that there is a lot of competition between each other for the clients. There are various qualities that clients look for in these manufacturers including professional consultation, high standards for the final products, and low prices. While some clients are willing to pay the higher prices to ensure that their product is of high quality or because they want the products all locally made, there are ways that manufacturers are able to offer lower prices for the making of these medical devices.

Low Cost Labor

The use of low cost labor may seem a bit controversial to some clients but it is one of the main methods to keep the cost low for those that manufacture medical devices. Labor can be quite expensive in some countries but in places like Asia, the cost of labor is still low. These manufacturers save a lot of money on production by having their factories or plants built in these countries. They can still offer a decent wage according to the economy in these areas and maintain healthy work conditions while saving fifty percent on labor costs. This labor is often used for the production of the molds, the parts for the medical devices as well as for the assembly of the products.

Raw Material Manufacturers

One of the main expenses to manufacture medical devices is the materials that are used to make them. The manufacturer’s that wish to cut costs for their client often go directly to the manufacturer of the raw materials. Instead of buying the materials after they have exchanged hands and locations a few times, they save money by purchasing them from the original manufacturer of whatever material is needed. It is one sure way of reducing prices by yet another large percentage.…

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Kaizen Blog – Why This Should Be Part of Your Regular Reading

Kaizen Blog – Why This Should Be Part of Your Regular Reading

If you run a business (either as a manger or an owner) then you will find a kaizen blog to be immensely useful. You do not have to be in the manufacturing business to take advantage of this Japanese management concept; it has been used in a whole lot of industries with excellent results.

As a forward thinking businessperson, you need to stay alert to the latest trends in management so that you can run your business very effectively. Keep in mind that the world is changing very fast, thanks in part to the introduction of new technologies, and this has resulted in increased customer expectations. Further, the market has very little money these days and you will really have to fight with your competitors to get business.

Kaizen is something that your company can really benefit from, irrespective of its size. Since the emphasis of this management concept is continuous and sustained improvement, you will be able to make small and gradual but meaningful and lasting changes in your business.

The advantage of reading a Kaizen blog is that you can get a whole lot of answers to your questions here. As a matter of fact, you are sure to read a lot of thought-provoking things here. Do not be surprised if you come across various concepts and techniques that you haven’t even used before.

It goes without saying that the blog you read should be a really good one or else you will just be wasting your time. Look for a blog that:

– Is written by a person who has a lot of experience in the field of management. Many management consultants maintain these blogs and so you ought to have plenty to choose from.

– Is full of information on different aspects of Kaizen and Lean management. It would be great if the blog has regular posts on subjects related to your business, but you also should make it a point to read about how other industries are managed. You will get plenty of interesting ideas this way.

– Is updated relatively frequently (or else you will not have enough to read whenever you visit the blog)

If you are very serious about updating your knowledge base and working smart (and not just hard) then a Kaizen blog will be of great use to use. Your business will become more efficient and your profitability will also increase when you start using the most suitable management practices.…

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Your Business Will Have No Limits With a CMMS Web-Based System

Your Business Will Have No Limits With a CMMS Web-Based System

You’ve been working in the same manufacturing plant for a year as a Floor Manager. You’re up for your review and need to have a great idea to offer to your boss to answer the anticipated “What value do you see yourself adding to the company in the next year?” question. As you walk the floor during rounds, you find that some of the equipment seems to be running slower than usual.

You are going to have to check the CMMS details, but the VP of manufacturing is out today, and only he and the plant manager have the software on their desktops, so you won’t be able to check the data until tomorrow. Not a big deal, but you’re concerned that the slowdown in performance could have a long-term affect on production. As you ponder this situation, you have an “a ha!” moment. If you could check the production data via the web, the software would not be a factor.

As you step into your boss’s office for your review, you begin to let him know the situation you faced today and then open up the topic of a CMMS web-based system.

You explain that the benefits of a CMMS web based system would allow access for all employees from any desktop to the data and reports they need, without having to download software or manually upgrade their systems when new features are available. The company will be able to increase manage their CMMS files with an easy to access, online database. Home-based work is possible which can help reduce overhead costs. The no-boundaries approach to business opens up the possibilities for decreased costs and increased profits.

Your boss listens and then asks you to come back to meet with him tomorrow. He wants to call the owner of the company into to this evaluation. He shakes your hand and you go back work. The next year is looking pretty good right about now.…