Embracing Lean Manufacturing Fundamentals As technology and the Industrial Internet of Things march onward, perhaps it’s time for companies to go back to basics and make sure their processes are ready to scale. by Steve Garbrecht The question is this: Why, by a margin of nearly 3:1, are manufacturers implementing cross-functional groups to improve…
Oil futures on Thursday were set to log their highest settlement in about two weeks, after U.S. government data revealed the largest drop in crude supplies since 1999. The 14.5 million-barrel decline reported by the Energy Information Administration was even larger than the surprise 12.1 million-barrel drop reported by the American Petroleum Institute late Wednesday.…
Talk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers to cut bets on falling prices by the most ever. West Texas Intermediate, the U.S. benchmark, went from a bear to a bull market in less than three weeks. OPEC is on course to agree…