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Archive for May, 2015

3 Reasons Why You Should Attend R3D @ Tri-C

Posted on: May 22nd, 2015 by The Technology House

R3D@Tri-C, the Regional 3D Printing and Additive Manufacturing Conference, will be held on June 18 and 19, 2015.  This two day event will be held at Tri-C’s Advanced Technology Training Center in beautiful Cleveland, Ohio.

But how do you know if this event is right for you?  Below are three quick reasons on why you should attend.

Learn the latest trends in 3D printing/additive manufacturing.
Presentations from Wohlers Associates, America Makes, MAGNET, and TTH will be given on the current and future trends in equipment, materials, and services

Network with industry professionals and educators.
You will be able to engage and share ideas in a fun and interactive setting.  This event initiates personal engagements and cultivates networking.

It’s open to companies and individuals of all 3D printing abilities.
Companies currently using 3D printing/additive manufacturing as well as companies new to the industry will find this event beneficial.  In addition, both 7-12 grade educators and higher education will gain insight from this event.

We will be presenting and exhibiting at this event, so be sure to stop by and say hello!

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3 Benefits of Working with a Small Business

Posted on: May 13th, 2015 by The Technology House

Last week as National Small Business Week.  This is a time where the U.S. Small Business Administration (SBA) highlights the impact of small businesses and entrepreneurs on job creation, competitiveness, and innovation. But you may say to yourself, what’s in it for me?  Below are three benefits we feel our customers receive when working with a small business like us:

The Feeling of Family

We try to transcend the feeling of being a part of a family not only through our team, but also to our customers. This feeling of family often creates a tremendous amount of energy during projects. Rather than simply deliver parts, this family atmosphere allows us to be a value added vendor to our customer.

Lean Structure

A small business is, by nature, very lean. This can allow for decision and response times to be much quicker, which allows for more flexibility and adaptability. The lean structure of a small business also allows almost every employee to be much closer to the business and the customer, allowing for both an understanding of how the company works and increased customer satisfaction.

Quick to Meet the Customer’s Needs

A small business has the distinct advantage of changing plans or tactics much faster than your larger competitors. This allows a small company to adapt and tailor its products and services based off customer feedback.

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ISM Manufacturing Index: What Does It Mean?

Posted on: May 5th, 2015 by The Technology House

Last week, the Institute for Supply Management published its monthly ISM Manufacturing Report for April. The PMI was 51.5 percent, which is unchanged from March’s figure. It has been well documented in other news articles that this figure is the lowest PMI since May 2013.

The report noted

“The April PMI® registered 51.5 percent, the same reading as in March. The New Orders Index registered 53.5 percent, an increase of 1.7 percentage points from the reading of 51.8 percent in March. The Production Index registered 56 percent, 2.2 percentage points above the March reading of 53.8 percent. The Employment Index registered 48.3 percent, 1.7 percentage points below the March reading of 50 percent, reflecting contracting employment levels from March. Inventories of raw materials registered 49.5 percent, a decrease of 2 percentage points from the March reading of 51.5 percent. The Prices Index registered 40.5 percent, 1.5 percentage points above the March reading of 39 percent, indicating lower raw materials prices for the sixth consecutive month. While the March and April PMI® were equal, both registering 51.5 percent, 15 of the 18 manufacturing industries reported growth in April while only 10 industries reported growth in March, indicating a broader distribution of growth in April among the 18 industries.”

Click here to view the report in its entirety.

ISM Manufacturing Index

So what does this figure mean? Any figure above 50 percent indicates that the manufacturing section is growing. 51.5 percent shows that the sector is growing, but albeit, at a slower pace.

Although this figure can be helpful, there are some things to note with it. The ISM Manufacturing Index is just a survey among purchasing managers. This figure reflects the number of people saying that the conditions are good, compared to those purchasing managers who are saying the conditions are worse. The figure just reflects the purchasing managers’ responses, and does not include the size of the firm, or the degree on improvement/contraction.

This survey should not be used as a strong indicator to read the conditions of a business cycle, but rather, this is a simple survey that can provide anyone a broad indication of trends.

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