Modern Machine Shop

OCT 2018

Modern Machine Shop is focused on all aspects of metalworking technology - Providing the new product technologies; process solutions; supplier listings; business management; networking; and event information that companies need to be competitive.

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Page 75 of 147

MMS OCTOBER 2018 74 How does a small or mid-sized machine shop establish relationships with large, high-tech original equipment manufac- turers? By devoting time and resources to that end. However, a respectable sales and marketing effort might not be enough, even if the shop is ideally suited for the work. Meanwhile, a small product design company without the OEM's army of purchasing managers or high-volume orders might struggle to connect with the shop, just as the shop struggles to connect with the OEM. Open capacity and advanced capability aside, the shop's spindles remain still. The OEM sources elsewhere, possibly even overseas. No one wins. By moving its matchmaking network to a blockchain platform fueled by the MFG Token, a new form of cryptocurrency dedicated specifically to the manufacturing industry, SyncFab aims to help secure intellectual property throughout increasingly data-driven supply chains. DATA-DRIVEN MANUFACTURING

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