Modern Machine Shop

MAY 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 51 of 179

SHOP TALK MMS MAY 2018 50 Industry News Marposs Opens Technical Center in Silicon Valley Marposs has announced the open- ing of its technical center in Sil- icon Valley. Located in Fremont, California, this technical center provides customer support solu- tions for several of the company's fastest-growing focus sectors: consumer electronics and electric vehicles, biomedical and medical, aerospace and energy. With an on-site resource center for design, application engineering, and fab- rication, the company is able to support the needs of its expand- ing West Coast customer base. "Serving our West Coast clients is at the core of what we want to achieve here in Fre- mont," says Donato Donati, West Coast business development manager. "This strategic location gives Marposs the ability to pro- vide every customer increased support, access to a wide range MakeTime Releases Manufacturing Pricing Tool MakeTime (Lexington, Kentucky) has launched Network Pricing as part of its platform, a solu- tion for the often lengthy and inconsistent man- ufacturing pricing process. The tool generates a budgetary price for machined parts based on pricing data amassed from across the manufac- turing landscape. The company's distributed manufacturing network gives it a view into details that make transactions happen. Using more than 40 million unique data points with advanced machine learning techniques, it has formulated algorithms to generate a price range for any machined part. "We're giving procurement and purchasing professionals instant pricing insights based on the context of today's market, and the implications of this go far beyond procurement efficiency," says founder and CEO Drura Parrish. "This technology has the potential to bolster the competitiveness of American manufacturing. " "This is a great example of how machine learning and AI can transform an industry. With each data point ingested by our algorithms, Network Pricing becomes more accurate," says Director of Data Science John Clemmens. "Eventually, highly customized parts will have pricing consistency comparable to that of commodities. The continuous stream of manufacturing informa- tion enables MakeTime to bring insights in real time that could not have been imagined in years past." | MakeTime Inc. | 844-625-3846

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