Blogs for 03/2020
I received an email from Lynn Fifer, a retired cutting tool professional and CTE reader since 1967, who shared his recollections about the development of the parabolic flute drill. Fifer said the development occurred in 1950s at the old Mohawk Tools Inc., Montpelier, Ohio, well before he started with the toolmaker in 1967.
With the arrival of Industry 4.0, a new business model is emerging for how part manufacturers acquire machine tools: equipment as a service (Eaas). Graham Immerman, vice president of marketing for Northampton, Massachusetts-based MachineMetrics Inc., effectively covers this topic in his new 12-page ebook/white paper titled “Equipment-as-a-Service: A Brave New World for Machine Tool Builders.” In an interview with CTE, he said, “Instead of buying a machine and fully financing it or paying cash, you can pay as you use it.”