Sharing Economy Comes to Manufacturing

40% Of Manufacturing Machines Are Under-Utilized. That’s the sad fact, but one company had an idea that brought the sharing economy to the manufacturing industry.

Here’s the deal: Say a manufacturer needs to make a machined part, but does not have the needed machinery or a reliable method of outsourcing. Another company (a supplier) has the machinery needed, sitting idle, collecting dust and making no money.

MakeTime brings the two together via its online platform. Much like a dating service, suppliers are matched with part orders from purchasers, based on their machining capabilities and when their machines are available.

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