On-Demand Manufacturing to the rescue! Almost 500 manufactures have recently signed up as a purchaser or vendor of machine time. What does this mean? It means that thanks to a company a little more than half a year old, companies in need of manufacturing (computer-programmed machinery) services can be aligned with companies that have idle machines ready to be used. The company is called MakeTime Inc. Buyers and sellers on MakeTime upload project specifications that would need CNC machines—typically lathes, drills, laser-jet and other machines used to forge products out of metal, wood or other materials—via computer programs designed to meet exact manufacturing specs.
An example would be, if you needed 1000 industrial components you created in CAD/CAM (jobs for CAD/CAM) and wanted them at the end of the month; post it on MakeTime.io and receive price bids from multiple companies with available machines. When you pick someone you like and a price is agreed upon for the project, you’ll pay MakeTime. When this happens they’ll pay the manufacturer half upfront and then the remaining minus MakeTime’s %15 percent cut once you approve the job was completed to your satisfaction. MakeTime has a vetting system in place for determining the rep and quality of a vendor, but if things go awry and they will from time to time, MakeTime will refer the buyer to a new marketplace seller without charging more than the original job price.
MakeTime’s total funding so far is $3.87 million, Drura Parrish, CEO (Jobs for CEO) and founder of MakeTime, says his company will use the funds to expand product development and sales and marketing operations. “MakeTime is the solution where the focus is on-demand and just-in-time coupled with flexibility,” he says. “Manufacturers now have the power to expand both their capacity and capabilities with no capital expenditure and less risk while helping machine shop owners monetize idle time.” Parrish says that in the future they want to implement a scheduling system to manage available machines and which are currently open. A rating system for the vendors is also being developed.
In this day and age, where timeliness is king, having alternatives to a production choke hold is major news. Let’s not forget that the company has some money for getting quality personnel to help with all this innovation, you might just want to get yourself in front of them for employment. This sounds like a company with a good idea and a possible long term future.