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Topic: manufacturing costs

10 Ways Manufacturers Can Reduce Manufacturing Costs

The best way to reduce costs in a manufacturing business is to target the three areas in which costs generally fall: direct labour, materials, and manufacturing overheads. In this article we’ll look at each of those areas in detail and suggest ways in which business owners and managers can reduce their costs – without lowering […] ... Read More

  September 8, 2020     

The Complete Guide To Calculating Total Manufacturing Costs

To calculate total manufacturing cost you add together three different cost categories: the costs of direct materials, direct labour and manufacturing overheads. Expressed as a formula, that’s: Total manufacturing cost = Direct materials + Direct labour + Manufacturing overheads. That’s the simple version. However there’s a lot mo ... Read More

  September 1, 2020     

Sustainability Improvements for Manufacturing

The manufacturing industry is changing and new trends are shifting the way manufacturing companies operate their facilities. In addition, manufacturing companies are looking to become more sustainable in their operations. There are a variety of ways that the inventory manufacturing industry can welcome sustainability, for example looking at their p ... Read More

  June 8, 2018     

How Manufacturers Can Harness the Cloud

The way we do business is rapidly changing. Technology is shifting the way companies are producing products, interacting with customers and communicating with their staff. The amount of information and data available and exchanged across a business is expansive. Managing all this data is imperative to a business. Losing this data could be a busines ... Read More

  February 27, 2018     

Is Better Inventory Key To Manufacturing Success?

Manufacturing is relatively unique in the sense that a much higher level of inventory precision is required to successfully scale up. ... Read More

  December 10, 2016