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 manufacturing costs, Manufacturing productivityThe 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 manufacturing, manufacturing costs, Manufacturing productivitySustainability 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 manufacturing, manufacturing costs, sustainableHow 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 cloud computing, cloud-based, manufacturing, manufacturing costsIs 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 assembly costs, cost visibility, lean inventory, manufacturing costs, perpetual inventory