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Topic: manufacturing costs

Digital Manufacturing and the Smart Factory in 2021

From operational intelligence to additive manufacturing, mass customisation and speed – digital manufacturing is changing the way companies manufacture products through the use of digital technologies that allow for far greater control and adaptability to the way things are conceptualised and produced. Let’s explore some of the key aspects ... Read More

  June 3, 2021     

OEM vs ODM explained – what’s best for manufacturers?

As a manufacturer, you will likely see two acronyms used a lot when referring to potential business models. These are OEM and ODM, and there’s a lot of discussion these days around which is which – and whether one is better than the other. OEM stands for Original Equipment Manufacturer, and ODM stands for Original […] ... Read More

  June 1, 2021     

12 Benefits of Additive Manufacturing and 5 Disadvantages

Ambitious manufacturing businesses that want to boost their R&D could turn to additive manufacturing. In this article, we’ll explore the different types of additive manufacturing, the benefits and weaknesses, as well as some industries that could benefit from additive manufacturing. What is additive manufacturing? Additive manufacturing ... Read More

  May 27, 2021     

Sustainable Manufacturing: The ultimate guide for SMEs

Sustainable manufacturing is at the forefront of good manufacturers’ plans. This article will take a look at what is sustainable manufacturing, some examples across various industries, and how SMEs can plan for sustainable manufacturing. What is sustainable manufacturing? Sustainable manufacturing is the process of manufacturing in a way that ... Read More

  May 25, 2021     

What is a Bill of Materials? Here’s What You Need to Know

For manufacturers, wholesalers and distributors alike, a Bill of Materials is something absolutely necessary. In this comprehensive guide, we’ll explain what bills of materials are, why they’re important, and: What goes into a BoM How to set a BoM up in Excel How to set it up in Unleashed Software Benefits of a bill of […] ... Read More

  May 18, 2021     

Flexible manufacturing in 2021 – flexible manufacturing systems explained

Manufacturing goods and products can be monumental task; heavy on a company’s precious time and resources, particularly as a business grows. Luckily, advances in technology have helped many manufacturers cut down on the time and effort it takes to finish a batch of products, in turn, helping them maintain a competitive edge in their industries [& ... Read More

  May 13, 2021     

Batch Production Explained

From what batch production is, to its advantages and disadvantages in the manufacturing process and which industries it suits best – here’s all you need to know about this popular method of product assembly (as well as how batch tracking helps to improve profit and outcomes for businesses). What is batch production? Batch production involve ... Read More

  May 6, 2021     

What is good manufacturing practice, and why is it important?

Around the world, good manufacturing practice (GMP) defines and controls how manufacturers in certain industries should maintain quality control and reduce the risk they will produce a faulty product that causes harm. But what is good manufacturing practice, and why is it important? What is good manufacturing practice? Defining good manufacturing p ... Read More

  April 22, 2021     

How To Reduce Manufacturing Costs – The 10 Best Ways

The best way to reduce manufacturing costs 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 manufacturing costs – without lowering their output or [&helli ... 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