Tag Archives: costs

How Can Manufacturing Companies Reduce Costs?

As a manufacturer, you likely have to deal with large investments and the high costs of production, which is also referred to as the Cost of Poor Quality (COPQ), that often represent one of the biggest issues in the industry. If that is the case, finding new, smart ways to save money in an effort to increase your profit margin might be your number one priority. How can manufacturing companies reduce costs? Continue reading How Can Manufacturing Companies Reduce Costs?

Why is Automation Important in Business?

Every business should embrace new trends of technologies to make it in today’s competitive markets. One of the technologies most people are implementing in their business is IT automation. Automation tools help businesses to reduce manual intervention. Learn about why  automation important in business. Continue reading Why is Automation Important in Business?

How Do Procedures Reduce Compliance Costs?

Writing procedures is an exercise in controlling compliance costs. You’re trying to comply with customer expectations, management objectives, government regulations, and/or industry standards, making compliance expensive. Regardless of the reason for compliance, wouldn’t you want to write as few procedures as possible if you could still conform to the compliance mandate and keep your compliance costs to a minimum? Continue reading How Do Procedures Reduce Compliance Costs?