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?
Tag Archives: manufacturing
How Large-Scale Manufacturers Can Increase Efficiency
It took a while, but large-scale manufacturing in the United States is in the midst of a resurgence. There are still issues with productivity and technology, among others, that hamper companies. A few important tweaks can turn things around. Here is how large-scale manufacturers can increase efficiency. Continue reading How Large-Scale Manufacturers Can Increase Efficiency
What is the History of Innovation in the U.S.?
Innovation means being willing to look at what you’re doing from a fresh perspective or to think outside the box. Innovation fuels improvement: improved products and features, improved methods, and improved knowledge. What is the history of innovation? Continue reading What is the History of Innovation in the U.S.?
What Are Common Misconceptions About Lean?
Some companies have used lean with great success, yet many companies still don’t use lean principles, aren’t aware of what lean is, and don’t want to get involved with it. What are the common misconceptions about lean? Continue reading What Are Common Misconceptions About Lean?
What Are the Hidden Costs of Offshore Manufacturing?
Are your offshore facilitates really less expensive? It all depends on how you are calculating your Total Cost of Ownership (TCO). Your TCO calculation should include all the hidden offshore manufacturing costs your new strategy will experience over the life of the project. Continue reading What Are the Hidden Costs of Offshore Manufacturing?
What Are the 3 Core Process Flows Within Your Organization?
There are three core process flows within your company: your cash cycle, your manufacturing (or fulfillment) cycle, and some have a design cycle. What is the difference between these important cycles? How does design flow differ?
Continue reading What Are the 3 Core Process Flows Within Your Organization?