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. What are the hidden costs of offshore manufacturing? Continue reading What are the Hidden Costs of Offshore Manufacturing?
Tag Archives: manufacturing
What are the Reasons Businesses Fail?
Most businesses fail. There are a whole host of reasons why, but it usually boils down to a lack of understanding of the basic rules of business. This blog will look at some rules that most businesses ignore, but that can make or break the success of a business. What are the reasons businesses fail? Continue reading What are the Reasons Businesses Fail?
How Do You Turn Innovative Ideas Into New Products?
Do you have some innovative ideas for new products but don’t know how to make them a reality? Don’t worry; you’re not alone. Many people have amazing business ideas but don’t know where to start. This blog post will discuss 5 ways to make your product ideas a reality. How do you turn innovative ideas into new products? Continue reading How Do You Turn Innovative Ideas Into New Products?
What are the Responsibilities of Maintenance Manager?
Any given organization has different departments; however, the asset-intensive ones have a particular department in common — the maintenance department. What are the responsibilities of maintenance manager? Continue reading What are the Responsibilities of Maintenance Manager?
What are the Technologies Transforming Manufacturing?
It’s an undeniable fact that the fast pace of technological progress is one of the most defining traits of our modern-day civilization. What would seem barely a century ago like unholy magic only tricksters can do now is not only perfectly normal but, more importantly – ubiquitously available like technology improving the efficiency of business. What are some of the technologies that have transformed manufacturing?
Continue reading What are the Technologies Transforming Manufacturing?
What Does Continuous Improvement Mean in Manufacturing?
Even though external influencing factors are improving for manufacturing, successful companies are constantly looking for ways to refine the production process. Manufacturers can increase efficiency even more this year. What does continuous improvement mean in manufacturing?
Continue reading What Does Continuous Improvement Mean in 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? And what are the 3 core process flows within your organization all about?
Continue reading What Are the 3 Core Process Flows within Your Organization?
What Operational Metrics are Used to Run a Business?
Tracking operational metrics is an excellent place to start to keep watch on how your business is running! What gets measured, gets managed; but, what should you measure? There are many operational metrics that you should be measuring to enhance operations and keep your business working. Read on to find out what operational metrics are uses to run a business?
Continue reading What Operational Metrics are Used to Run a Business?
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?
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