Part one of a two-part series about the advantages of Manufacturing ERP Software. The Manufacturing Industry continues to grow and with growth comes challenges to meet the needs & expectations of the customers. To manage regulatory compliances & to stay … Continued
Inventory management represents one of the most important–and, oftentimes, most challenging–administrative aspects of manufacturing. Inefficiencies, and inaccuracies in inventory management can be quite costly and time-consuming to set right, which underscores the importance of ensuring that everything runs smoothly. In … Continued
Tool and die manufacturing primarily involves the creation of tools used in other manufacturing processes. These are generally used as components of larger machines. For example, the cutting edges of blades and tips used for cutting and shaping materials, molds … Continued
In every manufacturing enterprise there are three basic costs that must be immediately considered as an owner assigns a value to a product. First, there are the direct material costs. This refers to the cost of the “raw materials” that … Continued
In the process of making a product, there are three basic expenses: direct material cost, direct labor cost, and manufacturing overhead cost. The sum of these three costs is referred to as the “manufacturing cost” of a product. This total … Continued