What is Manufacturing Overhead?

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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

What is Manufacturing Cost and Nonmanufacturing Cost?

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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

35 Years of U.S. Manufacturing Data

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Nice graphical representation of the U.S. Manufacturing industry. The Total Manufacturing numbers for the U.S. have had a 127.10% gain since 1980, fantastic! Yes, the face of the U. S. manufacturing industry continues to change but the strength of U.S. … Continued

A Look at US Manufacturing Statistics

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According to the June report on US Manufacturing Statistics manufacturing remains strong and hit its highest for 2014. New orders for US manufacturing sectors in automobiles, computers, chemicals and other products caused the index to reach 55.3%. American manufacturers don’t … Continued

Is Advancing Technology a Double Edge Sword?

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      I came across an article this morning that indicated, according to reports published Thursday, computer giant Hewlett-Packard (HP) could cut as many as 30,000 jobs to compensate for dwindling demand for personal computers as more people are … Continued

Dealing With the Labor Shortage in the Manufacturing Industry

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      As I was researching and posting relevant (I think) information regarding the lack of skilled labor to accommodate the growth in the manufacturing industry. I came across several articles, but one that really caught my attention. Please … Continued

A Great Article that offers a view into the Manufacturing Engineering Workforce

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I’ve been posting about manufacturing returning to the United States and the concern over whether the manufacturing industry will be able to handle the load due to a shortage of skilled workers. I read this article, A glimpse into the Engineering … Continued

Tool and die makers desperately casting for workers

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An interesting article regarding the Tool and Die industry. Once again, good news on the manufacturing front, but more concern of a shortage of workers to accommodate the growth. Read the article here.

Reshoring Could Create 2-3 Million Jobs by End of Decade

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I’m reading another article on reshoring, or bringing manufacturing back to the U.S. This article is particularly interesting because it talks about the possibility that reshoring could create 2 to 3 million new jobs by the end of the decade. … Continued