Manufacturing requires a lot of attention to detail and coordinating various moving parts to deliver the final product. In order to accomplish those goals and meet a tight deadline and an even tighter budget, you need these 14 free manufacturing…
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Products have a lifespan just like everything else. After they’re born, they develop, mature and eventually die. That journey is called product lifecycle management. Like any aspect of creating a product, it involves many processes. Product lifecycle management is the…
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The bottom line is often emphasized when talking about how to keep a business solvent. But focusing only on money disregards the processes that contribute to profits. Operational efficiency is another way to look at work when you’re delivering a…
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By the time a product shows up on the shelf, it’s been through a much longer journey called the manufacturing cycle. Each product is manufactured from raw materials that need to be procured before the product hits the market. The…
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Producing things isn’t cheap. There are so many costs that occur during production that it can be hard to track them all. These costs are what is called manufacturing overhead. Let’s define manufacturing overhead, look at the manufacturing overhead formula…
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When you buy something new, it’s already been around for a while. By that, we mean that the product started as an idea, was created using materials and labor and was transported to the retail location in which it can…
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Contract manufacturing lets businesses, which may not have the resources or the funds to invest in heavy machinery, collaborate with other companies to fill orders. Let’s take a closer look at the types of contract manufacturing and some examples of…
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Industrial processes are used in heavy manufacturing industries during large-scale projects. Having robust and efficient industrial processes is instrumental in a modern manufacturing business. Let’s explore a deeper definition of industrial processes and then break it down into different types….
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All of your resources need to be in top form to achieve the goals and objectives of your work. When it comes to equipment, there’s an approach to this called total productive maintenance (TPM). Total productive maintenance helps you achieve…
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If you’re a manufacturer, you need to know about supplier relationship management (SRM). Your business depends on getting products to a target audience. That can’t happen without a steady stream of raw materials and other necessary supplies. That’s why managing…
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Manufacturing is an all-encompassing industry that touches everything, from food production to biotechnology to building materials. From the moment you wake up to the moment you go to bed, you interact with the manufacturing industry. At the core of all…
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Everything you need for your manufacturing process is a resource—people, materials, equipment, software, facilities, etc. And whatever you’re making, you need to manage those resources to do it. That process is called manufacturing resource planning (MRP II), and it’s a…
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Businesses are always looking to balance supply with demand to remain competitive and profitable. But charting the flow of supply and demand sometimes feels impossible. You can’t predict the future, but you can make accurate forecasts about supply and demand…
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