WasteThe concern about negative impacts resulting from the production of natural aggregates and cement in the production of concrete, as well as the possibility of shortage of these materials, motivates for the search for alternative materials. Among these materials, several studies have evaluated the...
One metric of lean manufacturing tracks is production capacity because the goal of the methodology is to reduce waste and produce only what’s needed. Waste, in terms oflean manufacturing, is anything that doesn’t add value to the customer. Therefore, lean manufacturing techniques help production...
Relevance in Financial Performance: Knowing what COGS is and how to calculate it accurately over a specific accounting period gives businesses a better understanding of their overall financial performance. If COGS is increasing, it might indicate a need to look for cheaper suppliers or improve operati...
RTY is primarily used by manufacturing managers to gauge the quality of their products and assess the efficiency of their processes, and it works quite well for these purposes. It’s part of theSix Sigmamethod, an organizational system for improving business processes to eliminate waste and create...
Total manufacturing cost is an essential metric for understanding the profitability of a business. It can be used to adjust the selling price of your products, identify and cut expenses, and calculate other key metrics like the Cost of Goods Manufactured. In this post, we explore total ...
Hidden costs of outsourcing manufacturing Later in the article, we will also walk you through the steps on how to manufacture a product, including: How to find a manufacturer in China How to choose a supplier in China How to calculate manufacturing overhead How to request a quotation from sup...
It's not unusual for a machine to have a lower reliability score than an availability score. Taken together, they play an important role and are yet another way multiple metrics can drive process improvement. However, to calculate OEE, only availability is used. ...
We show you how to quantify resume achievements in 2025 and give examples of the types of accomplishments you can highlight with hard numbers.
Companies are realising the importance of sustainability in their supply chains. And it’s not just about improving supply chain efficiency orreducing waste in the supply chain. Businesses like Glen Dimplex, one of the largest privately owned manufacturing companies in Ireland, are demonstratin...
The Manufacturing Orders (MO) functionality allows you to keep a meticulous ‘paper trail’ of each production run that helps to identify where things went wrong, the amount of waste and scrap, and more. Supplier performance management MRP software allows you to track various metrics related to ...