Manufacturing guide

Throughput is one of the most important metrics to track for your processes. Manufacturers are always asking, “How...

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GAAP (generally accepted accounting principles) dictates that the total cost of finished goods and works in progress that...

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Production efficiency is a metric that every manufacturer should be monitoring closely. It considerably impacts your bottom line,...

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Total manufacturing cost is the measure of exactly how much it cost the company to produce its final...

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Improving the manufacturing process is a crucial step in achieving production line efficiency and ensuring that the factory...

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Total production cost is the total cost of the entire production line and includes the costs of the...

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Manufacturing cycle time is the total amount of time that it takes to create a finished product. This...

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OEE, or overall equipment effectiveness, is the best way for a factory to measure its productivity. Measuring OEE...

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Calculating product cost is important for factory management to understand the expenses involved in creating a specific product....

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Direct material cost is the total cost to a company of all of the raw materials needed to...

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How To