People have been manufacturing goods for a very long time. From working with hands to using machinery, the advances in manufacturing aren’t isolated to tools but also methods. There is process manufacturing, which mixes ingredients, and the other major method…
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Getting a product from an idea to the marketplace is a long journey that’s mapped in the production process. Another way to look at the production process is as a series of detailed steps that take you from one point…
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Projects are expensive. There are labor costs, material costs, overhead and operational costs. When a contractor bids on a project or a manufacturer takes on a job, they need to have an accurate forecast of the price for the project…
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For as long as there has been manufacturing, people have been working to increase efficiency. Faster and better production leads to greater profits and competitiveness. Using technology to achieve efficiency is called advanced manufacturing. As technologies have become more innovative,…
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Projects are planned and scheduled, but that’s just the preamble to the real work. Executing projects to meet deadlines without overspending the budget requires a project manager to understand resource availability. It’s part of the larger process of resource management….
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Production and manufacturing are often seen as the same thing. While they’re related, the two have distinct definitions. It’s important to understand the differences, especially if you’re involved in the manufacturing industry. Let’s explore production vs. manufacturing. Of course, it’s…
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Planning and scheduling production is just the starting point in manufacturing. Once the production line is in action, managers need to keep a close eye on what’s happening to ensure they’re meeting the production schedule and delivering goods on time…
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Manufacturers need to have a process by which to make or assemble their products. Before they go into production, therefore, they must engage in what’s called process planning. This is an important step before manufacturing and must be thoroughly understood….
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The best things in life are free, but manufacturing goods cost money. The cost of production of those products isn’t as straightforward as it might seem. The sum total investment that it takes for a business to create a good…
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Whether you’re a big or small business and no matter what product you manufacture or service you provide, you’re always looking to deliver the highest quality and greatest value for your customers. One way to achieve these goals is through…
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Every business needs resources such as labor, raw materials, equipment and other inputs. Your team uses resources to execute a variety of projects such as making products or providing services. These resources must be purchased by your organization, and the…
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A key goal in manufacturing is to get products to market faster while keeping costs down, which is why many manufacturing companies embrace just-in-time manufacturing (JIT). JIT helps manufacturers streamline production planning, reduce their production costs and improve their lead…
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Manufacturing requires the right balance of many factors. One of the most important is inventory management—the materials and components needed for the manufacturing process. The more efficiently a company handles its material requirements, the more profit it will find. And…
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