The realm of production optimization is as diverse as there are different manufacturing workflows. Optimizations can range from changing inventory and warehouse layouts to adopting machine learning and advanced AI. In this post, we look at the basics of production optimization with a focus on how small manufacturers can optimize their processes.
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 manufacturing cost and its utility to manufacturers.
Product variants are versions of products with variations in attributes such as color, size, material, features, pricing, etc. Even though selling a product with variants is quite clear-cut, managing their production can be a real headache. You can also listen to this article: What are Product Variants? Product variants are different versions or variations of […]
Production capacity is an essential metric for any manufacturer planning their production. Knowing it helps to provide customers with more accurate lead times and can be a great aid in forecasting cash flow. In this post, we look at what production capacity is and explore different ways how to calculate it.