As simple as it may sound to reduce manufacturing costs, many producing companies are often at a loss. But the plain fact is, it does not matter how popular your product if you can’t sell it at a profit. It pays to understand these key ways to reduce manufacturing costs and increase profitability.
Tag: product design
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Manufacturing is undergoing a huge shift some are calling the fourth industrial revolution – or Industry 4.0. Exciting times are ahead, as opportunities open up for smarter, leaner, and more innovative production processes. Just what does Industry 4.0 mean for manufacturers and their processes, and what are the exciting opportunities to look out for?
Optimizing supply chain management is no longer just a mere business function. It is a vitally important business process. Manufacturers and producers miss out on substantial profit potential by overlooking key steps to simplify, shorten, and optimize. This is what you need to know to maximize the potential of your end-to-end supply chain.
Of the many choices companies face when producing products, outsourcing manufacturing ranks among the most difficult and confusing. There are numerous benefits from utilizing manufacturing outsourcing services in many cases, but there are also pros and cons to be considered. Furthermore, there are numerous ways to outsource, and not all of them make sense in […]
Companies today are faced with a myriad of challenges, one of which is in determining when to outsource a part of the process. Product design is such an important step in delivering quality products that it can be difficult to outsource of this stage. But with bottom lines becoming increasingly tight, companies can’t always afford to keep each phase in house, and knowing when to outsource product design is vital to remaining competitive and profitable.