Production management has to control a variety of functions to deliver projects on time without overspending. There’s the workforce responsible for the production itself, but also the equipment used, any raw materials needed, workflows and much more. Managing all aspects…Read More
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…Read More
Manufacturing is the process of putting together a product. Yes, there are many other factors, such as costs, time, quality and more. But all of those concerns are tied to the bill of materials, which collects the pieces that’ll be…Read More
Manufacturing is based on delivering quality and quantity products to the market on schedule. Using manufacturing KPIs can help you determine strengths and weaknesses that can direct you toward improvements in all phases of your production cycle. Manufacturing KPIs are…Read More
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…Read More
Both projects and business processes consist of a series of activities that need to be planned, scheduled and tracked. A workflow diagram is one of the tools project managers and team leaders can use to map out tasks and workflows….Read More
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…Read More
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 cost and improve their lead…Read More
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…Read More
Anyone who has delivered a product or service understands the triple constraint. Time, cost and scope have to be controlled to successfully complete a project. However, there’s a fourth constraint that’s less discussed: quality. Cost of quality (COQ) helps you…Read More
Ideas are essential to product development, but they’re intangible. Turning an idea into a product requires many steps. One of the first is to create a product prototype. If you want to know what product prototyping is, you’ve come to…Read More
A project isn’t successful just because it’s been completed on time and within budget. There’s another project constraint that is critical to success: quality. Stakeholders aren’t going to be happy if the quality of the product or service doesn’t meet…Read More
Manufacturing requires an understanding of production, its phases and when you need to assemble the product you’re building. Mapping this out with a production flow chart ensures a more seamless process. What is a production flow chart? We’ll get to…Read More
All businesses have assets, and if you want to stay in business, you need to know what those assets are. To start, you have to do an equipment inventory and make an equipment inventory list. That’s not as easy as…Read More
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