In resource-heavy industries like construction and manufacturing, managing project costs effectively is critical for profitability and long-term success. Without a structured costing method, it’s easy to lose track of how money is spent across labor, materials and equipment. Choosing the…
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To deliver goods to market on time, manufacturing teams have to consider the supply chain, inventory management, resource planning and production planning, to name a few. Managing this juggling act requires production scheduling software that’s flexible and powerful. The following…
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All businesses want to improve, or at least they should do so constantly to be competitive. Complacency might feel good in the moment, but that moment quickly passes, especially in the business world. Don’t be left behind. The question is…
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Whether you’re running a small business, managing inventory or launching a new product line, a well-designed order form is essential for streamlining purchases and keeping operations organized. The right order form template not only helps capture customer information and item…
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Keeping your employees engaged and on task is, well, no easy task. They say one bad apple can spoil the whole bunch—and it’s true. A bad hire can cost your business valuable workplace productivity, not to mention nearly 20 percent…
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For any company to profit from a product, there must be a strategic plan in place to produce just enough to meet that need. Create too few products, and there’s a missed financial opportunity. Create too much, and money is…
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Total Quality Management (TQM) works to maintain success by doing what is necessary to improve customer satisfaction. Of course, that satisfaction is seeded in employees and business processes—long before any product or service reaches its customer. How does a business…
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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…
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What Is Logistics Management? Logistics management is the process of managing the activities that are required to transport goods from its source to the final customer. That process involves a series of logistics activities such as order processing, material handling,…
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Projects are expensive. There are labor costs, material costs, overhead and operational costs. When a contractor bids on a construction project or a manufacturer takes on a job, they need to have an accurate forecast of the price for the…
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Delivering a project is a process, and organizing the activities in that process is how projects are successfully delivered. A swimlane diagram is one of the tools to visually show the multiple participants’ workflows and make them easier to understand….
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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…
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Managing inventory is critical whether in manufacturing, retail, construction or any industry that lives and dies by having the right resources when needed. An inventory template is a structured tool that helps record, manage and track inventory items. Using an…
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