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Process improvement and margin management
Margin management has become increasingly important in a period of volatile pricing for commodities and materials. Thriving companies succeed in part because they continually establish higher benchmarks to force improvements; many of them cite process improvement initiatives as a top reason for their success. These companies achieve increases in productivity improved labor utilization and enhanced equipment utilization.
Rising revenues do not always mean increased profits. Margin analytics can help manufacturers prioritize opportunities and identify risks.
In a quickly changing world, multiple factors are making it difficult for manufacturers to hit their target profit margins.
When developing plans to expand or improve facilities, manufacturers should take an approach that includes analysis of tax opportunities.
Mobile devices, social media, cloud solutions, big data and the Internet of Things are disrupting the way business is being done.
Big data offers the ability to evolve your organization across many areas and utilize your data to its full potential.
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News, trends, and insights for manufacturing and distribution executives.