Remove Estimate Remove Manufacturing Remove Process Remove Risk
article thumbnail

How to Calculate Total Manufacturing Cost

ProjectManager.com

Manufacturing isn’t free. Being able to make accurate estimates of your manufacturing costs is critical to a company’s profitability and competitive advantage. Before work hits the production line, one must know how to calculate manufacturing cost. What Is Manufacturing Cost?

article thumbnail

10 Free Manufacturing Excel Templates

ProjectManager.com

Manufacturing requires a lot of attention to detail and coordinating various moving parts to deliver the final product. In order to accomplish those goals and meet a tight deadline and an even tighter budget, you need these 10 free manufacturing Excel templates. ProjectManager has dozens of free templates to download.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Production Process: Steps & Types

ProjectManager.com

Getting a product from an idea to the marketplace is a long journey that’s mapped in the production process. Another way to look at the production process is as a series of detailed steps that take you from one point to the next until you’ve completed the process. What Is a Production Process?

Process 252
article thumbnail

What Is Contract Manufacturing? Examples & Types

ProjectManager.com

Contract manufacturing lets businesses, which may not have the resources or the funds to invest in heavy machinery, collaborate with other companies to fill orders. Let’s take a closer look at the types of contract manufacturing and some examples of how it works! What Is Contract Manufacturing? Types of Contract Manufacturing.

article thumbnail

Best Cost Control Techniques

ProjectManager.com

Whether you’re managing a project in construction or manufacturing, keeping costs down is paramount. Learn how cost control can help you better manage construction or manufacturing projects. Cost control as a process begins with budgeting. Estimating can be daunting. The lower your costs, the higher your profits.

article thumbnail

What Is Job Costing? When to Use a Costing Sheet (Example Included)

ProjectManager.com

When a contractor bids on a project or a manufacturer takes on a job, they need to have an accurate forecast of the price for the project to make a profit, which is why job costing is so important. By looking back at past estimates and comparing them to actual costs, you can make more accurate estimates when planning for a similar project.

article thumbnail

Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

Kanban is from Japan, originating in the factories of the Toyota car company in the 60s as a lean manufacturing tool for workflow and inventory management. The name kanban means billboard in Japanese, and you can see why, as the process involves placing tasks represented by cards on physical or digital kanban boards. What Is Kanban?

SCRUM 411