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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?

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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.

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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.

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Best Cost Control Techniques

ProjectManager.com

Whether you’re managing a project in construction or manufacturing, keeping costs down is paramount. This is why in project management and business in general cost control is so important. Learn how cost control can help you better manage construction or manufacturing projects. It’s as simple as that. Seek it out.

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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.

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Production Capacity: Formula, Examples

ProjectManager.com

Production capacity is an essential metric for manufacturers. To better understand production capacity, we’ll define the term and go into greater detail as to its importance in manufacturing. We’ll end with several ways in which manufacturers can increase their production capacity and how software can help with planning.

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How to Solve the 5 Top Challenges of Manufacturing Projects

LiquidPlanner

When you work through manufacturing projects, you face some unique challenges, often with a lot at stake. You have to deliver your product at consistently high-quality standards, navigate end-to-end supply chains and manage strict time-to-market deadlines driven by eager customers or seasonal demands. Managing Stakeholder Expectations.