In modern conditions of fierce competition, any decision in the field of quality should have an economic justification. The concept of economic assessment of Cost of Quality, adopted in the ISO 9000 series, can be considered as a tool that allows you to determine the economic consequences of decisions made within the framework of the […]
Efficient Cost of Quality Estimate – An Innovative Methodology Read More »
An Activity-based costing (ABC) is a costing method that identifies overhead activities in an organization and assigns each product’s cost to each activity’s actual consumption of each. This, in the process, builds up overhead costs for products in a more logical manner than the traditional approach of allocating costs based on equipment hours. The Activity
Manufacturing Cost: Manufacturing cost is total of costs of all assets used in manufacturing processes for producing a product. Every business should keep eyes on financial transitions in uncertain economy circumstance. if your business is suffering due to inefficient manufacturing or disable to cost-effective way, so it is time to apply ideas in manufacturing processes. “It’s
How to reduce manufacturing cost? – Useful 13 ideas Read More »
Performance of equipment | First, the equipment site for special management First of all, the technical and economic indicators of equipment management are included in the assessment of the term goals of the factory director (manager), and the decomposition indicators and specific measures are implemented to the people, linked with the economic responsibility system, and
What to do to get better performance of equipment? Read More »
Modern cost management should be macro cost management including financial cost management, production cost management and organisational cost management. Publications on financial cost management and production cost management have become very common and have their own unique features. Make an argument: What is modern cost management? Why do some companies tend to underperform?
Modern Cost Management | Significance of Organisational Cost Read More »
Cost Control in Production | Key points of Cost control – The potential for cost reduction has not been fully realised and identifies issues such as inadequate cost indicators, lack of a comprehensive cost management system. According to the reality of multi-line length and wide coverage of power production points, formulate targeted implementation measures. Such
Cost Control in Production | Efficiency and Optimization Read More »
Cost control is the art of spending money, not the art of saving. How to spend every penny properly and use every resource of an enterprise to where it is needed most is a common problem faced by enterprises in the new business era. The purpose of enterprises engaged in production and operation is
How can enterprises control cost scientifically? Read More »
