It’s crucial that you know how many types of costs your project consist of.It’s important in helping you make plans to reduce the overall supply chain cost. Cost of goods manufactured is one of the costs. Read and know how you can reduce it.
A lean supply chain is the epitome of a highly efficient and effective supply chain. So what is a lean supply chain? How can a lean supply chain help you cut your product and project costs?
The term overheads on the invoice sent by your supplier, what is it? What does it even mean? Why are you paying for it? Do you have ways to reduce it somehow? Get the answers to your questions now.
A penny saved is a penny earned. On the manufacturing front, it couldn’t be more true. Reducing product costs to save overall expenses is one of the eternal goals of the project management. Let’s see where to start.
Purchase price variance is a good indicator to measure the effectiveness of your company’s product spending. A positive PPV means that you spend less on product materials, and earn the competitive edge for your business.
The bill of materials is crucial to get your product built right, and no one wants to risk facing wrong assemblies purchased, failed product built, or no product at all. So how to write a good BOM to make sure that you’re on the right track?