Production capacity is an essential metric for manufacturers. It informs their production planning, helps them give their customers more accurate lead times and forecasts cash flow. To better understand production capacity, we’ll define the term and go into greater detail…
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Manufacturing isn’t free. There are various costs involved in the production of any product. 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…
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Manufacturers have to do more than produce a product, they also have to manage their operations. If they can’t do that, then they won’t have a successful business. That’s why manufacturing operations management is so important—it keeps the lights on….
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Certain manufacturers use a recipe to combine materials to deliver products. This is called process manufacturing and is a production method that’s common when producing in bulk. To better understand process manufacturing, let’s first define the term and explore the…
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In a sense, project management is a service industry, and the people that project managers serve are the clients. The client is the reason for a project, the spark that sets it off and then later glows with satisfaction when…
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People have been manufacturing goods for a very long time. From working with hands to using machinery, the advances in manufacturing aren’t isolated to tools but also methods. There is process manufacturing, which mixes ingredients, and the other major method…
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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…
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Projects are expensive. There are labor costs, material costs, overhead and operational costs. 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…
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Lean manufacturing addresses one of the worst things that can happen to any enterprise: waste. To not take full advantage of all of your resources is to lose efficiencies and, in so doing, stunt production and fail to offer value…
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For as long as there has been manufacturing, people have been working to increase efficiency. Faster and better production leads to greater profits and competitiveness. Using technology to achieve efficiency is called advanced manufacturing. As technologies have become more innovative,…
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Production capacity planning is an issue of supply and demand: one that can decide the fate of your project or production line. Read on to learn about the capacity planning strategies and capacity management best practices you can use to…
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To deliver goods to market on time, manufacturing teams have to consider the supply chain, inventory management, resource planning and production planning, to name a few. Managing this juggling act requires production scheduling software that’s flexible and powerful. The following…
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Projects are planned and scheduled, but that’s just the preamble to the real work. Executing projects to meet deadlines without overspending the budget requires a project manager to understand resource availability. It’s part of the larger process of resource management….
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