Manufacturing

Manufacturers: Recoup Some Capital Investment

Manufacturers: Recoup Some Capital Investment Take a look around. If you’ve been building up piles of scrap, excess raw materials, obsolete equipment, returned inventory and spare parts, you probably need an investment recovery program. Idle assets have value to someone and selling them off makes sense. As much as 70 to 90% of every dollar…

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Track Inefficiencies and Control Costs

Track Inefficiencies and Control Costs If you’re like most manufacturers, you don’t track order-processing. Yet focusing on this performance metric can identify operational inefficiencies that are cost-cutting opportunities. And continued monitoring lets you keep those costs in check and predict future outlays. Customer order management means different things to different people. It may be limited…

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Manufacturing: Fight Back Against Internal Fraud

Manufacturing: Fight Back Against Internal Fraud Internal fraud drains approximately $4 trillion dollars annually from global businesses, according to the Association of Certified Fraud Examiners (ACFE). According to ACFE’s latest Report to the Nations, the median internal fraud loss in manufacturing and production companies is $240,000. Although companies can experience pilferage from customers, vendors and…

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Get on the Cutting Edge of Inventory Control

Get on the Cutting Edge of Inventory Control It’s a rare business owner who doesn’t want to lift profits, reduce the cost of holding inventory and boost cash on hand. Two of the smartest, cutting edge ways of managing stock can help you do that — the “just in time” and “accurate response” systems. Just…

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