Determining the manufacturing cost is a crucial step for businesses in deciding the sale price. It also affects profits to highlight weak points in the manufacturing process. Total manufacturing cost is the sum of direct material, direct labor, and manufacturing overhead. However, many other factors…
Efficient inventory management is the backbone of the success of any business. For this purpose, businesses have several metrics that help them assess their performance and manage it accordingly. Average Inventory is a metric that estimates the value of inventory during two or more time…
Choosing the right distributor is the first thing that determines the success of your business. Why? Because a bad distributor can put you and your venture at risk, and you could face severe consequences, such as poor market coverage, lost sales, damage to brand reputation,…
You are not crazy. B2B is hard. Another gated PDF, another webinar, another “personalized” sequence. You tried cold email, LinkedIn, maybe even Reddit or X, but most of the time you either get “not interested” or straightaway ghosting. The truth is, you probably do not…
You need raw material, components, tools, and techniques to build one final product. And not once – you have to repeat this same standardized process multiple times to produce the whole batch, depending upon your customer demand and market need. Seems fun and easy, right? …