Achieving Advantage by Efficiently Managing Manufacturing Costs

This event has passed, but you can request for the recording via the blue button below. Learn how to efficiently manage your manufacturing costs in this webinar.

Webinar Title Achieving Competitive Advantage by Efficiently Managing Manufacturing Cost

Date This event has passed. Request for the recording below.

This webinar is suitable for Senior Managers, Managers, and Executives from manufacturing companies.

 

ABOUT THE WEBINAR

Cashflow has always been essential for SMEs, and every organization tries to manage their cost to the best of their ability. However, the winners are those who can manage their costs efficiently. Being able to understand manufacturing costs allows you to get a thorough picture of what really happens on the shop floor.

BOMs (Bill of Materials) are usually setup by Engineers based on theoretical data as a baseline to give an idea of what to expect. However, this baseline usually is not what it turns out to be, as what happens on the production floor involves many other variables.

Data output from all production stages need to be captured accurately to allow for further analysis. Future improvisation is only possible if we fully understand the data from all output points.

Important factors such as machine costs, labour costs and overheads need to be included in order to understand their impact on overall costing performance.

MONITOR can help with Pre & Post Production calculations. By having actual costing data, you can make detailed comparisons with the theoretical costing data and further drill down and improve each individual process.

You will be able to understand the actual costs incurred for each process, material consumption as well as time taken for each process and use this data as a future benchmark. With this, future business orders can be handled with efficient and reasonable pricing to your customers.


Key takeaways from this webinar:

1. How MONITOR can help you gather accurate manufacturing data at all levels.
2. How MONITOR can help you gain insights into actual manufacturing costs, which allows for more competitive pricing for your customers.

Data output from all production stages need to be captured accurately to allow for further analysis. Future improvisation is only possible if we fully understand the data from all output points.

Important factors such as machine costs, labour costs and overheads need to be included in order to understand their impact on overall costing performance.

MONITOR can help with Pre & Post Production calculations. By having actual costing data, you can make detailed comparisons with the theoretical costing data and further drill down and improve each individual process.

You will be able to understand the actual costs incurred for each process, material consumption as well as time taken for each process and use this data as a future benchmark. With this, future business orders can be handled with efficient and reasonable pricing to your customers.


Key takeaways from this webinar:

1. How MONITOR can help you gather accurate manufacturing data at all levels.
2. How MONITOR can help you gain insights into actual manufacturing costs, which allows for more competitive pricing for your customers.