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How to Reduce Overhead & Risk in the Manufacturing Industry
Reducing Overhead and Risk for the Manufacturing Industry Considerations are vast in the reduction of overhead and risk for the manufacturing industry. Especially when you’re looking at adapting your business to dynamic market shifts. We are here to help simplify the process. What Is Overhead and Risk in the Manufacturing Industry? In simple terms, overhead is the sum of ongoing business expenses not associated with the production process. Manufacturing overhead such as plant costs, salaries Selling and administrative costs Corporate salaries Risk refers to the risks incurred by manual processes, which can be broken down into three key areas. These...
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How to Eliminate Margin Leakage in the Manufacturing Industry
Eliminating Margin Leakage in the Manufacturing Industry Margin leakage can have a devastating effect on your profits, leaving your “pocket price” – the amount of money you receive after all discounts and incentives have been accounted for – way below the value stated on your price list. Margin leaks range in threat level from drips to torrents, but as anyone who’s ever experienced a weeping pipe will attest, a drip can be every bit as damaging as a flood! In this article, we identify the critical sources of margin leakage in the manufacturing industry. And explore how the manufacturing...
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How Pricefx Can Enhance Growth Opportunities in the Manufacturing Industry
CMO, Patrick Moorhead sat down with Lewis Weiss and Tim Grady of Manufacturing Talk Radio. Mfg. Talk Radio is a weekly talk show where guests ranging from government officials to leaders in a wide range of topics are invited to speak on significant areas of interest affecting the manufacturing industry today. You can listen to Patrick’s conversation with hosts, Weiss and Grady, as they discuss how to unlock the value of PriceOptimizer, PriceManager, & QuoteConfigurator in the manufacturing industry. Then, Patrick outlines how we helped John Crane, a leading provider in engineered technology, to achieve a 163,000% gain in efficiency....