An Activity-based costing (ABC) is a costing method that identifies overhead activities in an organization and assigns each product’s cost to each activity’s actual consumption of each. This, in the process, builds up overhead costs for products in a more logical manner than the traditional approach of allocating costs based on equipment hours. The Activity […]
This type of functional analysis was created in the 70s as a result of work carried out in parallel in Germany (the work of Professor Kohler). Its purpose is to analyze the physical principles of operation, technical and physical contradictions in technical objects (TO) in order to assess the quality of the adopted technical solutions
Manufacturing Cost: Manufacturing cost is total of costs of all assets used in manufacturing processes for producing a product. Every business should keep eyes on financial transitions in uncertain economy circumstance. if your business is suffering due to inefficient manufacturing or disable to cost-effective way, so it is time to apply ideas in manufacturing processes. “It’s
How to reduce manufacturing cost? – Useful 13 ideas Read More »
I emphasized that in the past, enterprises have always had a misunderstanding, always worried that they cannot pass the assessment and certification, which is also the contradiction between enterprises and third-party certification bodies. Beautiful misunderstanding In fact, ISO 9001 Standards originating from Europe are not so great, for example. From the customer’s point of
Standards change themselves, and they change standards Read More »
Single Minute Exchange of Die (SMED) | A technique called SMED was developed to reduce the readjustment time of equipment. For a long time, it was believed that the effective operation of the enterprise implies the maximum possible load of equipment, i.e., a long operating time of the equipment after each readjustment. To do
Start with 3S. As we mentioned earlier, in order to successfully implement 5S, we must first start with the most basic 3S (sorting, rectifying, cleaning), and then gradually promote cleaning and self-discipline after completing 3S. Because, in the field, sorting and organizing a certain type of item or work is the first step required to
Methods for Implementing 5S in On-Site Management Read More »
Lean manufacturing is the manufacturing model proposed by the Massachusetts Institute of Technology in 1990, and this production model has been applied to the manufacturing workshop of Toyota Motor Corporation in Japan as early as the 20s century and has been successfully used today. Its core content is to reduce the waste of resources within
Lean manufacturing optimises enterprise production Read More »
Cost Control in Production | Key points of Cost control – The potential for cost reduction has not been fully realised and identifies issues such as inadequate cost indicators, lack of a comprehensive cost management system. According to the reality of multi-line length and wide coverage of power production points, formulate targeted implementation measures. Such
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