Measuring the ROI in manufacturing is key to being profitable and being able to stay in business. To understand this metric an engineer, analyst or business owner will need to look at several main areas to break observations down into actionable information. Here’s what you need to know about measuring ROI in manufacturing.
How to Analyze the Cost?
To determine the ROI on the purchase of new manufacturing equipment, you’ll first need to examine the costs. Here is a sample list of considerations to determine..
Businesses purchase equipment all the time. How often does a buyer really think about what goes into excellent manufacturing equipment design? The fundamental question of what makes for effective or even “great” design can carry profound implications for your production line.
What Makes Manufacturing Equipment Great?
There are a handful of key factors that go into determining great design in manufacturing equipment. These factors are important to consider both before making a new purchase.
When you’re bringing new products to market, it’s essential to consider the entire production lifecycle before moving towards manufacturing. Keeping the manufacturing and assembly in mind when designing the product can save time and money during the production process. As the final price of the product can determine its viability, finding the optimal design for manufacturing (DFM) will aid in balancing the productive-efficiency curve.
DFMA – Design for Manufacturing and Assembly
Finding lean manufacturing and assembly processes isn’t exactly simple. Once the functional design of..