by Vibha Menawat | May 23, 2025 | data driven, decision-making, product costing, profitability
In today’s competitive manufacturing landscape, simply meeting delivery deadlines and maintaining quality is not enough. To stay ahead, manufacturers need a clear, data-driven understanding of the true costs behind every product and customer relationship. Without this...
by Anil Menawat | May 16, 2025 | cost allocation, factory automation, indirect costs, lean manufacturing, manufacturing costs, manufacturing overhead, product costing, smart manufacturing
How Indirect Costs are Evolving in Manufacturing The manufacturing industry is experiencing a subtle yet significant transformation—one that extends beyond the production line and into the back office. While direct costs are gradually declining, indirect costs are on...
by Vibha Menawat | Apr 10, 2025 | decision-making, manufacturing costs, manufacturing overhead, product costing, profitability
Understanding what drives product costs is essential for manufacturing companies aiming to improve profitability and make informed operational decisions. Two critical factors—product profitability segmentation and the limitations of standard costing practices—play a...
