How can you reduce cost of goods in manufacturing? How do you measure cost of goods?
Increase profit margin
Company profit margin is directly related to cost of goods and the prime driver behind cost reduction initiatives.
Ensure business sustainability
Companies focussed on long term reputation and brand value need to invest in sustainability. Reducing excess costs enables such investment.
Increase customer satisfaction
Reducing costs via reduced raw material costs or improved efficiency contributes to improved customer service (faster order fulfilment, competitive pricing etc).
Manufacturers can be slow to adopt new technologies which can contribute to improved efficiencies and reduced costs. Cimlogic support clients in achieving goals in areas such as:
- Reducing the order management cycle (from order to delivery)
- On time delivery
- Improving product quality
Cimlogic’s expertise in lean manufacturing and Six Sigma enables clients to understand how to make consistent, high quality products, efficiently and economically, taking into consideration factors such as labour, inventory, and capacity.
How does Cimlogic help you to achieve this goal?
Explore more business goals:
Making Sustainable Manufacturing Work For You
Read this blog as we discuss sustainable manufacturing in heavily regulated industries such as Food & Beverage, Pharmaceutical & Life Sciences, and the increasing use of digital technologies to meet sustainability and corporate social responsibility goals.Find out more
Sustainable Manufacturing – more than just a buzzword
Read this blog as we discuss what different steps and initiatives can be taken to achieve sustainable manufacturing goals.Find out more
How can Machine Learning solve your quality challenges?
Steve Wilkinson, Chief Technical Officer at Cimlogic shares batch process improvements discovered during a recent client project in this latest blogFind out more
You may be interested in
Article: 20 Years of OEE 20 Lessons Learned
Are you embarking on an OEE journey, but not sure where to start? Download the ’20 years of OEE, 20 Lessons learned’ guide for expert advice on what makes a successful OEE project, and how…Find out more
White Paper: The Executive Guide to Leveraging OEEFind out more
Download the TrakSYS™ brochure to learn more about the capabilities of the TrakSYS™ MES platform and how it can help your organisation embrace digital manufacturing.Find out more