Learn how the flow of costs impacts manufacturing firms, covering raw materials, work-in-process, finished goods, and cost of goods sold with practical examples and methods.

One piece flow processes are a type of optimization method that possess some significant advantages over batch processing, especially with respect to waste reduction, time reduction and increased ...

Business process outsourcing involves the outsourcing of business functions to external companies. To clarify, many companies outsource tasks to external providers. An example may be hiring a ...

Learning the basics can ease loop tuning frustration and ensure stability. During plant operations, it seems that tuning control loops is an ongoing task, which can be a continual frustration to ...