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Actual Versus Standard Costing: Which is Better For Your Plant?
The costs of running a manufacturing business are not always completely straightforward. When you factor in material expenses, overhead such as rent and utilities, and employee wages, how do you determine whether you are losing money or making money on
... ContinuedDELMIAWORKS Customer Intertech Plastics Inc. is Named Plastics News Processor of the Year
The innovation of our manufacturing customers was spotlighted at the Plastics News Excellence Awards ceremony on February 26, 2020. There, Intertech Plastics Inc. was named the PN Processor of the Year for 2019 while Diversified Plastics Inc. and MMI Engineered
... ContinuedHow Proper Label Controls Can Help Your Manufacturing Plant
From nutrition labels to warning labels and address labels to shipping labels, those sticky pieces of paper are pervasive in our everyday lives. And let’s not forget to mention the importance of labels and, more specifically, proper label controls when
... ContinuedTop 10 Predictions for Manufacturing CIOs In 2019
Manufacturing CIOs are now expected to be business strategists first, technical experts second as many are expected increase IT’s contributions to growth. CIOs and their teams who are the most adept at integrating analytics, Business Intelligence (BI), real-time monitoring, and
... Continued7 Tips To Consider When Selecting an MES Solution
Manufacturing Execution Systems (MES) enable supply chain networks and manufacturing to stay synchronized, scale and flex to fluctuations in demand. The best MES implementations bring greater accuracy, control, scale, and speed to shop floors and are one of the strongest
... ContinuedScaling Digital Manufacturing From Pilot To Production
92% of all manufacturers say they are either on the same level as or ahead of their peers when it comes to Digital Manufacturing. 68% of manufacturers are making Digital Manufacturing their highest priority today. Analytics for quality management and
... ContinuedReal-Time Monitoring Fuels IoT Growth In Manufacturing
72% of manufacturers say real-time monitoring is essential for streamlining and making inventory reconciliation more efficient. 69% are relying on real-time monitoring to increase the accuracy of tracking production time, downtime, total parts created, rejects and parts remaining to be
... Continued5 Technology Trends Manufacturers Are Relying On For Growth in the Second Half of 2018
Advanced analytics spending globally is predicted to grow from $136B in 2016 to $232B in 2021, attaining an 11.3% Compound Annual Growth Rate (CAGR) according to a recent study by Deloitte. 86% of the top 100 companies in R&D spending
... Continued10 Reasons Why OEE’s Importance Is Soaring Today
62% of manufacturers who consider analytics and Business Intelligence (BI) extremely valuable/very valuable have adopted OEE as one of their main metrics for measuring manufacturing performance. 58% of manufacturers say it is extremely important/very important to have OEE included on
... ContinuedRemembering Those Who Served
With Memorial Day coming up, we’d like to reflect on the courage and sacrifices of those who have served our country. Before we celebrate this holiday weekend with a backyard barbecue or a trip to the beach, we hope you’ll join us
... Continued5 Quality Metrics Predicting The Future Of Manufacturing
Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks The future of manufacturing is
... Continued2018 Is The Year Customer-Driven Quality Redefines Manufacturing
88% of B2B customers say that quality is the most important factor in their decision to remain loyal to a manufacturer or brand according to Data, Strategy & Technology. 89% of manufacturers rely on Cost of Quality to improve customer
... ContinuedHow Excelling At Cost of Quality Accelerates Company Growth
67% of the executives believe Cost of Quality is essential to excel at if their companies are to stay competitive in an era of rapid globalization (Kaur, 2009). 89% of manufacturers rely on Cost of Quality to improve customer satisfaction,
... Continued10 Ways Manufacturing Intelligence Is Revolutionizing ERP In 2018
ERP’s inflection point has arrived, and it’s delivering Manufacturing Intelligence and insights that are revolutionizing operations management from the shop floor to the top floor. Measuring, monitoring and improving every aspect of shop floor operations opens up new opportunities for
... ContinuedIQMS Video Tribute to Our Veterans
In honor of Veteran’s Day, IQMS has produced a short video that highlights just of few of the veterans on our staff. We would like to take this opportunity to give thanks to all veterans and active duty personnel who have served our country. This
... Continued