Posts Tagged ‘tracking’

Quick Tip: Accurate Inventory Tracking

How to Ensure Accurate Inventory Tracking   PROBLEM How many times have you lost parts and had to re-make them because you had no idea where they were located? As parts are constantly moved around, you need real-time data collection to know exactly where your parts are in order to reduce redundancy and the need to…

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Classification Of Costs – Direct and Indirect Costs

Direct and indirect costs are two more costs which are involved in running a business.  Direct costs are those costs directly associated with the manufacturing or production of a product.  This includes labor that is directly related to making the product and purchased materials which are directly related to making the product. Engineering costs can…

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