Lumsden McCormick CPA’s Post

How to Calculate Total #Manufacturing #Costs

Reduced Cost of Production: Contract manufacturing provides companies with access to specialized facilities and equipment without the overhead costs associated with ownership. By leveraging economies of scale and outsourcing non-core functions, businesses can significantly reduce their production expenses. https://lnkd.in/ezmRmSPe #manufacturing #contractmanufacturing #productioncost #costsavings

In an era marked by rapid and unprecedented transformation within the #automotive industry, the key to not just surviving but thriving lies in redefining the core of business operations: #procurement. I recommend reading this whitepaper by #INVERTO to learn how #procurement is at the sharp end of many of the industry’s most pressing challenges. INVERTO | A BCG Company

Cut down on manufacturing costs and turn inefficiencies into real productivity. Our high-performance operations consultancy uncovers constraints and delivers remarkable data-driven gains without the need for capital expenditure. We consistently help manufacturers reduce materials costs by 10-20%, alongside labor costs which lead to 20-40% improvements in efficiency. See what we can do for you: https://bit.ly/49AGjWx #manufacturing #operations #costsavings #redefiningpossible

𝐒𝐥𝐚𝐬𝐡 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐬𝐭𝐬 𝐢𝐧 𝐘𝐨𝐮𝐫 𝐀𝐮𝐭𝐨 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬! 𝐇𝐢𝐝𝐝𝐞𝐧 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐚𝐫𝐞 𝐡𝐢𝐝𝐢𝐧𝐠 𝐢𝐧 𝐩𝐥𝐚𝐢𝐧 𝐬𝐢𝐠𝐡𝐭! In the competitive world of automotive manufacturing, even small improvements in procurement efficiency can translate to significant cost savings and a major boost to your bottom line. We recently helped a leading auto manufacturer uncover hidden opportunities to reduce procurement costs without compromising quality or operational efficiency. Here's how we did it: 𝐃𝐞𝐞𝐩 𝐃𝐢𝐯𝐞: We conducted a thorough examination of their procurement process, focusing on historical data and comparing costs across suppliers. 𝐏𝐫𝐢𝐜𝐞 𝐃𝐢𝐬𝐜𝐫𝐞𝐩𝐚𝐧𝐜𝐢𝐞𝐬 𝐄𝐱𝐩𝐨𝐬𝐞𝐝: By analyzing past purchases, we identified areas where they might be overpaying for parts or components. 𝐀𝐜𝐭𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: Our meticulous data analysis revealed significant cost-saving opportunities and actionable steps to enhance their procurement strategy. 𝐓𝐡𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬? Our client is now positioned to achieve substantial cost reductions while maintaining a robust and resilient supply chain. Ready to unlock hidden profits in your own auto manufacturing business? Download our FREE white paper packed with actionable strategies to optimize your procurement process: #procurement #automotive #costreduction #supplychainoptimization #profitability #BDSRSolutions

Measure the true costs of your supply chain to get a better understanding of the costs of your systems and structures to make better buying decisions. Learn more: https://buff.ly/43PHBeE #totalcostofownership #TCO #gexproservices

Sharing this again! 🚗💡 In the competitive world of auto manufacturing, even small improvements in procurement can lead to significant cost savings. This post highlights how we helped a client uncover hidden opportunities to reduce costs and enhance their supply chain. Definitely worth a read if you're in the industry! #procurement #costsavings #automotive #supplychain

For organizations in the manufacturing sector, operational supplies and services are the lifeblood of the business. Through lean process improvements, ERA Group typically improve overall equipment effectiveness by an average of 10-15%. ERA Group can drive cost optimization within your organization. 

Manufacturing Process Optimization That Increases Your Profit. In the dynamic world of manufacturing, process optimization is a crucial factor in achieving efficiency, quality, and cost-effectiveness. At CCPL, we recognize that every manufacturing process is unique, requiring a customized approach to optimization. Our team of experienced process optimization specialists takes a deep dive into each client's specific needs and requirements. We carefully consider every aspect of the manufacturing process, from material sourcing to product delivery, to identify areas for improvement. We don't believe in a one-size-fits-all approach. Instead, we develop tailored optimization strategies that address the unique challenges and opportunities of each client's manufacturing process. Our expertise in process optimization makes CCPL a valued partner for businesses across various industries. We are particularly sought after by companies operating in markets where price, sustainability, and volume are critical factors for success. Our ability to streamline processes, enhance efficiency, and reduce costs has helped our clients achieve significant gains in productivity, profitability, and market competitiveness. Partner with CCPL and experience the transformative power of customized process optimization. #processoptimization #manufacturing #costreduction #sustainability #CCPL

Overview of Industrial Services Industrial services encompass a broad range of activities that support the operations of manufacturing and production facilities. These services can include equipment maintenance, logistics, supply chain management, consulting, and specialized technical support. The primary goal of industrial services is to enhance operational efficiency, reduce downtime, and ultimately drive profitability for businesses.