{"id":1488,"date":"2017-12-24T15:41:33","date_gmt":"2017-12-24T15:41:33","guid":{"rendered":"https:\/\/www.aiminsight.com\/?p=1488"},"modified":"2020-04-27T13:33:19","modified_gmt":"2020-04-27T20:33:19","slug":"it-is-too-difficult-to-track-analyze-and-reduce-the-costs-of-manufacturing-operations","status":"publish","type":"post","link":"https:\/\/www.aiminsight.com\/blog\/uncategorized\/it-is-too-difficult-to-track-analyze-and-reduce-the-costs-of-manufacturing-operations\/","title":{"rendered":"Ineffective cost control and high overhead of manufacturing operations: It is too difficult to track, analyze and reduce the costs of manufacturing operations"},"content":{"rendered":"<p><em>In the conference room are meeting: Christian (CFO), Irene (IT Manager), Paul (Purchasing Manager),<br \/>\nPeter (Production Manager), and Enrique (Engineering Manager)<\/em><\/p>\n<p>The Agenda title:<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.aiminsight.com\/blog\/wp-content\/uploads\/2017\/12\/ineffective-cost-control-high-overhead-manufacturing-operations.png\" alt=\"Ineffective cost control and high overhead of manufacturing operations\" \/><\/p>\n<p>Although it varies from company to company, you might want to examine the following:<\/p>\n<ul>\n<li>How do you ascertain the true cost of manufacturing an item?<\/li>\n<li>Do you know what your equipment, materials, labor, are actually costing you, and where the opportunities are for improved economy? How often do you analyze the financial aspect of manufacturing?<\/li>\n<li>How effectively do you apply overhead costs to the cost of the product?<\/li>\n<li>What is the directive from company leadership regarding cost management?<\/li>\n<li>How has the manufacturing operations performed historically as a financial management entity?<\/li>\n<li>Would you prefer to base your costing on actual or standard costs? Can you define standard costs?<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In the conference room are meeting: Christian (CFO), Irene (IT Manager), Paul (Purchasing Manager), Peter (Production Manager), and Enrique (Engineering Manager) The Agenda title: Although it varies from company to company, you might want to examine the following:&#8230; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1488","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/comments?post=1488"}],"version-history":[{"count":4,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1488\/revisions"}],"predecessor-version":[{"id":2276,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1488\/revisions\/2276"}],"wp:attachment":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/media?parent=1488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/categories?post=1488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/tags?post=1488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}