Tag Archives: Manufacturing Finance

Industrial Companies: Control Indirect Costs to Gain Profits

“Maintaining profits and growth is going to be very difficult. However, regardless of the larger economic environment, companies can take actions that can help. Specifically, many companies are seeing the share of general and administrative (G&A) costs increase. From 2008 to 2015, G&A expenses grew more slowly than revenues (41.8 percent versus 61 percent). Since […]

How Agile Technology Drives Supply Chain Innovation

Change and uncertainty are inevitable in manufacturing. While effective production planning can support manufacturing processes, there will always be uncontrollable factors that are difficult to manage. Manufacturers are dealing with an increased pressure to meet customer demands quicker and more cost-effectively. Visibility of where manufacturers are within the production process is a key driver and […]

Six Common Data Management Mistakes That Manufacturers Make

“All too often, companies execute a data management strategy without understanding how it fits into the overall business strategy.” Data alone has the power to make or break a company, depending on how it’s used. The manufacturing industry is changing with evolving technology and businesses are relying on their data to stay competitive. With increasing […]

The Path to Manufacturing Innovation is Paved With Exponential Technologies

“The velocity of technology advancement, especially for the manufacturing industry, is exponential.” Exponential technologies provide the scalability that modern businesses often lack with their legacy technologies and outdated practices. Industrial manufacturers are focusing on these technologies as a foundational approach to innovation across both products and processes. In this era of rapidly accelerating transformation, organizations […]

The Art of War: How Successful Manufacturers Arm Their Business with Analytics

Similar to martial arts, business success is all about perspective. Instead of focusing on the capabilities their organization lacks, business leaders should understand what they can do with what they have. First, they must find the tools that best-fit their business. Smart leaders arm their company with analytics and machine learning that provide critical insights […]

Gaining Actionable Business Insights Through Continuous KPI Reporting

As organizations continue to put greater emphasis on facts-based decision making, ensuring relevant measures and timely access to data becomes increasingly important. Often organizations will pinpoint a handful of key performance indicators (KPIs) to gauge the organization’s operational performance. The reporting structure for these KPIs is critical in allowing decision makers to the pulse of […]

Manufacturing Finance of the Future: The Digital CFO

 “The CFO function within manufacturing organizations needs to make significant changes to enable companies to meet the challenges of the shift to digital manufacturing, Industry 4.0, smart manufacturing, or any one of the other associated names.” Efforts to adapt finance functions to digital manufacturing has become a priority for modern CFOs in the industry. Manufacturers […]