Discover how absorption costing is used in GAAP for external reporting. Learn its components and why it's essential for ...

Jonathan Ponciano is a financial journalist with nearly a decade of experience covering markets, technology, and entrepreneurship. Suzanne is a content marketer, writer, and fact-checker. She holds a ...

Absorbed costs and full costs are two separate financial metrics utilized by businesses to determine different corporate costs. Absorbed cost, also commonly known as absorption cost, is a method for ...

Last week, after ThomasNet's R.P. Siegel quoted an LNS Research blog post in his article, "Is OEE An Effective Metric for Assessing Industrial Production?" we decided to ask our followers on Twitter ...

Bottom Line: Analytics expertise is a crucial driver enabling smart factories’ growth, with ten key metrics essential for keeping the next generation of smart manufacturing centers on track. 43% of ...

Overall equipment effectiveness (OEE) continues to gain in popularity as manufacturers seek to quantify plant, manufacturing line, and machine-level performance and find ways each area can be improved ...

Since the first industrial revolution, improving productivity has been a major goal for most manufacturing operations. Today, in the middle of the fourth industrial revolution, that hasn’t changed.