The best way to ensure that your pricing is competitive without pricing products too low for your business to survive is to understand your costs and the profit per piece. Once you can calculate how ...

In the world of business, knowing when your venture becomes profitable is essential. The break-even point is a critical ...

Labor can account for the largest expense of manufacturing products. You should always keep track of your labor cost per unit to make sure that wages are not growing faster than profits. To do this, ...

When the time comes to monitor emergence and development, consider the role heat measurement standards called growing degree days (GDDs), or growing degree units, play in the process. People think in ...

How do you calculate capability indices? Capability analysis is an essential tool for statistical process control (SPC) and ...