The general rule of thumb when it comes to running a manufacturing business is to make profit. There are a few different approaches and theories when it comes to pricing up jobs. The most common approach is to use your costs and then apply a mark up in order to make money. This formula is very simple with only 2 general variables and is almost flawless once calculated properly. It all sounds so simple, but there is one common problem faced by many – how much is that job costing me to manufacture?
- Heather Waterson
- October 9, 2015
- Categories: ERP/MRP Software, Manufacturing, MIE Solutions UK Ltd, MIETrak Pro, Sheet Metal
- Tags: ERP, Estimating Software, Manufacturing, MRP, Production Control Software, Scheduling Software
Today’s decision is to ensure that you have the correct Manufacturing ERP software solution, in fact it’s an absolute priority. Why? We all know that the manufacturing industry is one of the most competitive industries not only in the United Kingdom, also in Europe. Manufacturers must design, build, and deliver the highest quality products in the timeliest manner at the lowest possible costs in order to win and retain customers.