Tag Archives: Lowering manufacturing costs

How to Reduce Manufacturing Costs Using an IIoT Monitoring System

Remote Monitoring IIT system adding value in today's manufacturing

Manufacturing costs are the costs that it takes to produce a product. Manufacturing costs include:  The products’ direct material – Metal, Plastic, wood, paper, electronic components, etc. Direct labor – Operators that physically touch the products Manufacturing overhead – Floor space, Management, Capex (capital costs), software, etc.  Unfortunately, a big portion of these costs are […]