Why is it so difficult to reorient yourself? In some companies, margins are creeping away. When major customers load their product or component suppliers with large order volumes, they tend to gradually reduce procurement prices to a level that allows you to survive as a supplier but no longer develop. Particularly in the food and …
Definition: What is auditing? Because the larger industrial and commercial enterprises that emerged in the course of industrialization from the beginning of the 18th century could no longer be managed by their owners, managing directors were hired locally. In addition, capital investors – shareholders in stock corporations – also took stakes in companies that did …
Industrial companies with a multi-variant product portfolio and multi-stage, mechanical production, in which many process participants are involved, have to cope with complex production planning. In many companies, this production planning can no longer be done manually. Precisely tailored production planning and control systems, which are commercially available, can help. By using PPS systems, internal …
Competitiveness is increasing in many sectors. In some environments, overcapacities are contributing to this, in others suppliers from low-wage countries. But many companies are also struggling with locations in low-wage countries, because they have to position themselves on changing global markets. Of course, there is classic potential for improvement in all companies, which can be …
Optimising packaging and shipping costs offers interesting opportunities to reduce costs and increase profits in companies. If you want to effectively reduce your production costs, shipping and packaging is a good place to start. Optimising packaging costs Packaging is usually treated as a side issue in companies. Hardly any attention is focused on optimising packaging. …
There is often potential in companies to reduce stock levels. The following are usually stored Goods are stored in order to have them available for subsequent production steps. Thus, stored goods have the function of a buffer in the overall process. If one reflects on this definition, ideas already arise as to which goods should …
Many production companies are familiar with the oscillations of output and order backlog known as the “pig cycle”. Gradually, production backlogs build up, leading to extended delivery times. These cause lower incoming orders, which cause the order backlog to melt away and eventually lead to under-utilisation of production. Now orders can be won again, which …
Personnel play an important role in the production of companies. The efficiency of your production stands and falls with trained specialists. At the same time, personnel is also an immense cost item that you should regularly keep in mind and optimise accordingly. In this article, you will learn which options are available to you to …
An IPO is a medium to long-term financing option for companies on the organized capital market. As a shareholder in a company, you (the issuer) can use an investment bank or a banking consortium to broker shares in the company to investors. By going public, you can finance the growth of your company and/or strengthen …
Companies don’t have to do everything themselves. It is crucial that companies work out a profile that makes them unmistakable and unique in their target markets and at the same time enables them to be well embedded in these target markets. Companies should provide the services that make up this uniqueness themselves, but they can …