Learn how the flow of costs impacts manufacturing firms, covering raw materials, work-in-process, finished goods, and cost of goods sold with practical examples and methods.

Cost accounting examines how a company spends money. All expenses are recorded and analyzed in detail and then reported to management, who uses this information to identify ways to increase efficiency ...

A new study by UC Davis researchers quantifies the climate costs of carbon emissions from manufacturing common materials such as steel, aluminum, plastics and cement. Including these costs in the ...

John Clemons is a Solution Consultant for Rockwell Automation. He's been working in the field of Manufacturing Technology for over 30 years. Artificial intelligence (AI) is everywhere these days.

Data is increasingly considered a new form of capital that drives economic growth in the digital age. This is because data has become more valuable for various activities. For example, it can be used ...

Scientists in Switzerland have conducted techno-economic analysis of perovskite solar module manufacturing costs in terms of levelized cost of energy and have found that these products could be ...

American companies eager to bring manufacturing jobs back from overseas are hitting an unexpected roadblock that’s forcing them to abandon reshoring plans despite strong political support and supply ...