A poor management team could post a strong operating ratio in one year by cutting valuable investments in areas like R&D, marketing, or maintenance capex. This would hurt the company’s competitive position over the long run, even if it boosted the operating Ratio in the short term. Similarly, firms with strong brands or competitive advantages […]
Direct materials quantity variance explanation, formula, reasons, example
If equipment regularly breaks down or requires costly repairs, it may be time to consider investing in new equipment. Virtual and augmented reality technologies allow manufacturers to simulate and visualize different scenarios and processes in a virtual environment. This can be particularly useful for training employees, testing new equipment and processes, and identifying potential areas […]