Direct materials cost is a main component of a product's total cost along with direct labor cost and manufacturing overhead. While no business' costs can remain constant because of changes in both ...

Labor price variance, or direct labor rate variance, measures the difference between the budgeted hourly rate and the actual rate you pay direct labor workers who directly manufacture your products.

LONDON--(BUSINESS WIRE)--SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest success story on gaining visibility into $70 million ...

Design for Assembly software improves product cost and simplifies assembly, but Design for Manufacturing can impact part inventories in the supply chain. Dynisco Instruments, manufacturer of sensors, ...