Increase Profit by Reducing Industrial Waste

Increase Profit by Reducing Industrial Waste

  • Posted by Dan Nichols
  • On April 7, 2021
  • 0 Comments
  • cfo, finance, increase profit, reduce cost, reduce waste, sustainability
The Cost of Industrial Waste: How to Reduce Industrial Waste The solid waste industry generates $60billion in revenue annually(1). That is only accounting for the cost of disposing of materials, NOT the cost of the wasted items themselves. $161billion worth of food is wasted annually (2), and with 75% lost before it even reaches grocery […]
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Implement Sustainable Production Practices by Minimizing Waste

Implement Sustainable Production Practices by Minimizing Waste

  • Posted by Dan Nichols
  • On April 1, 2021
  • 0 Comments
  • CEO, increase efficiency, reduce cost, reduce waste, sustainability
Sustainability in Manufacturing Creating sustainable business practices in the manufacturing industry has a plethora of benefits to consumers and corporations alike. Customers are increasingly connected, informed, and concerned about the environment, social justice, and ethical sourcing. Companies with transparent supply chains and production processes that portray responsible, sustainable manufacturing excel far beyond their competitors. Furthermore, […]
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Improve Overall Business Practices with Effective Audits

Improve Overall Business Practices with Effective Audits

  • Posted by Dan Nichols
  • On March 17, 2021
  • 0 Comments
  • audit, CEO, increase efficiency, internal audit, reduce cost
Small and Midsize Business Leaders Conduct Audits Business leaders use various strategies to ensure their companies are running optimally, whether they are taking a close look into production processes, financial reports, or product quality. Audits are examinations of existing systems, products, organizations, or processes and can be powerful tools to make sure a business is […]
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Operational Audits: Benefits And Best Practices

Operational Audits: Benefits And Best Practices

  • Posted by Dan Nichols
  • On March 9, 2021
  • 0 Comments
  • audit, coo, operational audit
Key Takeaways: Efficiency and Effectiveness: Operational audits critically assess an organization’s operations, processes, and systems, aiming to enhance efficiency, effectiveness, and reliability in achieving company objectives. Softengine’s Role in Operational Excellence: With Softengine, companies can conduct thorough operational audits that deliver meaningful results, driving operational excellence through advanced technology tools and insightful analytics. Diverse Audit […]
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Reduce the Cost of a Financial Audit

Reduce the Cost of a Financial Audit

  • Posted by Dan Nichols
  • On March 2, 2021
  • 0 Comments
  • audit, cfo, financial audit, reduce cost
Audits in Manufacturing Every business is subject to various types of audits. Without the tools to easily pull financial, inventory, and process-related data, audits can become time consuming, error-prone, and expensive. Technology that integrates all your business data allows you to simplify your internal audit process and better prepare for external audits, ultimately saving time […]
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How Business Executives Leverage Technology to Reduce Product Recalls

How Business Executives Leverage Technology to Reduce Product Recalls

  • Posted by Dan Nichols
  • On February 22, 2021
  • 0 Comments
  • CEO, product recall
Product Recalls In Manufacturing Industries For product manufacturers, recalls are a relatively regular occurrence due to contamination, problems with the ingredients, or mishandling of products. The recall procedure includes retrieving and replacing the defective products, and reporting to the proper authorities is also necessary to avoid any further issues. In the instance of food recalls, […]
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How Operations Leaders Prepare With Product Recall Management Software

How Operations Leaders Prepare With Product Recall Management Software

  • Posted by Dan Nichols
  • On February 8, 2021
  • 0 Comments
  • CEO, product recall
Food Recalls: Product Recall Management Explained Food or beverage products are recalled when it is unsatisfactory or unsanitary factors in the product batch. Food manufacturers are mainly held responsible for the circumstances caused by contaminated eatables. Usually, food recalls taking place because of food contamination. However, there are other reasons food recalls can be ordered. […]
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2021 Manufacturing Trends

2021 Manufacturing Trends

  • Posted by Dan Nichols
  • On January 26, 2021
  • 0 Comments
  • CEO, product recall
The New Industrial Revolution: Digital Transformation in Manufacturing Continues In recent years, manufacturing companies have gradually been incorporating more technology into their business operations. This new industrial revolution has encouraged midsize companies to adopt business management software, robotics, IoT, data and analytics into their everyday  operations. Historically, the manufacturing industry is constantly evolving, but this […]
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