Factory overhead is any cost other than direct materials or direct labor, such as electricity, incurred while manufacturing inventory. Work-in-process inventory is what a company has started ...

Now that it’s “the future,” and many jobs are being automated, it seems it’s only a matter of time before the entire pizza-making process works sans humans. Here, for example, is a prototype “pizza ...

The decision was final, and the plan was to construct a new addition to help keep up with market demand. The senior leadership decided that moving the factory and building another factory was cost ...

For the past decade, process mining specialist Celonis has been helping enterprises optimize processes around their ERP systems — and more recently has branched out to help them optimize their use of ...

German carmaker BMW plans to start making drivetrains for electric vehicles at a vast factory in Regensburg, Bavaria, later in 2021. Well before any new parts roll off the production line, the entire ...

Celonis, the process mapping startup, has been on a nice run the last several years, forging significant partnerships with IBM and ServiceNow, while announcing a $1 billion Series D last June on a ...