WBSP360: Grow Your Business by Learning the Best Practices of Co-products/By-products, a Live Interview w/ a Panel of Experts


Manage episode 336558742 series 2839167
Player FM과 저희 커뮤니티의 Sam Gupta 콘텐츠는 모두 원 저작자에게 속하며 Player FM이 아닌 작가가 저작권을 갖습니다. 오디오는 해당 서버에서 직접 스트리밍 됩니다. 구독 버튼을 눌러 Player FM에서 업데이트 현황을 확인하세요. 혹은 다른 팟캐스트 앱에서 URL을 불러오세요.

The bill of materials becomes complex when you might have multiple layers of costing and sub-assemblies. But you need to be at a different level when you might have co-products and by-products involved as part of your manufacturing process. The co-products can help you optimize your production process and allocate costs appropriately. The by-products can help you measure the yield percentages accurately. But unless your SKUs and BOMs replicate the physical production processes, your costs and yield percentages may be all over the place. So what are the best practices for capturing by- and co-products appropriately as part of the production process?

In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss Co-products/By-products best practices. We discussed their definition and how the definition and their treatment might vary in different industries. Finally, we discussed these concepts from many different perspectives such as costing, scheduling, and in-process testing.

For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.

428 에피소드