In a constantly evolving industrial environment, where competitiveness depends on responsiveness and resource optimization, supply chain management […]

OEM, ODM, and OBM: What Are the Differences in Production? Understanding Manufacturing Models In industry, production is […]

In a dynamic and growing industrial world, product design is not just an idea. There is a […]

Most entrepreneurs overlook an important indicator for managing their commercial activity: the Cost of Goods Manufactured (COGM). However, analysing and understanding this aggregate is enough to propel a business forward. Here’s a comprehensive guide to the indicator at the heart of cost accounting that is turning profitability prospects on their head.

In the industrial and professional equipment sectors, the purchase price of a product or service represents only a fraction of the total expense. Beyond the initial cost, it’s essential to evaluate all direct and indirect costs associated with its use over its entire lifecycle. This is where the **Total Cost of Ownership (TCO)** comes into play. Adopting a TCO-based approach allows companies to optimize budgets, improve profitability, and make more informed purchasing decisions. Let’s break down this concept and explore how to manage it effectively.

One of the most important decisions to make before starting a business is defining your value proposition. While the product you sell will directly impact the long-term viability of your venture, consumer habits are constantly evolving. Buyers are increasingly looking for items that align with their values and address environmental concerns. Whether you’re launching an online or physical store, achieving long-term return on investment requires an understanding of your target market’s trends. MWT Sourcing offers you a comprehensive guide to help identify and sell high-value products.

The business world in China is built on several cultural pillars, one of which is the concept of *Mianzi*. Closely related to the idea of “saving or losing face” in France, this cultural value shapes behavior and etiquette. Understanding it is essential before entering negotiations with Chinese counterparts. Here’s a detailed guide with practical tips to help you avoid missteps in the Middle Kingdom.

In a constantly changing world, companies have to adapt to satisfy their customers and prospects. Product quality and delivery times remain a priority, all at the lowest possible cost to the company. Lean management makes perfect sense in this economic context. Here is a complete guide to the 7 essential principles of lean management. It explains how to implement it, the challenges of this method and its advantages.

The industrial environment has continuously evolved. Continuous improvement has now become an actionable lever to optimize production, reduce inefficiencies, and enhance product and service quality. Inspired by concepts such as Lean Management, the PDCA Cycle, and the Kaizen Method, this approach aims to make production processes more efficient while increasing customer satisfaction. How does a continuous improvement approach work? What are its key principles, and how can it be implemented within an industrial company? This article guides you through the methods, tools, and best practices to successfully drive this transformation.

The Kanban method originates from the Japanese automotive industry. This project management tool is widely used in factories for its pragmatic approach. It helps optimize production processes through Lean methodology. Want to apply Kanban to your business? MWT Sourcing explains it in just a few steps!