WHAT IS MANUFACTURING INDUSTRY?

WHAT IS MANUFACTURING INDUSTRY

Some people may be still wondering what is manufacturing industry? The manufacturing industry is the industry that its main activity is changing the raw materials, components, or other parts into the finished products that meet standard specifications. In general, this industry is able to produce on a large scale. The manufacturing industry changes the raw materials into finished goods mechanically with machines, or manually without using the machine. Here is some information you need to know about what is manufacturing industry?

The Differences Of The Industry

What is manufacturing industry? What is the difference with other industry? Unlike the trading company that sells goods from a supplier, the manufacturing company focuses on the manufacturing process of processing raw materials into a finished product. The result of the production process can be seen by the eye or its products have existed. This also sets it apart with service companies where the product is not in the form of objects.

The Characteristic Of Manufacturing Industry

What is the characteristic of manufacturing industry? What is manufacturing industry? The purpose of manufacturing industry is managing raw materials into a finished product. The consumers did not participate in the production process. The result of the production is visible. Sometimes the consumers tend to look for the products again if the products meet their preferences.

What Does Manufacturing Industry Need?

What does manufacturing industry need? In term of production, manufacturing companies typically use to set up the machine and manpower with the division of labor in the large-scale production. There are some production costs that usually consists of 3 elements such as the cost of raw materials, cost of labor, and factory overhead costs. The country not only requires abundant natural resources and raw materials to make the manufacturing process. But other than that, a country also need reliable human resources in the process. Because the further the development of technology that exists today, we certainly already know that the machine still will not be able to replace 100% of human existence.

 That’s why the manufacturing industry often serves as a benchmark for national industrial development parameters or within a country. Due to the least good economic development in the country, one of which is determined from how well they are able to process raw materials or components available in their country to be the finished goods. So that the products have the value selling economical. The products need to well promoted in the country, as well as to export out the country.

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BEING A SUCCESSFUL BUSINESSWOMAN IS NOT AS DIFFICULT AS YOU THINK

BUSINESSWOMAN

There are some women that decide to start a business with a few capitals but ended up being a successful businesswoman. A woman does not always have to work in the kitchen and taking care of the children. Many women can also become a career woman even a successful businesswoman. If you want to be a businesswoman, here we recommend some tips.

Build A Network

The main foundation for women to be a successful businesswoman is building a strong network. A networking system could be a huge help for starting a business. Any relative could be the prospective customers to promote your business. This could be a major step to start or even expand your business.

Being Confident

To be a successful businesswoman you have to be confident. When you working on everything, make sure you start with a certain belief in your own self. Believe that you can reach all your dreams without trying to blame yourself, others or the environment if someday you meet some spectacles.

Manage Your Financial Well

Although it seems to be easy remember to manage your financial well to be a successful businesswoman. Once your business gets bigger, you will definitely need to have a good financial management. It is better to separate the household funds with your business funds. You need to separate it so that you can monitor the detail of your financial business. Because it is important for you to organize your incoming and outgoing money flow so that you can balance your business in the future.

Happy And Enjoy Your Business

Starting a business from home for the housewife is not easy. Sometimes you will face some difficulties that will affect your spirit. To be a successful businesswoman you need to be happy and enjoy your business. Though not always 100 percent correct, but starting a business based on your hobby and passion will make your business more smoothly. You will enjoy doing your business and will be easy to maintain.

It is normal to feel bored and tired of working sometimes. Not to mention that you also need to face some problems in the family. You may feel stuck and restless. If you meet such condition, it is good to rest for a moment and focus on your family first.…

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YOU WANT TO BE A SUCCESSFUL BUSINESSMAN? YOU WILL NEED THIS!

BUSINESSMAN

A businessman is someone who has been in control of the entire process of production, distribution, and marketing. A successful businessman is able to look at the world and think in his own way. Where most people tend to look at the issue, a successful businessman could even see the chances of success in the midst of that issue. As others stated failures, a successful businessman even sees valuable lessons to achieve greater success. Although there are many different fields of business, almost all successful businessman have similar patterns in its ability to build their success. You also can be a successful businessman if you apply some of the tricks below.

Believe In Yourself

The key to being a successful businessman is in mind. If you believe, then you will not hesitate to seek, to act, and to take risks in business. Beliefs will shape your action. The action is based on the belief in contrast to actions without conviction.

Don’t Make Excuses

There are always obstacles in the business process. This is where you find solutions to be able to hit the best for the sake of the continuity of your business. Discover how intelligent, effective and efficient so that you can resolve the problems immediately. A successful businessman never makes excuses in order to get out of the problems.

Follow The Process

There are no results that betray efforts. For that reason, you should always follow every moment and learning process encountered during your business journey. If you think more, being successful was indeed need to sacrifice more. And a little bit impossible to grab it easy and instant. Therefore, don’t forget to follow all the processes and enjoy it.

Never Miss An Opportunity

For the sake of a successful businessman, so you should always be ready to face the challenge. If the opportunity comes along and you’re not ready yet, you will miss the opportunity to go forward a few steps. Then that’s what you have to have a good analysis capabilities in order to expertly predicts the pace of business.

Whatever business you want or you are planning, have the courage to start. Never afraid of trying, although there is a lot of risks that you would face. But you should always remember is to always want to look for something new and feel free to start your business.…

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HOW TO SAVE MORE MONEY

MONEY

One way that you can do to create better financial conditions is set your budget and save more money. Although sometimes difficult, saving money is not impossible if you know how. There are a lot of ways to save money in the household that you can do easily every day. You can do it starting from planning the budget for your monthly spendings such as for eating, drink, and entertainment. The following simple saving tips which may often be being left out. But if we really do this simple thing every day, this could create a major impact on your financial condition.

Saving At The Beginning Of The Month

Spare 10%-30% of your income at the beginning of the month. This move will be of great help in order not to spend money freely. In addition to good for the long term, these funds will also be very meaningful as an emergency fund.

Determine The Target Saving

You must specify a target amount of this you want to collect before saving. This makes it easier to regulate the amount of moneyt that you need to set aside each month.

Choose The Savings Carefully

Every bank provides its own benefits and perks when you keep it in their account. You should also be careful to select the bank savings.

Automatic Savings

There are times when you feel you can’t discipline to save appropriate initial planning. If this happens to you, you can wear your automatic savings facilities so that the savings fund can be automatically deducted from the income you earn every month.

Monitor Your Monthly Expenses

Don’t forget to always check out your monthly expenses. You can create a separate report for easy assessment of your spending. You need to be smart to manage your financial condition. Try to buy things only when you need it to save more money.

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HS Footwear Co., Renowned Footwear Manufacturer Shares What You Need to Know About the Import-Export Process When Working with Footwear Manufacturers in Vietnam

Footwear companies are increasingly ordering their products from Vietnam. If you are in the industry, you might be wondering, why is this happening? How does Vietnam handle export items? What are the basics of the importation of goods into the United States?

Over the last decade, China has lost increasingly more business to Vietnam’s footwear manufacturers. Companies such as Fast Retailing Co., Ltd. have moved operations from China to other countries, as their wage costs are cut in half when manufacturing in Vietnam.

Indeed, in 2014, Nike, Adidas, and Puma increased their business with Vietnam by 25% compared to 2013. Furthermore, in 2017, factories in Vietnam produced 44 percent of Adidas footwear. Worldfootwear.com also noted that Vietnam’s footwear exports are up by 11% for the year. So, how does this translate to dollars? In the first nine months of 2018, Vietnam exported nearly 11.8 billion US dollars’ worth of footwear.

“According to the latest edition of the World Footwear Yearbook, in 2017 Vietnam produced 1.1 billion pairs of shoes (a share of 4.7% in worldwide production), taking the third position as the largest producing country. In 2017 Vietnam was the second largest exporter of footwear with a 7.1% share (1.0 billion pairs) behind China (9.7 billion pairs; 67.5%).”

Footwear companies are also choosing Vietnam manufacturers because of their import-export processes. Vietnam wants a vibrant economy, and they have few, if any, barriers to products for export.

The most common and inexpensive way to start exporting products from Vietnamese footwear manufacturers is by first establishing a trading company. In order to be permitted to export, (or import,) a foreign investor must also register with the Department of Planning and Investment (DPI). Additionally, the investor must obtain an Investment Certificate. The good news is that most goods and services being exported from Vietnam are exempt from tax.

Prior to importing a product, you may contact the U.S. Customs and Border Protection (CBP) office at the port of entry where your merchandise will enter the United States. A complete directory of the various ports of entry can be found on the CBP website. There are many rules regarding the subject of imports to the U.S.A., but footwear is not hazardous in any real way, so the barriers are low.

According to U.S. Customs and Border Protection, “CBP does not require an importer to have a license or permit, but other agencies may require a permit, license, or other certification, depending on the commodity that is being imported.”

In conclusion, Vietnam footwear manufacturers are in demand, and the demand is growing. Although importation into the U.S.A. has its regulatory hurdles, importing products from Vietnamese footwear manufacturers shows no significant barriers.…

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How to Save Money on Accounting Fees

Accounting fee is an unavoidable cost in any business. Most businesses pay accountants by hours worked or the workload done. The charges of accounting can be hefty and an unexpected expense on a business. It is essential to find a way to reduce these fees that add to your massive costs leading to lower returns in business.

Oculus group is an accounting company that ensures you get accounting services at a reduced fee. You can click here for a list of services.

How do you reduce accounting fees?

1) Make use of leverage technology

Xero is a software that automates tasks previously done by accountants. It can perform functions such as bank reconciliation. Using this software will ensure you save money on accounting fees. The software is fast and reliable, and its maintenance fees are low compared to hiring an accountant who will take days to complete the task manually.

Technology-based technology is essential in cutting costs on any business task. Applying xero makes the work efficient and accurate. You will reduce the need to hire accountants who in most cases overcharge their services.

2) Pay accountants on the fixed fee agreement

You need to make a smart contract with the accountants. If you opt to pay the accountants on hourly bases or workload, they will overcharge you. If for instance, your deal is by the hourly payment the accountant will ensure they spend more hours on a small task to accrue more pay. Regardless of the workload ensure you make a fixed fee agreement.

The fixed fee agreement will not give you unexpected costs and will ensure the accountant does their work fast and efficiently. This approach will save you money on accounting fees.

3) Shift to do bookkeeping on spreadsheets

Maintaining straight forward records will ensure the accounting task is simple. The more your records are precise, the less you will incur accounting fees. Records on spreadsheets will provide your documents are well maintained and not difficult to trace.

4) Simplify your transactions recording

Ensure all your transactions are well maintained and clear. If your accountant spends more time traces a document, the more you will incur accounting fees. Attach all invoices systematically for easier reference.

5) Assign only accounting tasks to an accountant

Ensure your accountant only handles duties that are accounting based. A clerk can do some essential functions such as bookkeeping. Don’t allocate additional tasks to an accountant. If you want to save money on accounting fees, the first strategy is ensuring you minimize their responsibilities. Ensure they perform functions that require their expertise and knowledge.

Bottom Line

To make higher rates a business need to cut unnecessary costs in their operation. Accounting fees is a significant expense in all companies as transactions are vital in every dealing. Finding a way to reduce accounting fees is essential.

The best way to reduce accounting fees is to maintain concise and transparent records. Additionally only allocate accounting based tasks to an accountant. Applying leverage technology will also help you to save accounting fees.…

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How to Push Your Career Forward in Asia

The Asian market is hotter than ever with more companies expanding to the region. Aside from China and India – which are two of the biggest markets in the world right now – there are also countries like Thailand, Indonesia, and Malaysia offering plenty of opportunities for businesses to grow.

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As more companies expand to these markets, there are also more opportunities for you to climb up the corporate ladder and push your career forward. It is easy to find companies who are looking to fill strategic roles in these countries. Before you start applying, however, there are a few preparations you need to make first.

Pick Up New Skills

The Asian market is slightly different than markets in Europe and the United States. You cannot expect to use the same skillsets and strategies, at least not if you want to excel. Before applying for a managerial position in the region, it is a good idea to pick up a few new skills.

For example, you can do a situational leadership training course to sharpen your leadership skills. The leadership training will introduce you to new approaches and better ways to lead an effective team. Remember that your team members will have even more diverse backgrounds, which is why boosting your leadership skill is a must.

Coding – even when you are not a coder – and language skills are also worth investing in, with the latter being a huge plus in the eyes of companies expanding into Asia. Even when you pick up a new language in its basic form, knowing the local language is still a huge plus. You’ll be more effective as a manager too.

Research the Country

Moving to a new country to push your career forward is a big move to make, but it is a move that you want to plan carefully. Before applying for the job of your dream, make sure you also learn more about the country you’ll be moving into.

Many expats actually start with country research; you can too. Instead of searching for jobs and accepting the destination country as part of the deal, you can now filter jobs based on where you want to be stationed. There are even local headhunters and employment agencies that can help you.

Knowing where you want to move also gives you an added advantage. You can plan better for the relocation, making the whole transition smoother and more manageable.

Review the Path

Just because you are excited about the prospect of moving to a new country and moving forward in your career, doesn’t mean you should skip the details. You still have to review every job opportunity from an objective standpoint.

Do you have what it takes to perform well in the new job? Does the new position offer a good career path to pursue? Will you be able to achieve your mid- and long-term goals by moving to the new country? Answer these questions before finalizing the decision to apply for a position in Asia.

Cover these basics and make the necessary preparations. Moving to an Asian country to pursue a better career is the best decision you can make right now. You’ll be able to reach new heights while experiencing new things along the way.…

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What You Need to Know When Starting Your Own Jewelry Business

The jewelry industry has always been dominated by monopoly-holding big brands and traditional names that likely created your grandparents’ wedding rings and their parents before them. But that’s not to say there isn’t space for newcomers who can offer a fresh take on a product that will forever flourish in its evergreen market.

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Whether you want to create your own pieces from scratch, or outsource the production process and focus on customer experience, the potential for success is always there. However, you will need to ensure that your creations are unique and guarantee customers that they’re getting what they pay for – or at the very least, convince them that this is the case.

After all, anyone in the industry will tell you that diamonds aren’t worth a fraction of what they’re being sold for. Perceived value is important. There’s a lot that an aspiring entrepreneur needs to understand when getting into a new business. In this post, we’ll cover a few basics to help you get started.

Know Your Niche

Depending on which angle you wish to take, there are three main types of jewelry businesses:

Fine jewelry is probably the first one that comes to mind. This involves careful craftsmanship of fine stones that are usually reserved for special occasions and high-end customers. While your upfront costs will be significantly higher, the prices you charge for the final product can also skyrocket.

If your capital doesn’t necessitate the above option, you can always opt for the more affordable route of fashion jewelry. This involves less expensive metals and manufacturing processes. Here, you’re free to import your raw materials from lower cost manufacturers instead of having to source expensive stones.

That said, this is no time to skimp on quality. Take a look at some Thailand jewelry manufacturers that offer affordable wholesale jewelry. Here you’re guaranteed a certain level of quality and won’t have to constantly deal with defects and bad batches.

A More Unique Take

If the above options are too traditional for your liking, there are a few alternatives that could prove to be more successful. For example, the 3D printing industry is becoming increasingly advanced, making it a perfect way to create uniquely designed pieces with less common materials.

Branding

Focus on a professional, consistent and meaningful overall look for your brand. Work on creating a unique theme and message that will help you stand out among the sea of Shopify drop-shippers and eBay storefronts.

Understand the Market

There’s no point in offering laser-cut brass necklaces if a hundred other more established companies are already doing the same thing. Market research is extremely important; it will help you find a gap to get into and avoid selling what will essentially be a duplicate of someone else’s products.

How you choose to approach your jewelry business should fall in line with your own tastes and vision. If you have a passion for creating something that nobody already offers, it all comes down to putting in the time and effort into making your vision a reality. Go for gold!…

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 Best Meeting Venues in Coventry

Coventry is an important hub of every kind of business activity. Because of that, there are plenty of different meeting venues in the city. Many of those offer excellent service and can accommodate every kind of business with ease. You can easily find a meeting venue in Coventry for both big and small meetings, and here are a few of them.

Crowne Plaza Birmingham

One of the greatest things about Crowne Plaza is its focus on keeping its visitors fresh and healthy. Meetings can take a long time sometimes, which is why Crowne Plaza offers an unlimited amount of fresh drinks and snacks for those that hold their meetings here. The rooms themselves are fully equipped, and have complete access to daylight. There are 11 meeting rooms all in all, and the maximum capacity is 300. Crowne Plaza also has ample parking space, and overall is a great venue to hold a meeting at.

Woolside Hotel

Some meetings just need to have access to be distraction-free, which is exactly what the Woolside Hotel offers. It’s the perfect choice for all sorts of events, like meetings, conferences, and training, and it’s also close to both Coventry and Birmingham. It’s located near Kenilworth, the historic town, and has 10 meeting rooms overall. The capacity for delegates is 120, and it has its own on-site restaurant and excellent service. The rooms are fully equipped, and there is an unlimited offer on coffee and tea, and the hotel also has secure parking.

Coombe Abbey Hotel

This is the ideal location for those that prefer their meeting to have a little extra flair. Coombe Abbey is a delightful spot to hold a meeting, as it’s a very beautiful building with splendid grounds and gardens. It also has 10 meeting rooms, with a full capacity of 180 delegates. It features over a hundred bedrooms, each with an impeccable style, perfect for those that want to rest before or after their meeting. Coombe Abbey definitely has some of the best meeting rooms Coventry has to offer.

Citrus Hotel

This hotel has one of the best locations in Coventry. It’s found in the suburbs of the city, and very close to major Midlands motorways. It’s very easily accessible too, not just by land because both Coventry’s and Birmingham’s airports are very close. The Citrus Hotel has 7 meeting rooms total, and a maximum capacity of 300. Its meeting rooms are multipurpose, and every type of event can be held there.

Ibis Coventry South

For those that are looking for more affordable, yet perfectly acceptable meeting rooms, Ibis Coventry is the right choice. It’s reasonably far away from the hustle and bustle of the city, but it’s also very well-connected to everything. It only has one meeting room, with a maximum capacity for 30 delegates, but the spotless charm and friendly bar more than makeup for it.

There are many great meeting venues in Coventry. Consider using Venuefinder to find the one that you think it’s most suited for you.…

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An Easy Guide to Writing a Report for Organisations

Writing is an essential skill which everyone needs to master.

For better or worse, both for-profit and not-for-profit organisations require employers who can write effectively so that everyone in the company can be on the same page when it comes to group assignments.

Here are three main steps before writing countless reports for an organisation.

  • Finding meaningful information

Before writing a report, the scope of the group assignment should be outlined and defined clearly in order to find the end goal of the task. In case of having no ideas to write a report, project management courses from e-careers would give people a clue to write a project management report.

Then, finding the right audiences is compulsory to provide a concrete direction for the project. While it really depends on what kind of audiences they are, chances are, it is often right to avoid using technical jargon which needs much to be explained.

As obvious as it seems, a table of contents offers a readable outline for the target audience. It allows readers to find useful information quickly and effectively. 

  • Making a format for the report

As a usual format, an executive summary is needed at the beginning of the project management report. It gives a solid overview of the whole project as well as its timeline.

After the summary, an introduction describes the overarching goal of the project and how it was managed. Long-haul details should be omitted in a way that bullet points convey the main messages instead of clumsy paragraphs.

 Showing key data in the midst of the methodology section gives a glimpse of statistics with quantitative observations. It allows readers to understand the importance of this project and how it is an answer to a question which causes problems.

Besides, resources are also required to be listed for the report. Within the goals, elements such as tools, manpower and resources must be included in order to illustrate the exact aspects of the plan and relevant information of which people are using.

Indeed, a budget is necessary to carry out a project. Different presentations of the numbers such as charts and graphs would be useful to visualise the financial requirements of the project.

A timeline is also relevant to illustrate the milestones of the project so that everything can be shown in alphabetical order. In order words, the overall progress of the project would be shown to the readers clearly.

To add colours to the report, challenges and solutions would be the highlights of the report. Technical problems, insufficient resources and other obstacles can be addressed here. 

  • Fine-tuning the report

Obviously, clear formatting such as clear categories and bullet points would be useful to save time for busy readers.

Circulating the first draft of the report to other colleagues of the project team would also be helpful to understand what kind of details the report is missing.

All in all, writing a perfect report for project management requires creativity, excellent writing skills and a certain degree of organisation. It takes patience and time in order to deliver the most precise and concise report.

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3 Simple Ways to Begin a Career in Car Sales

Kicking around in the car sales industry can be tempting – the monthly salary of this kind of job always seems to be promising.

Although the job title is not as shiny as the amount of income it offers, being a car salesperson needs a certain degree of optimism, solid background on cars, and an aptitude for sales.

To cut the long story short, there are several ways to pave the way to become a professional car salesperson.

  • Equipping all basic skills and training

As obvious as it sounds, being a car salesperson means that one has to be good at selling products and services. To get things started, getting experience in customer service in important.

For example, Sandown-Group has a division which helps its customers choose an array of approved used smart car. People who aspire to work at the car sales industry should consider working at Smart of Guildford for some exclusive customer service experiences.

Not only does hands-on customer service experiences make a difference to start a career in the car sales industry, a strong foundation on sales and selling techniques are also necessary for such career path. An online business course in sales would be suitable for those busy career-seekers.

  • Pursuing a career in car sales

The easiest way to find a position in the industry is to look through open positions online. Online job sites are also helpful to look for open positions more effectively.

Another way to look for an open position is to contact the local auto dealers in person. It is possible to approach the staff and give a brief presentation in order to get a job. Of course, a formal dress code is needed to increase the likelihood to get hired.

To elaborate, dressing up means that formal trousers, a blazer, and even a tie is needed to look professional. Wearing sneakers is considered to be a taboo for interviews.

Apart from that, being confident and showing immense interest in getting into the car industry are also good signs for the interviewers to consider a suitable candidate to be a car salesperson.

 

  • Thriving in car sales

Again, dressing professionally is important for both interviews and work. While knowledge is important, customers tend to size the salesperson up within a split second at the dealership. Looking well-groomed is the key to success.

Greeting customers right after their arrival at the dealership does the best trick for making a good first impression. While handshakes may not be necessary, a warm welcome is a sign to show readiness to serve them.

Knowing customers’ needs are also crucial. To make the dealership more effective, it is better to be familiar with them in order to help them look for the right car model.

To sum up, like any other profession, experience, and background knowledge are both compulsory in order to pursue a successful career in the car sales industry. To thrive in this particular profession, one must be mindful that hard work is a must to get things done.…

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