The inventory turnover ratio shows how efficiently a firm has used its inventory. This is important in a small business, where storing excess inventory can be an unwanted burden and cost. Calculate ...

For many businesses, including most small businesses, the most significant cost is labor. Salaries and wages comprise the major line-item expense for most retail and small-scale manufacturing ...

ABMA recently launched a Boiler Efficiency Calculator created in partnership with ABMA's Technical Committee and led by Technical Consultant Mike Valentino. The calculator assists boiler users and the ...

Direct labor rates include wages, taxes, and benefits directly tied to producing goods or services. Exclude indirect labor like supervisors from direct labor rate calculations. Monitoring direct labor ...

To understand the concept of high efficiency motors, you must first know how to calculate efficiency and the losses associated with the motor components themselves. This article reviews the basic ...

As marketers, we are always looking for ways to measure the effectiveness of our advertising campaigns. Traditionally, we have relied on metrics such as return on ad spend (ROAS) to gauge the success ...