From offices to manufacturing centers, tracking, and monitoring fixed assets can be time-consuming. In the olden days, many office managers kept spreadsheets of fixed assets that includes desks, chairs, computers, forklifts, and more.
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Companies seeking to maximize profits must keep in mind many things. For manufacturers, it’s not just the cost of raw materials that impacts profits. It’s the costs of labor, taxes, shipping and more.
Manufacturers must also weigh the pros and cons of the location for their operations very carefully before making the decision to set up operations or relocate. For example, shipping costs can steal profits away from thin margins.
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