Category Archives: Skill Library

Equipment Depreciation

How does equipment depreciation affect your costs

Hey there, Skill Miner is online! Today I haveĀ for you one more interesting tool. Applying it in production management (or in services) can help you to find more room for improvement. I would like to present a very simple and comprehensive way how to calculate equipment depreciation and how to afterward calculate the direct cost of used machinery. If you use different types of machinery in your company to produce value it is of critical importance for products pricing as well as for optimization estimations.…

Decision making

How to make value based decisions like a pro

Hey there, Skill Miner is online. I am excited to share with you one more skill that can help you in your everyday life and work. It is a Function and Value Analyses or also known as Value Engineering methodology. I will not go deep into the details of this complex methodology and will provide you with only the very necessary side. The side that will help you make the right and well-assessed decisions.…