What is the proportion of material cost to total production cost for injection molding companies ?
The share of raw material costs in the total costs for injection molding companies depends on the different materials a producer used in his production. In the manufacturing industry, material cost accounting is a fundamental requirement for achieving success. To be competitive and profitable, manufacturers must understand and control the material cost. In the current economic conditions, many manufacturers have been searching for ways to improve material efficiency, in order to maintain profitability and a competitive advantage via providing maximum profit to customers.
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