The Manufacturing Cost Guide is a tool that estimates the costs that US manufacturers face and can be used to help gauge the potential returns on manufacturing industry research projects through cost reductions. These costs are grouped into various standardized categories such as the North American Industry Classification System (NAICS) and the Standard Occupational Classification (SOC) system along with other non-standardized costs.
The tool can be used to answer questions such as:
An organization is conducting research to reduce redundant engineering labor. How much do manufacturers spend on engineering?
A researcher is proposing a project to reduce the use of steel by advancing material standards, thereby, reducing scrap caused from material deficiencies. How much do manufacturers spend on steel?
A research organization is proposing to reduce energy consumption from machinery. How much is spent on energy for machine operation?
An organization wants to promote energy efficient lighting in manufacturing facilities. How much do manufacturers spend on lighting?