Since most of our high tech and fabless semiconductor customers use standard costing, we’ve had quite a bit of experience advising companies on how to set up standard costing, and thought it might be of interest to a wider audience as well. As a starting point here then, I’d like to spend a little time […]
VIDEO: Inventory Value and Standard Cost
The following is a transcript of the video clip above, which was taken from the Tensoft FSM customer webcast entitled “Standard Cost: Theory and Practice in Tensoft FSM,” featuring Bob Scarborough, Tensoft’s CEO. This complimentary training was originally presented live for Tensoft FSM customers. Since the instructional material covered in this video blog is appropriate […]
An Introduction to Standard Costing in the Technology Industry
[The following is a partial transcription of the beginning of a recorded Tensoft FSM training webcast, which is available to anyone who’s interested – see video here.] “While semiconductor manufacturing is a process, it also has fixed outcomes, which makes it unique. So it’s not really process manufacturing like food, oil and gas, or paint […]