Growth coin stack symbolizing business investment and economic growth.

How to Increase Profit Margins in Manufacturing

Reading time: 6 mins

Key Takeaways

⇨ Net profit margin in manufacturing measures the percentage of revenue retained as profit after all production costs are deducted, reflecting the company's efficiency and profitability.

⇨ Gross profit margin evaluates a company's financial health by measuring the proportion of revenue remaining after deducting the cost of goods sold, highlighting the efficiency in converting sales into profits.

⇨ To increase profit margins in manufacturing, businesses must focus on cost management, operational efficiency, intelligent pricing, and leveraging advanced technologies.

Our Future of Pricing for Manufacturing Report found that 90% of businesses said global uncertainties, such as the pandemic, have impacted the effective management of pricing.

More Resources

See All Related Content