InventoryManufacturing TipsProduction planning Just-in-Time Manufacturing (JIT): Benefits, Risks, and Implementation Just-in-time manufacturing helps businesses meet customer demand while keeping less inventory. By coordinating purchasing, production, and deliveries, manufacturers can free up cash, shorten queues, and spend less time managing surplus goods. By Madis Kuuse 16 min read
InventoryManufacturing TipsSupply Chain Materials Management – Process, Examples, and Best Practices for SMEs Keeping the right materials on hand without overstocking is a constant challenge for small manufacturers and distributors. Materials management coordinates the flow of materials, connecting purchasing, inventory, and production to keep operations supplied and costs under control. By Mattias Turovski 25 min read
InventoryNews US Manufacturing Trends: Demand, Inventory, and AI Over the Past 3 Years Over the past three years, US manufacturers have dealt with shifting demand, inventory levels that don’t always match what’s needed, and AI tools becoming part of everyday work. We looked at three years of BTOS survey data to see how these trends have actually played out across manufacturers of different sizes. By Shane Dubbelman 12 min read
AccountingInventoryManufacturing Tips How to Calculate Cost of Goods Manufactured (COGM)? Cost of goods manufactured (COGM) tells you what it actually costs to produce the finished goods that come off your shop floor in a given period. It feeds your cost of goods sold (COGS), gross margin, and pricing decisions. By Shane Dubbelman 17 min read
InventoryManufacturing TipsSupply Chain Inventory Planning – A Quick Guide for Manufacturers and Distributors Inventory planning is a decision-making process: what stock to carry, how much to keep on hand, and when to trigger a reorder. Get it right and you keep stock available without tying up working capital in inventory you don’t need. That’s important whether you make, assemble, or resell products. By Steve Maurer, IME 18 min read
InventorySupply Chain What Are Lot Numbers and How to Use Them? Lot numbers are unique identifiers assigned to specific batches of products, allowing for traceability and quality control throughout the supply chain. Understanding lot numbers is essential for businesses to ensure product safety, regulatory compliance, efficient inventory management, and effective recall processes. By Madis Kuuse 11 min read
AccountingInventoryManufacturing Tips Inventory Valuation Methods – Finding the Right Approach for Small Manufacturers Inventory is an asset, but knowing its worth is not always as simple as multiplying the number of units in stock by their purchase price. Especially in manufacturing, where materials are bought at different prices and combined with labor and overhead. Proper inventory valuation addresses this. By Mattias Turovski 26 min read
InventoryProduction planningSupply Chain Demand Forecasting in Manufacturing – Process, Methods, and Tools for SMEs Demand forecasting done right makes the difference between reactive and structured decision-making. It gives purchasing, inventory management, and production planning teams more time to prepare and takes a lot of guesswork out of replenishment decisions. By Mattias Turovski 35 min read
InventoryProduction planning Serial Number Tracking in Manufacturing: A Practical Guide for SMEs Serial number tracking is usually described as a way to identify individual inventory items. But that considerably undersells it. The real payoff is a searchable history for one unit across purchasing, production, inventory, sales, and after-sales. This guide covers how to build one. By Steve Maurer, IME 18 min read