Inventory Management in Manufacturing: Tips and Techniques

Inventory

Automated Inventory Management – A Quick Guide

An automated inventory management system is a software-based solution that is designed to automate processes in the warehouse, thereby streamlining workflows, optimizing stock levels, and reducing inventory-related costs.

By Madis Kuuse 9 min read

Inventory

ERP Inventory Management – Benefits, Types, and Top Solutions

Managing inventory is a difficult task made much easier with ERP inventory management systems. Here are their benefits, implementation tips, and the top solutions for each industry.

By Madis Kuuse 15 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 9 min read

InventoryManufacturing TipsSupply Chain

Materials Management – Definition, Benefits, Best Practices

Implementing proper materials management practices allows businesses to make sure the correct materials with the best price and quality reach the shop floor at the right time and in the correct quantity. Follow these best practices to get more control over this essential segment of the supply chain.

By Madis Kuuse 12 min read

InventoryManufacturing TipsSupply Chain

What is Traceability and How to Achieve It?

Traceability is the ability to track a product or item throughout its entire supply chain, from its origin to the end consumer. Traceability enhances product safety and consumer trust by enabling companies to identify contamination or defect sources, perform targeted interventions and efficient product recalls, and increase transparency regarding the origins and handling of products.

By Madis Kuuse 12 min read

InventorySupply Chain

Manufacturing Supply Chain Management – Best Practices for SMEs

Supply chain management encompasses everything from negotiating vendor contracts for raw materials to handling returns of a product. While it is a central concept for any company producing or selling physical goods or even services, this post focuses on the importance and best practices of SCM from the perspective of small and medium manufacturers.

By Mattias Turovski 11 min read

AccountingInventoryManufacturing Tips

How to Calculate the Cost of Goods Manufactured (COGM)?

Knowing the cost of goods manufactured is vital for a good overview of production costs and how they relate to the bottom line. COGM also allows management to identify cash drains, adjust prices, and track the development of the business. You can also listen to this article:

By Mattias Turovski 11 min read

Inventory

What Are Stock Keeping Units (SKUs) and How to Manage Them?

A stock keeping unit (SKU) is a specific type of product in a company’s inventory that is marked with a unique SKU code. Using SKU codes for inventory tracking allows you to avoid stockouts and overstocking, ensure effective picking and dispatch, and track inventory performance related KPIs.

By Madis Kuuse 11 min read

InventoryProduction planningSales

How to Manage Product Variants in Manufacturing?

Product variants are versions of products with variations in attributes such as color, size, material, features, pricing, etc. Even though selling a product with variants is quite clear-cut, managing their production can be a real headache.

By Madis Kuuse 9 min read

Inventory

Automated Inventory Management – A Quick Guide

ERP Inventory Management – Benefits, Types, and Top Solutions

What Are Lot Numbers and How to Use Them?

Materials Management – Definition, Benefits, Best Practices

What is Traceability and How to Achieve It?

Manufacturing Supply Chain Management – Best Practices for SMEs

How to Calculate the Cost of Goods Manufactured (COGM)?

What Are Stock Keeping Units (SKUs) and How to Manage Them?

How to Manage Product Variants in Manufacturing?

Privacy Policy Update

Cookies

Inventory

Automated Inventory Management – A Quick Guide

ERP Inventory Management – Benefits, Types, and Top Solutions

What Are Lot Numbers and How to Use Them?

Materials Management – Definition, Benefits, Best Practices

What is Traceability and How to Achieve It?

Manufacturing Supply Chain Management – Best Practices for SMEs

How to Calculate the Cost of Goods Manufactured (COGM)?

What Are Stock Keeping Units (SKUs) and How to Manage Them?

How to Manage Product Variants in Manufacturing?

Get manufacturing know-how delivered to your inbox!

Privacy Policy Update

Cookies

Don't Leave Yet!