AccountingManufacturing TipsProduction planningSupply Chain Different purchasing practices for manufacturers A robust and accurate planning system is critical to any manufacturer. In this article, we are comparing different purchasing practices – ROP/ROQ Principles vs MRP System Planning. By Karl Heinrich Lauri 7 min read
AccountingManufacturing TipsProduction planning What Are Source Documents in Accounting? The article gives an overview of what are accounting source documents and what are their goals, content, and examples. By Karl Heinrich Lauri 7 min read
Choosing a SoftwareManufacturing TipsProduction planning Material Requirements Planning and Manufacturing Resource Planning difference The MRP is a planning system that allows you to manage the production resources of an organization. Here is an overview of Material Requirements Planning (MRP I) and Manufacturing Resource Planning (MRP II) differences. By Karl Heinrich Lauri 6 min read
Manufacturing TipsProduction planning Production Planning Methods Production planning is defined as the process whereby a company makes sure that supplies and raw materials are in place at the appropriate time and in the correct quantity. Here is an overview of different production planning methods. By Karl Heinrich Lauri 8 min read
Manufacturing TipsProduction planningSupply Chain Forecasting Practice in Manufacturing Business The forecast is an effective tool for planning and managing any type of manufacturing business. Regardless of the industry type, it will reduce the risks. By Karl Heinrich Lauri 6 min read
Manufacturing TipsProduction planning What is Lean Manufacturing? The premise of lean manufacturing is rather simple: companies must strive to eliminate waste from the manufacturing process. By Karl Heinrich Lauri 5 min read
Production planning What Is Six Sigma? There are many moving parts to Six Sigma, but in a few words, one can define it as a systematic approach for eliminating errors. By Karl Heinrich Lauri 6 min read
Production planning What is Kaizen? It’s hard to believe, but it’s been over thirty years since Masaaki Imai wrote his game-changing book, Kaizen: The Key to Japan’s Competitive Success. By Karl Heinrich Lauri 6 min read
Choosing a SoftwareProduction planning MRP I vs. MRP II: What’s the Difference? When you’re looking for an MRP system, it’s important to distinguish between Material Requirements Planning (sometimes referred to as MRP I) and Manufacturing Resource Planning (known as MRP II). By Karl Heinrich Lauri 3 min read
