Manufacturing TipsSupply Chain Vendor Management – An Essential Guide for SMEs Vendor management is a set of tools that companies use to ensure profitable and efficient relationships with their suppliers. Coming a long way from traditional phone calls, faxes, and emails, today even small businesses have started to utilize software to manage their communication with vendors. By Karl Heinrich Lauri 8 min read
InventoryManufacturing TipsSupply Chain Inventory Tracking – An Essential Guide For SMEs Inventory tracking means monitoring stock movements to increase visibility in the company’s supply chain. This added transparency helps businesses improve their ordering and overall inventory management practices, ensure traceability, and make sure that goods reach the production floor and the customer at the right time. By Karl Heinrich Lauri 9 min read
Manufacturing TipsSupply Chain How to Manage Supply Chain Disruptions? The world has experienced historic supply chain disruptions during the last years. From trade wars and COVID-19 to semiconductor shortages and the Suez canal blockage – there are few industries that have not been affected. The lesson learned is to be better prepared and to remain flexible. By Karl Heinrich Lauri 9 min read
ERPSupply Chain IT Designed to Suit Garment Manufacturing Supply Chains From increasing demand for customization to ever-stricter regulations, these are exciting times for garment manufacturers – if they embrace digitalization. By Karl Heinrich Lauri 6 min read
ERPInventoryManufacturing TipsSupply Chain Return Merchandise Authorization (RMA) – Managing Product Returns Return Merchandise Authorization or RMA is a systemic approach to handling product returns. It allows for better tracking, makes the processes quicker, and could thereby improve customer satisfaction. By Madis Kuuse 7 min read
InventoryProduction planningSupply Chain What Is Demand Forecasting and What Can MRP Software Do With It? Demand forecasting could be the key to a business’s future. But how does it work and how could it be leveraged in a way that would be most beneficial? By Karl Heinrich Lauri 7 min read
Manufacturing TipsProduction planningSupply Chain An Urgent Matter of Supply Chain Preference COVID-19 has accentuated problems and accelerated change in a global supply chain environment already under stress. By Karl Heinrich Lauri 6 min read
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
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
