AccountingManufacturing Tips What Is Cost per Unit and How to Reduce It? Understanding your cost per unit enables you to monitor production costs, set competitive prices for your products, and increase profitability. By Madis Kuuse 9 min read
Manufacturing TipsProduction planning Production Orders and How to Use Them More Efficiently Efficiently managing production orders is key to staying ahead in manufacturing—here are actionable tips to help you optimize the process. By Steve Maurer, IME 12 min read
Manufacturing TipsSupply Chain Procurement Management – A Quick Guide for Small Manufacturers Procurement management is more than making phone calls and arranging the purchase of materials. It is a vital part of any manufacturing operation that helps to ensure the right materials are in the right place and at the right time. By Mattias Turovski 17 min read
Manufacturing Tips What is Production Downtime? Key Terms Explained Unplanned downtime is more than just lost production–it’s a race against time to stop excessive damage to a company. This post explores downtime in manufacturing, ways of mitigating it, and the crucial difference between unplanned and planned downtime. By Steve Maurer, IME 13 min read
Manufacturing TipsProduction planning What is Throughput Time in Manufacturing? Throughput time is an important KPI in manufacturing management, helping companies to improve performance both on the shop floor and in the supply chain. Let’s take a deeper dive into the metric. By Madis Kuuse 10 min read
Manufacturing Tips 10 Manufacturing Lessons from Santa’s Workshop Santa’s workshop isn’t just a magical place where elves run around and toys come to life—it’s a masterclass in how to run a top-notch manufacturing operation. Here’s how you can put some of Santa’s magic into your growing business. By Madis Kuuse 6 min read
AccountingERPManufacturing Tips What Is Job Costing and How to Get It Right? Job costing is a tried and tested cost accounting method useful for many companies. In this article, we look at the components of job costing, where to use it, and talk about the importance of accurate cost accounting. By Mattias Turovski 11 min read
InventoryManufacturing Tips How to Calculate Reorder Quantity? Formula, Tips, and Tools Knowing your reorder quantity (ROQ) helps you order just the right amount of items to avoid stockouts or having too much. This guide covers calculating ROQ and how tools like procurement software can simplify inventory management. By Siim Kanne 8 min read
Manufacturing Tips HR in Manufacturing: Driving Efficiency in the Workforce At its core, manufacturing relies on the workforce to make production happen, even if the operation is largely automated. Managing human resources in manufacturing has unique challenges and differences compared to other sectors. In this post, we delve into HR in manufacturing and look at its trends, challenges, and best practices. By Mattias Turovski 12 min read