Inventory What Is Safety Stock and How to Calculate It? Safety stock is the buffer inventory that helps companies keep serving their customers when disruptions occur. Striking a balance between stockouts and overstocking needs to rely on reliable data and mathematical equations, however. By Madis Kuuse 13 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
ERPManufacturing Tips Paperless Manufacturing – How to Build a Paperless Factory? Paperless manufacturing means managing, coordinating, and reporting production activities purely with digital solutions. A paperless factory typically sees benefits such as the elimination of non-value-added tasks, better traceability, optimized production scheduling, shorter lead times, etc. By Madis Kuuse 9 min read
Choosing a SoftwareImplementationManufacturing Tips Advantages and Disadvantages of Using an MRP System Even though MRP systems are quickly becoming the norm even among SMEs, manufacturers need to be aware of their advantages and disadvantages before deciding to implement new software. Apart from the general benefits and downsides that can be applied to most MRP systems, there are also aspects that can drastically vary from provider to provider. By Madis Kuuse 12 min read
AccountingManufacturing TipsProduction planning Total Manufacturing Cost – What is it and How to Calculate it? Total manufacturing cost is an essential metric for understanding the profitability of a business. It can be used to adjust the selling price of your products, identify and cut expenses, and calculate other key metrics like the Cost of Goods Manufactured. In this post, we explore total manufacturing cost and its utility to manufacturers. By Madis Kuuse 10 min read
Manufacturing TipsProduction planning What Is Production Capacity and How to Calculate It? Production capacity is an essential metric for any manufacturer planning their production. Knowing it helps to provide customers with more accurate lead times and can be a great aid in forecasting cash flow. In this post, we look at what production capacity is and explore different ways how to calculate it. By Mattias Turovski 11 min read
Manufacturing Tips What Is Agile Manufacturing? Agile manufacturing is an approach to manufacturing that aims to increase product quality and service while reducing cost by implementing feedback-based design, planning, and production practices. Digital technology is at the heart of this modern manufacturing methodology. By Karl H Lauri 6 min read
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 H 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 H Lauri 9 min read
Choosing a SoftwareManufacturing Tips Easy Manufacturing & Inventory with MRPeasy Tim Grant, ERP consultant at Business Solution Providers Inc., writes about why his experience helping small to mid-sized manufacturers choose and implement software has made him prefer “a true manufacturing program like MRPeasy”. By Karl H Lauri 7 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 H Lauri 9 min read
ERPImplementationManufacturing Tips Change Management in Manufacturing: Implementing an ERP system An ERP project is a project of change. For it to be effective, however, organizational change must be expertly managed and communicated. By Madis Kuuse 6 min read
