InventoryManufacturing TipsSupply Chain Packaging Management: Workflows, Inventory, and Tools Packaging is as much a part of production or shipping workflows as assembly, picking, or any other step in a product’s routing. Modern manufacturing software takes this into account, offering built-in functionalities that make packaging management a breeze. By Mattias Turovski 13 min read
InventorySupply Chain Top Warehouse KPIs for Small Businesses – What To Track and Why? Your shop floor and inventory management workflows might be spotless, but if your warehousing practices are poor, overall efficiency can still suffer. Luckily, tracking essential warehouse metrics provides insight into what’s holding you back and why. By Mattias Turovski 16 min read
Inventory Stocktake – A Practical Guide to Inventory Counts Most small businesses learn this the hard way – running out of critical components during high season costs far more than regular inventory counts. That’s why smart manufacturers and distributors make stocktakes a cornerstone of their operations. By Steve Maurer, IME 13 min read
Inventory Lean Inventory Management – Core Principles and How to Implement Lean inventory management is a strategic inventory approach that helps companies operate with less capital tied up in inventory while maintaining agility and responsiveness to market demands. Rooted in Lean manufacturing principles, its goal is to reduce excess stock, improve efficiency, and deliver customer value. By Mattias Turovski 15 min read
AccountingInventoryManufacturing Tips Inventory Costs – Types, Examples, and Tips to Manage Them Inventory costs make up a substantial part of any manufacturing or distribution company’s total expenses. But the purchase price is just the beginning—storage, handling, and opportunity costs add up fast. Getting a handle on these expenses directly impacts your bottom line, profit margins, and competitive position. By Steve Maurer, IME 18 min read
InventoryManufacturing Tips Warehouse Organization – 10 Best Practices for Small Businesses There are many moving parts to running a profitable business. One critical but often overlooked component is an efficient warehouse operation. Here’s why it’s important, along with 10 warehouse organization tips to optimize and keep it running smoothly. By Steve Maurer, IME 13 min read
InventorySupply Chain Overstocking and How to Prevent It Overstocking means holding more inventory than is actually needed. While it might sound like a good idea to have extra stock lying around just in case, it can significantly increase your operating costs and erode profits. By Madis Kuuse 8 min read
InventoryManufacturing Tips What Is Dead Stock and How to Avoid It? Dead stock, also called dead inventory, happens when materials, components, or products lose their purpose. Understanding the causes of dead stock helps you prevent costly tie-ups of cash and space. Dead stock management starts with recognizing the warning signs. By Steve Maurer, IME 12 min read
AccountingInventory Specific Identification Inventory Valuation – When to Use it? Managing inventory costs in manufacturing? The specific identification method tracks each item’s actual cost from purchase to sale—no estimates, no assumptions. It’s the most accurate way to calculate the cost of goods sold, but the complexity means it only makes sense for certain operations. By Steve Maurer, IME 11 min read