Cycle inventory is the stock that is used to respond to regular sales and demand forecasts, as opposed to the safety stock used when there are fluctuations in demand or supply. Properly managing cycle stock is therefore a crucial part of any well-functioning business.
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Chip shortages, Hurricane Ida weigh on U.S. factory output; demand remains strong; UK Manufacturers Plead for More State Funds to Boost Sector.
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The bullwhip effect is a supply chain phenomenon related to sudden changes in demand signals, when a slight movement in demand can cause large swings throughout the supply chain. To avoid a destructive “whip crack” at the end, companies need to be prepared to mitigate the effect.
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The supply chain crisis and US ports: ‘Disruption on top of disruption’; UK Manufacturing Production rises by 0.5% MoM in August vs. 0% expected; Eurozone industrial output falls as supply bottlenecks take toll.
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Lot tracking, also known as batch tracking, is an important process for ensuring quality, most commonly for traceability and recall purposes. It is a crucial part of doing business in highly regulated industries, but it has its advantages regardless of the product.
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U.S. factory orders gain steam as manufacturing keeps humming; UK manufacturing growth slows amid labour shortages and supply chain strain; EU’s costly plan to close the semiconductor gap; German industrial production fell more than expected in August on supply shortages
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Vendor-managed inventory is a supply chain management method wherein a supplier is responsible for replenishing the inventory of the buying company. This approach can lead to better inventory optimization, reduced costs, and stronger relationships between companies.
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US: Markit Manufacturing PMI Edges Lower to 60.5 in September vs. 62.5 Expected; Plastics Manufacturing Employment Outpaces U.S. Manufacturing; UK Economy Bounced Back by More Than Thought in Q2 Before Slowdown.
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Batch production is a type of manufacturing process where products are made in batches, meaning that goods go through production steps in groups. Batch production allows for manufacturing goods flexibly in large quantities while reducing manufacturing costs and improving quality.
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The U.S. Is On Track to Bring a Record Number of Jobs Back to the Country; UK manufacturing orders gauge hits record high in September: CBI; Strong Rise in Manufacturing Jobs to Drive Australian Recovery.
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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.
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Hurricane Ida, supply constraints hold back U.S. factory production; US: Empire State Manufacturing Index improves to 34.3 in September vs. 18 expected; Germany Squeezed by Supply Chains.
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