US manufacturing and construction point to 6%+ GDP growth; British manufacturing growth speeds up for second month in a row despite supply chain squeeze, data shows; Supply bottlenecks weigh on German factory activity in November -PMI; Australian Manufacturing Sector Shrugs Off Delta Blues.
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The goal of every manufacturing business is to be as efficient as possible. But without being able to accurately gauge your efficiency, it is hard to know where you stand and what goals to set. Here is where manufacturing KPIs come into play.
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U.S. economy regaining speed as unemployment claims fall; manufacturing surges; How the global chip shortage is boosting US manufacturing; U.K. manufacturing orders and output price expectations reach highest levels since at least 1977; German business activity picks up in November, as price pressures hit record high -PMI.
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Lean warehouse management is a methodology that takes the lean principles widely used in manufacturing environments and applies them to warehousing. Putting an emphasis on removing waste, lean warehouse management helps companies optimize and continuously improve their inventory processes.
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U.S. Factory Output Rises More Than Forecast as Ida Impact Fades; UKEF Overhauls Guarantees to Kickstart Major Exports; Best of British Manufacturing: The Manufacturer MX Awards 2021 Winners Announced.
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A stocktake is the act of counting and recording the quantities of goods in stock to compare the results with available inventory data and find discrepancies. It is a crucial part of any business that holds inventory and that is why the process of performing a stocktake needs to be rigorously organized.
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Supply chain crisis triggers a ‘renaissance of American manufacturing’; UK Manufacturing Production rises by 0.1% MoM in September vs. 0.2% expected; German factory orders make feeble recovery in September.
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Inventory costs make up a substantial part of any manufacturing or distributing company’s total expenses. To ensure the good financial health of your business, it is necessary to know how to make sense of these expenses and how to balance them.
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U.S. manufacturing sector slows moderately in October; Output growth slows for UK manufacturing SMEs in October; German Manufacturing Orders Rebounded in September.
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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.
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US: Markit Manufacturing PMI edges lower to 59.2 in October vs. 60.3 expected; UK manufacturing growth slows as costs rise; German Preliminary Manufacturing PMI improves to 58.2 in October vs. 56.5 expected.
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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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