Capacity Planning – An Essential Guide for Manufacturers

Capacity planning is an essential tool used in well-functioning manufacturing companies. It determines the necessary capacity required to meet demand and as such, it is a prerequisite for efficient production scheduling, supply chain planning, inventory management, and any other aspect of the business.

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Week 29 in Manufacturing News

Much Is at Stake for American Manufacturing in 2021; New Low-Cost Solutions Help UK Manufacturers Go Digital; Semiconductors: Europe’s Expensive Plan to Reach the Top Tier of Chipmakers; Australia: New Gold Coast Manufacturing Hub Opens in Nerang.

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Week 28 in Manufacturing News

Fed Survey: US Economy Strong but Hindered by Bottlenecks; Democrats Call for a Tax on Imports From Polluting Countries; A new era for R&D tax relief: Vital funding for UK manufacturing; How is digitalisation transforming the manufacturing Industry?

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How to Calculate Total Manufacturing Cost?

Total Manufacturing Cost is an essential metric for understanding the productivity and profitability of a business. Among other things, it can be used to adjust the selling price of your products and to identify and cut unnecessary expenses.

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Week 27 in Manufacturing News

U.S. manufacturing sector grows moderately; prices paid at record high-ISM; US manufacturing: Too hot to handle; UK manufacturing growth slows down in June but remains high; How is digitalisation transforming the manufacturing Industry?

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What is a Master Production Schedule? With Examples

The master production schedule is a production planning tool that defines how much of a product needs to be manufactured at different periods. This simple schedule can be used as a basis for further planning and scheduling throughout the business.

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Week 26 in Manufacturing News

US Companies Hired 692,000 New Workers in June, ADP Says; British Industry’s Output Now at Record Growth Levels; Australian Manufacturing Expanded at Fastest Pace Ever During June; German Economy Poised for a Great Upswing This Year.

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Week 24 in Manufacturing News

Federal Reserve Officials Project Rate Increases in 2023; U.S. Opens $3 Billion Aviation Manufacturing Wage Subsidy Program; The Southwest Is Becoming a New Manufacturing Hub in U.S.; UK Manufacturing Growth Set to Double After Strong Covid Rebound.

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QR Codes vs. Barcodes in Inventory Tracking

When looking for ways to track your inventory, you will undoubtedly arrive at the dilemma of whether you should use barcodes or QR codes. Even though the basic concept behind the two options is the same, there are notable differences between the two.

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