Author: Karl

Statistical Process Control – A Manufacturer’s Guide

Statistical Process Control is a method of process and quality monitoring that uses a statistical approach in order to detect inconsistencies in production. It can be an invaluable tool when trying to ensure product conformance, enhance productivity, and reduce waste.

Shopify Inventory Management Basics for Manufacturers and Resellers

Setting up a business in Shopify is an easy thing to do. Properly managing that business, however, takes work. Here are some techniques and apps for effective Shopify inventory management.

How to Calculate the Cost of Goods Manufactured (COGM)?

Calculating the Cost of Goods Manufactured is a good way to get an overview of production costs and how they relate to the bottom line of your business. It allows management to identify cash drains, to adjust prices, and to track the development of the business.

Bill of Materials – An Essential Guide for Manufacturers

Regardless of the size of the manufacturing operation, a Bill of Materials (BOM) is vital for production. Companies across the globe utilize them as the guide and shopping list for their final product and as such, they are tied into manufacturing, maintenance, scheduling, purchasing, and other areas of the organization.

The Story of the World’s Most Versatile Manufacturer

As manufacturers, we cannot wish for a better spokesperson than Santa Claus. He has a strong brand, is well-liked throughout the world, and brings efficiency to a whole new level.

Inventory Turnover Ratio – Formula and Tips for Improvement

The inventory turnover ratio is a good indicator of the performance of your company. Find a balance between sales and stock by using these formulas and tips.

What is Cycle Time in the Manufacturing Process?

Cycle time is often confused with throughput time and takt time, but it is nevertheless a separate manufacturing performance indicator used to measure the duration of specific production processes and to get vital insight into your production efficiency.

Materials Management – Best Practices for Small Manufacturers

Implementing proper materials management methods allows businesses to make sure raw materials reach the shop floor at the right time, in the right quantity and quality. Follow these best practices to get more control over this essential supply chain function.

What is Cost of Quality and How to Calculate It?

Cost of Quality is the sum of the costs related to providing a quality product and the costs related to not providing a quality product. While being an effective measure to identify cash drains, it can also be used to balance the price and quality relationship of your products.