High-quality stocktake (inventory checking) provides assurance to managers of all units of the company that the financial statements and software system information on inventory is accurate and fair. At the same time, occasional stocktake works quite well to prevent theft.
Read more
How to Go From Excel to Manufacturing Software / MRP System in Stock Management and Production Scheduling.
Read more
Many small to medium-sized manufacturers, including startups, generally begin life simply with a combination of manual systems combined with one or several small platform software types working side by side.
Read more
Lot/batch tracking is an important process for ensuring quality, most commonly for trace and recall purposes.
Read more
Every manufacturing company must deal with inventory. It is part of doing business.
Read more
With manufacturing gearing up for Industry 4.0, the rapid development of automated equipment and processes mean the pace of manufacturing has outgrown traditional techniques and procedures.
Read more
What is your attitude toward manufacturing inventory? Well, that could depend on your position within the organization. For instance, the production supervisor views inventory as a safeguard against everything that can go wrong during manufacturing, and your accountant looks at it as an asset that has value.
Read more
What is inventory? The answer is obvious. Inventory is everything that is in the warehouse – in pieces, or in money.
Read more
Having a central system for stock lot tracking – also known as batch inventory tracking, lot control and lot traceability – benefits companies where compliance to standards and quality control play a vital role.
Read more
Because of anemic economic recovery, the reduction of inventory is crucial for manufacturers. In order to better manage inventory levels while still ensuring the right part is in the right place at the right time, manufacturers are increasingly relying on advanced information management solutions, according to a survey released in December 2015 by PwC US […]
Read more
Purchasing raw materials and having them ready is pretty much the first step of manufacturing. The following questions need to be answered 24/7 for efficient inventory control:
Read more