Inventory

Inventory Adjustments Within a Manufacturing ERP

By implementing common sense and best practices for inventory adjustments, a company can realize inventory accuracy that keeps processes on track.

Stock Keeping Unit (SKU) – best practices for inventory classification

Following good practices is recommended when managing the SKUs. Here is an overview of some of the best practices to follow.

Inventory Valuation Methods – Finding the Right Method

For manufacturing companies, few things are as important in finance departments than inventory costing. Here’s an overview of different inventory valuation methods.

How Stocktake Helps Prevent and Detect Theft

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.

7 key benefits of manufacturing inventory management software

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.

8 Ways to Reduce Manufacturing Inventory

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.

Best Manufacturing Inventory Software

What is inventory? The answer is obvious. Inventory is everything that is in the warehouse – in pieces, or in money.

Stock Lot Tracking for High-Quality Manufacturing Process

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.

Reducing Inventory by Following Suppliers’ Discipline

You can also listen to this article: 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 […]

Inventory control in manufacturing – easy!

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:

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