Production planning

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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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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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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What Is Cellular Manufacturing?

Cellular manufacturing is a method of process improvement and as such, it is an important part of the lean philosophy. It consists of reorganizing your shop floor in a way that would accommodate the greatest efficiency.

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Bill of Materials (BOM) – 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.

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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.

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What is Cost of Quality and How to Calculate It?

The 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 an effective measure to identify cash drains, it can also be used to balance the price and quality relationship of your products.

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