AccountingSalesSupply Chain ManagementTips What Are Backorders? Meaning, Causes, and Tips For manufacturers and distributors alike, backorders constitute a reliable means of keeping up sales even after goods have gone out of stock. In this article, we look at the meaning and causes of backorders and weigh their pros and cons. By Mattias Turovski 11 min read
AccountingSalesTips Job Order Costing in 6 Easy Steps Job order costing allows companies to allocate manufacturing costs to specific jobs, thereby helping them to give more accurate quotes, measure production efficiency, determine the profitability of specific jobs, and draw better budgets. By Madis Kuuse 10 min read
InventorySalesTips What Is SKU Rationalization? Determining which products to continue selling and which ones to discontinue is a challenge most businesses need to face at some point. Because there are many aspects to consider before cutting your product catalog, the process of SKU rationalization is here to help you find a balance between too many and too few SKUs. By Madis Kuuse 8 min read
ERPSalesTips Order Management With Manufacturing Software When a manufacturing company reaches a certain point, order management becomes too complex to be done manually. This is again where digital solutions come to the aid of the manufacturer. By Karl H Lauri 9 min read
Production planningSalesTips Mass Customization – A Viable Option for Small Manufacturers Mass customization is a mixed mode of manufacturing consisting of characteristics from both mass production and make-to-order production modes. Software solutions such as product configurators make mass customization available even to small manufacturers. By Madis Kuuse 6 min read
ERPSalesSupply Chain ManagementTips Lead Time 101 – Definitions, Tips, and Tools for Manufacturers What is lead time and how to measure it? How to reduce your lead times and be more dependable? Here is a comprehensive guide to a topic that directly affects how happy your customers are. By Madis Kuuse 8 min read
AccountingSalesTips How to Calculate the Selling Price of Your Products? Finding the right selling price for your products is a delicate process with many moving parts. Here are some tips to help you better understand the process. By Karl H Lauri 9 min read
Choosing a SoftwareInventorySalesTips Shopify Inventory Management Basics for SMEs 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. You can also listen to this article: By Madis Kuuse 13 min read
AccountingInventorySalesTips 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. By Madis Kuuse 7 min read