Supply Chain Management Archives - Blog for Manufacturers and Distributors

Production planningSupply Chain Management

What is Reorder Point and Reorder Point Formula?

Keeping optimal stock levels in order to avoid stockouts is an integral task of inventory management. One of the most fundamental ways in which to ensure this is setting and maintaining the right reorder points.

By Mattias Turovski 12 min read

InventorySupply Chain Management

What is Consignment Inventory?

With eCommerce taking the world by storm and complex, continent-spanning supply chains the new normal in retail, selling goods on consignment is gaining popularity across diverse manufacturing sectors. In this post, we look at what is consignment inventory and weigh its pros and cons.

By Mattias Turovski 11 min read

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

InventorySupply Chain ManagementTips

Inventory Planning – A Quick Guide

Inventory represents the very foundation of any manufacturing or distribution operation. Keeping the raw materials, WIP, and finished goods inventories at optimal levels is crucial for short- and long-term business success.

By Mattias Turovski 10 min read

Supply Chain ManagementTips

Traceability in the Food Industry – Basic Requirements and Best Practices

Few manufacturing sectors are as dependent on good traceability practices as the food and beverage industry. In this article, we look at why traceability is so important for food manufacturers and which features should be foremost implemented.

By Mattias Turovski 10 min read

Choosing a SoftwareSupply Chain ManagementTips

How to Communicate Effectively in a Manufacturing Company?

An exchange of information is necessary to trigger any kind of action and as such, communication is an essential part of any manufacturing business. Improving your communication process and practices can therefore have a significant effect on the efficiency of your business.

By Madis Kuuse 8 min read

InventorySupply Chain ManagementTips

Purchase Order Management – Achieving Consistent Deliveries

For any manufacturing company that relies on components and raw materials from suppliers, purchase order management constitutes an important set of practices that can significantly simplify the procurement process. In this article, we look at how to achieve consistent success with your procurements using the best purchase order management practices and solutions.

By Mattias Turovski 9 min read

Supply Chain ManagementTips

What Is Co-Packing or Contract Packing?

Co-packing means having a specialized packing company package your manufactured goods into their final selling form. Using a co-packer helps small manufacturers focus on their core competencies, save money on packaging equipment, labor, and logistics, and sell their products in higher-quality packaging.

By Madis Kuuse 6 min read

Supply Chain ManagementTips

Procurement Planning – A Simple Guide

A thoroughly planned procurement process helps to ensure that a company’s purchases arrive in a timely manner and in the right quantities, from the best vendors and with good prices. A well thought out procurement plan helps businesses stay in control of the product manufacturing cycle and avoid last-minute surprises.

By Mattias Turovski 9 min read