In distributed manufacturing, production facilities are scattered throughout an extended geographical area, each one serving their local market, with their work coordinated with the help of cloud-based software. Distributed manufacturing is gradually gaining ground thanks to providing benefits such as shorter lead times and lower distribution costs.
Lot numbers are unique identifiers assigned to specific batches of products, allowing for traceability and quality control throughout the supply chain. Understanding lot numbers is essential for businesses to ensure product safety, regulatory compliance, efficient inventory management, and effective recall processes.
Implementing proper materials management practices allows businesses to make sure the correct materials with the best price and quality reach the shop floor at the right time and in the correct quantity. Follow these best practices to get more control over this essential segment of the supply chain.
Traceability is the ability to track a product or item throughout its entire supply chain, from its origin to the end consumer. Traceability enhances product safety and consumer trust by enabling companies to identify contamination or defect sources, perform targeted interventions and efficient product recalls, and increase transparency regarding the origins and handling of products.
Product Lifecycle Management (PLM) is the process of managing a product throughout its lifespan, from concept to manufacturing to disposal. Using PLM or MRP software to manage their products could bring manufacturers benefits ranging from better collaboration to optimized production processes and higher product quality.
Supply chain management encompasses everything from negotiating vendor contracts for raw materials to handling returns of a product. While it is a central concept for any company producing or selling physical goods or even services, this post focuses on the importance and best practices of SCM from the perspective of small and medium manufacturers.