Tips

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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QR Codes vs. Barcodes in Inventory Tracking

When looking for ways to track your inventory, you will undoubtedly arrive at the dilemma of whether you should use barcodes or QR codes. Even though the basic concept behind the two options is the same, there are notable differences between the two.

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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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