Manufacturing Tips Batch Production – Benefits, Examples, and Tips Batch production is a manufacturing process in which a group or “batch” of identical products go through production steps together. This reduces cycle times per product and enables goods to be manufactured flexibly in large quantities. By Madis Kuuse 11 min read
Choosing a SoftwareImplementationManufacturing Tips Advantages and Disadvantages of Using an MRP System Even though MRP systems are quickly becoming the norm even among SMEs, manufacturers need to be aware of their advantages and disadvantages before deciding to implement new software. Apart from the general benefits and downsides that can be applied to most MRP systems, there are also aspects that can drastically vary from provider to provider. By Madis Kuuse 10 min read
Manufacturing Tips Manufacturing Analytics – A Simple Guide for SMEs Manufacturing analytics is the process of collecting and analyzing data to get insights for improving efficiency in a manufacturing organization. While MA used to be the playing field of only large enterprises, nowadays even the smallest manufacturer can benefit from it. By Madis Kuuse 11 min read
AccountingInventoryManufacturing Tips How to Calculate the Cost of Goods Manufactured (COGM)? Knowing your cost of goods manufactured is vital for a good overview of production costs and how they relate to the bottom line. COGM also allows management to identify cash drains, adjust prices, and track the development of the business. You can also listen to this article: By Mattias Turovski 11 min read
Choosing a SoftwareManufacturing TipsProduction planning Production Planning with Excel – Opportunities and Limitations Excel and other spreadsheet applications have been used in production planning for decades. Even though they are a viable first-step solution for micro-companies, a growing business should already look for something more scalable. By Madis Kuuse 9 min read
Manufacturing TipsProduction planning Production Optimization – A Simple Guide for SMEs The realm of production optimization is as diverse as there are different manufacturing workflows. Optimizations can range from changing inventory and warehouse layouts to adopting machine learning and advanced AI. In this post, we look at the basics of production optimization with a focus on how small manufacturers can optimize their processes. By Mattias Turovski 10 min read
AccountingManufacturing TipsProduction planning Total Manufacturing Cost – What is it and How to Calculate it? Total manufacturing cost is an essential metric for understanding the profitability of a business. It can be used to adjust the selling price of your products, identify and cut expenses, and calculate other key metrics like the Cost of Goods Manufactured. In this post, we explore total manufacturing cost and its utility to manufacturers. By Madis Kuuse 10 min read
Manufacturing Tips 6 Brutal Questions That Leave Small Manufacturers Exhausted The manufacturing sector is going through a deeply challenging period. Here are six questions arising in the day-to-day operations of modern small manufacturers that leave managers exhausted. By Mattias Turovski 4 min read
AccountingChoosing a SoftwareManufacturing Tips How to Use QuickBooks in Manufacturing? QuickBooks is one of the most popular accounting systems among growing businesses today. But when it comes to production management, the software needs a substantial amount of extra power. Here is how to make QuickBooks Online work in a manufacturing company. By Madis Kuuse 7 min read