Tips

Industrial Machinery SMEs Are Facing a Transformation

Industrial equipment and machinery manufacturers are the cornerstone of the manufacturing industry. Building the technology used to increase efficiency in other businesses, industrial machinery builders have always been at the forefront of industrial innovation. Today, these changes are especially profound.

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Production Costs – A Simple Guide

There are several ways to classify the costs associated with the production of goods. Production managers rarely need to look away from total manufacturing costs, which consist of direct material costs, direct labor costs, and manufacturing overheads. However, production accountants and business owners often need to see the bigger picture.

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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.

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Production Control – A Practical Guide

Manufacturing is a diverse world with countless product types and levels of complexity. Many products are made simply in a commodified environment where OEM equipment has reached such productivity levels that output is measured in kilograms, linear meters, or some other volumetric measure rather than units.

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Top 10 Manufacturing KPIs in 2022

The goal of every manufacturing business is to be as efficient as possible. But without being able to accurately gauge your efficiency, it is hard to know where you stand and what goals to set. Here is where manufacturing KPIs come into play.

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Lean Warehouse Management Guide for SMEs

Lean warehouse management is a methodology that takes the lean principles widely used in manufacturing environments and applies them to warehousing. Putting an emphasis on removing waste, lean warehouse management helps companies optimize and continuously improve their inventory processes.

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Stocktake – A Practical Guide to Inventory Counts

A stocktake is the act of counting and recording the quantities of goods in stock to compare the results with available inventory data and find discrepancies. It is a crucial part of any business that holds inventory and that is why the process of performing a stocktake needs to be rigorously organized.

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Inventory Costs – A Quick Overview

Inventory costs make up a substantial part of any manufacturing or distributing company’s total expenses. To ensure the good financial health of your business, it is necessary to know how to make sense of these expenses and how to balance them.

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What Is Agile Manufacturing?

Agile manufacturing is an approach to manufacturing that aims to increase product quality and service while reducing cost by implementing feedback-based design, planning, and production practices. Digital technology is at the heart of this modern manufacturing methodology.

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