InventorySupply Chain ManagementTips How to Keep Perfect Batch Records? Batch records are documents that detail the journey of raw materials becoming batches of finished goods. Even though the term is mostly associated with process manufacturing, especially the pharma industry, every company that manufactures its products in batches or series can benefit from keeping batch records. Here is how to do it. By Madis Kuuse 6 min read
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. By Madis Kuuse 7 min read
Choosing a SoftwareProduction planningTips Production Planning with Excel – Opportunities and Limitations Excel and other spreadsheet applications have been used for 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 8 min read
AccountingTips 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. By Madis Kuuse 8 min read
AccountingTips What Is Manufacturing Overhead and How to Calculate It? Manufacturing overhead is comprised of indirect costs related to manufacturing products. It is an essential part of manufacturing accounting and as such, it should be one of the key factors in determining the prices of your products. By Madis Kuuse 6 min read
ERPInventoryTips Low Stock Alerts and other Manufacturing and Inventory Notifications Even with an ERP/MRP system in place, it might be difficult to keep tabs on inventory requirements, production plans, and other important areas of the business. This is where low stock alerts and other manufacturing and inventory notifications come to your aid. By Madis Kuuse 6 min read
InventorySalesTips 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. By Madis Kuuse 8 min read
Choosing a SoftwareProduction planningTips 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. By Karl H Lauri 9 min read
InventoryTips 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. By Karl H Lauri 8 min read