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.
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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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Push systems and pull systems are supply chain management strategies that are used depending on the uncertainty of the demand for a product. While push and pull are very different approaches, many companies also adopt a hybrid push-pull strategy.
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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.
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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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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.
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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.
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Recent years have seen unprecedented disruption in the global economy. Large-scale events such as trade wars, tariffs, COVID-19, and port throughput issues have created massive pressure on the company’s supply chains.
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Just-In-Time Manufacturing helps businesses shorten lead times, minimize inventory, and address other hidden inefficiencies by aligning supplies directly with production schedules.
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Christmas has always been Santa’s favorite time of the year. But until a couple of years ago, making sure that everyone in the world was blessed with holiday cheer was also very stressful. He has, however, been trying to reduce his holiday stress levels and a little bit of software magic goes a long way […]
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Past 90 Days Sees the Largest Streak in Manufacturing Technology Orders in More Than 23 Years; UK Manufacturing Production Meets Estimates With 0% in October; Australia PMI Manufacturing Dropped to 57.4, PMI Services Dropped to 55.1.
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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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