Manufacturing Slows in the U.S. and Abroad, Supply-Chain Bottlenecks, and a Look at Consumer Confidence; Supply chain issues weigh down UK manufacturing sector growth; Rebound in German factory output signals bottlenecks easing.
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Inventory tracking means monitoring stock movements to increase visibility in the company’s supply chain. This added transparency helps businesses improve their ordering and overall inventory management practices, ensure traceability, and make sure that goods reach the production floor and the customer at the right time.
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U.S. manufacturing activity rises; shortages linger; Supply issues in UK manufacturing push up prices; Germany August flash manufacturing PMI 62.7 vs 65.0 expected; Australian Manufacturing New Orders Slowed in August.
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Job costing means tracking the costs related to individual orders. This allows accounting to measure the profitability of each project separately and to use it as a basis for customer quotes and financial planning.
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US: Markit Manufacturing PMI retreats to 61.2 in August vs. 62.8 expected; U.S. Manufacturing Shipments Set to Rebound in 2021; U.K. Construction and Manufacturing Push Up Wage Inflation; Supply Chain Issues are Hindering UK Manufacturing Recovery.
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Dead stock consists of inventory items that your business cannot use according to their original purpose. There are many different types of dead stock and various ways to either eliminate it or avoid it in the first place.
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U.S. manufacturing production accelerates in July; Nearly All Small UK Manufacturers Face Costs Headache; UK Unemployment Falls Amid Record Rise in Job Vacancies; Made Smarter Helps SME Manufacturers Prepare for Digital Future Challenges With Leadership Programme.
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Tim Grant, ERP consultant at Business Solution Providers Inc., writes about why his experience helping small to mid-sized manufacturers choose and implement software has made him prefer “a true manufacturing program like MRPeasy”.
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Senate Passes $3.5 Trillion Budget Plan, Advancing Safety Net Expansion; Can US Infrastructure Plan aid Manufacturing?; UK economic recovery speeds up in June after lockdown measures relaxed; Australian Manufacturers to Share in $800 Million Funding.
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The world has experienced historic supply chain disruptions during the last years. From trade wars and COVID-19 to semiconductor shortages and the Suez canal blockage – there are few industries that have not been affected. The lesson learned is to be better prepared and to remain flexible.
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Solid U.S. factory orders, business spending on equipment point to enduring manufacturing strength; UK manufacturing maintains growth despite demand and supply disruption driving up costs; German factories humming, supply shortages constrain growth – PMI.
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When it comes to implementing an MRP system, many small manufacturers think it will be too expensive for them. To put their minds at ease, we have compiled a small guide to calculating the Return on Investment of an MRP system.
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