Week 45 in Manufacturing News
Supply chain crisis triggers a ‘renaissance of American manufacturing’; UK Manufacturing Production rises by 0.1% MoM in September vs. 0.2% expected; German factory orders make feeble recovery in September.
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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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Week 44 in Manufacturing News
U.S. manufacturing sector slows moderately in October; Output growth slows for UK manufacturing SMEs in October; German Manufacturing Orders Rebounded in September.
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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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Week 43 in Manufacturing News
US: Markit Manufacturing PMI edges lower to 59.2 in October vs. 60.3 expected; UK manufacturing growth slows as costs rise; German Preliminary Manufacturing PMI improves to 58.2 in October vs. 56.5 expected.
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What Is Cycle Inventory and How to Manage It?
Cycle inventory is the stock that is used to respond to regular sales and demand forecasts, as opposed to the safety stock used when there are fluctuations in demand or supply. Properly managing cycle stock is therefore a crucial part of any well-functioning business.
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Week 42 in Manufacturing News
Chip shortages, Hurricane Ida weigh on U.S. factory output; demand remains strong; UK Manufacturers Plead for More State Funds to Boost Sector.
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The Bullwhip Effect and How to Manage It
The bullwhip effect is a supply chain phenomenon related to sudden changes in demand signals, when a slight movement in demand can cause large swings throughout the supply chain. To avoid a destructive “whip crack” at the end, companies need to be prepared to mitigate the effect.
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Week 41 in Manufacturing News
The supply chain crisis and US ports: ‘Disruption on top of disruption’; UK Manufacturing Production rises by 0.5% MoM in August vs. 0% expected; Eurozone industrial output falls as supply bottlenecks take toll.
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What Is Lot Tracking and How to Use It?
Lot tracking, also known as batch tracking, is an important process for ensuring quality, most commonly for traceability and recall purposes. It is a crucial part of doing business in highly regulated industries, but it has its advantages regardless of the product.
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Week 40 in Manufacturing News
U.S. factory orders gain steam as manufacturing keeps humming; UK manufacturing growth slows amid labour shortages and supply chain strain; EU’s costly plan to close the semiconductor gap; German industrial production fell more than expected in August on supply shortages
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What Is Vendor-Managed Inventory (VMI) and How to Use It?
Vendor-managed inventory is a supply chain management method wherein a supplier is responsible for replenishing the inventory of the buying company. This approach can lead to better inventory optimization, reduced costs, and stronger relationships between companies.
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