Running an efficient and smooth manufacturing business may seem like a daunting task among small businesses.

Progress, profitability, and expansion are only possible if a company makes use of a multi-user inventory software system that guarantees a simplified and hassle-free management of the different tasks that make up the manufacturing process.

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Inventory control allows companies to maintain the proper balance of stock in their warehouses and help with providing superior customer service.

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It wasn’t all that long ago that 3D printing was a concept suitable for an episode of The Twilight Zone. It was no more realistic or practical than space travel or driverless vehicles.

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By implementing common sense and best practices for inventory adjustments, a company can realize inventory accuracy that keeps processes on track.

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These tips could help you, if you have used ERP/MRP software previously, but you do not have your own experience in implementation of ERP/MRP systems.

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Key Performance Indicator or KPI is a quantifiable measure used to evaluate the success of an organization. Here are key manufacturing KPIs to track.

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What is inventory? The answer is obvious. Inventory is everything that is in the warehouse – in pieces, or in money.

It is a list of stock items with their quantities and sums, grouped by an item, by shelf, by lot/batch and including (or excluding) items that are usually procured/sold by the company. Inventory is just one number: the total cost of goods that are currently in stock.

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For a food manufacturing business, many requirements must be met, which can vary depending on the type of food you make, the facilities that you use, and the market you operate in.

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Any manufacturer understands the importance of practices that add value to their operation, and that’s exactly what’s at the core of lean manufacturing.

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The reorder point, also known as ROP, is the inventory level at which an order is triggered to replenish the inventory stock.

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