Production planning is defined as the process whereby a company makes sure that supplies and raw materials are in place at the appropriate time and in the correct quantity. Here is an overview of different production planning methods.

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Stock Keeping Unit, known also as SKU, is a term used in Inventory Management. It is a distinct type of item for sale. It can be a product, a service or a mix of both. It has to be unique, which means that two different SKUs have always a relevant attribute distinguishing one from the other.

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Your company’s social interactions are an invaluable source of intelligence, recurring revenue, partner possibilities, and new production.

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For manufacturing companies, few things are as important in finance departments than inventory costing. Here’s an overview of different inventory valuation methods.

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When you’re looking for an MRP system, it’s important to distinguish between Material Requirements Planning (sometimes referred to as MRP I) and Manufacturing Resource Planning (known as MRP II).

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Manufacturers are inclining more toward becoming positioned technologically. As implementing these advancements, they face aspects that must be considered.

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MRP stands for Manufacturing Resource Planning, including workforce, materials and operations planning. It’s a methodology aimed at managing the whole quote-to-cash workflow process with the goal to improve the processes while the company grows.

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The forecast is an effective tool for planning and managing any type of manufacturing business. Regardless of the industry type, it will reduce the risks.

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Without the BOM – short for Bill of Materials – you know you want to build a product, but it’s hard to make sure that you have everything you need. An employee will even have trouble understanding, what the product is.

Choosing a suitable ERP system for your company is not a simple task. Amongst