Manufacturing Supply Chain Management: Best Practices

Supply Chain

What Is Product Lifecycle Management (PLM)?

Product Lifecycle Management (PLM) is the process of managing a product throughout its lifespan, from concept to manufacturing to disposal. Using PLM or MRP software to manage their products could bring manufacturers benefits ranging from better collaboration to optimized production processes and higher product quality.

By Madis Kuuse 10 min read

InventorySupply Chain

Manufacturing Supply Chain Management – Best Practices for SMEs

Supply chain management encompasses everything from negotiating vendor contracts for raw materials to handling returns of a product. While it is a central concept for any company producing or selling physical goods or even services, this post focuses on the importance and best practices of SCM from the perspective of small and medium manufacturers.

By Mattias Turovski 11 min read

InventoryManufacturing TipsSupply Chain

Material Planning – Definition, Tools, and Tips

Material planning is the process of figuring out what and how much is needed in order to produce goods within a specified timeframe, and ensuring the timely delivery of those materials. Accurate material planning can contribute significantly to the efficiency and profitability of a company.

By Madis Kuuse 13 min read

Manufacturing TipsSupply Chain

What Is Vendor Managed Inventory (VMI) and How To Use It?

Vendor Managed Inventory is a practical supply chain management method that can lead to better inventory optimization, reduced costs, and stronger relationships between companies. But only if it’s done right.

By Madis Kuuse 11 min read

InventoryManufacturing TipsSupply Chain

What Is Economic Order Quantity (EOQ) and the EOQ Formula?

Economic order quantity is a supply chain management technique used to determine the optimal lot size per order. This is done in order to avoid stockouts and overstocking, thereby balancing inventory costs and opportunity costs.

By Madis Kuuse 9 min read

Production planningSupply Chain

What is Reorder Point and Reorder Point Formula?

Keeping optimal stock levels in order to avoid stockouts is an integral task of inventory management. One of the most fundamental ways in which to ensure this is setting and maintaining the right reorder points.

By Mattias Turovski 12 min read

InventorySupply Chain

What is Consignment Inventory?

With eCommerce taking the world by storm and complex, continent-spanning supply chains the new normal in retail, selling goods on consignment is gaining popularity across diverse manufacturing sectors. In this post, we look at what is consignment inventory and weigh its pros and cons.

By Mattias Turovski 11 min read

NewsProduction planningSupply Chain

A Day in the Life of a Manufacturing Elf

Peasy the Elf is the Production Manager of Santa’s Workshop. Leaning on some software magic and his decades of experience in manufacturing, he makes sure the right presents reach the right people each holiday season.

By Madis Kuuse 4 min read

AccountingManufacturing TipsSalesSupply Chain

What Are Backorders? Meaning, Causes, and Tips

For manufacturers and distributors alike, backorders constitute a reliable means of keeping up sales even after goods have gone out of stock. In this article, we look at the meaning and causes of backorders and weigh their pros and cons.

By Mattias Turovski 11 min read

Supply Chain

What Is Product Lifecycle Management (PLM)?

Manufacturing Supply Chain Management – Best Practices for SMEs

Material Planning – Definition, Tools, and Tips

What Is Vendor Managed Inventory (VMI) and How To Use It?

What Is Economic Order Quantity (EOQ) and the EOQ Formula?

What is Reorder Point and Reorder Point Formula?

What is Consignment Inventory?

A Day in the Life of a Manufacturing Elf

What Are Backorders? Meaning, Causes, and Tips

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Supply Chain

What Is Product Lifecycle Management (PLM)?

Manufacturing Supply Chain Management – Best Practices for SMEs

Material Planning – Definition, Tools, and Tips

What Is Vendor Managed Inventory (VMI) and How To Use It?

What Is Economic Order Quantity (EOQ) and the EOQ Formula?

What is Reorder Point and Reorder Point Formula?

What is Consignment Inventory?

A Day in the Life of a Manufacturing Elf

What Are Backorders? Meaning, Causes, and Tips

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