Manufacturing Tips 10 Manufacturing Lessons from Santa’s Workshop Santa’s workshop isn’t just a magical place where elves run around and toys come to life—it’s a masterclass in how to run a top-notch manufacturing operation. Here’s how you can put some of Santa’s magic into your growing business. By Madis Kuuse 6 min read
AccountingERPManufacturing Tips What Is Job Costing and How to Get It Right? Job costing is a tried and tested cost accounting method useful for many companies. In this article, we look at the components of job costing, where to use it, and talk about the importance of accurate cost accounting. By Mattias Turovski 11 min read
InventoryManufacturing Tips How to Calculate Reorder Quantity? Formula, Tips, and Tools Knowing your reorder quantity (ROQ) helps you order just the right amount of items to avoid stockouts or having too much. This guide covers calculating ROQ and how tools like procurement software can simplify inventory management. By Siim Kanne 8 min read
Manufacturing Tips What Is a Production Cycle and How to Streamline It? The production cycle is the engine behind every manufacturing business. Each stage in this cycle is crucial for maintaining efficiency. But how do you manage all these moving parts effectively? In this article, we’ll break down what a production cycle is, explore its key components, and share strategies for improving efficiency. By Siim Kanne 10 min read
Manufacturing Tips Manufacturing PMI Definition and Insights for SMEs The Manufacturing PMI is a vital economic metric that indicates whether the manufacturing industry is experiencing an expansion, a contraction, or a standstill. It provides growing manufacturers with valuable insights and helps prepare for market changes. By Madis Kuuse 9 min read
InventoryManufacturing Tips Barcode Inventory Control – Benefits and Tips Whether you run a small business or a large warehouse, managing inventory is key to smooth operations. Barcoding simplifies this task and makes the inventory process faster, more accurate, and much easier to handle. By Siim Kanne 9 min read
Manufacturing TipsProduction planning Forward Scheduling vs. Backward Scheduling in Production Planning Do you need your products ready as soon as possible or just in time for the promised delivery date? Forward and backward scheduling are key concepts in production planning that allow production to be set up according to this fundamental question. By Mattias Turovski 12 min read
AccountingManufacturing TipsProduction planning Costing Methods Explained – Finding the Best Approach Costing is the process of figuring out how much it costs to produce a product or service by tracking all the expenses involved, such as materials, labor, and overhead. In this post, we discuss the significance of accurate costing, look at different costing methods, and see how MRP systems can help increase costing efficiency. By Siim Kanne 15 min read
Manufacturing TipsSupply Chain How to Reduce Lead Times in Your Supply Chain? Reducing lead times is crucial for manufacturers, especially with rising customer expectations and tough competition. This article discusses how to reduce your lead times through better supply chain planning, streamlined production, and improved vendor management. By Siim Kanne 10 min read