AccountingManufacturing TipsSales Job Order Costing in 6 Easy Steps Job order costing allows companies to allocate manufacturing costs to specific jobs, thereby helping them to give more accurate quotes, measure production efficiency, determine the profitability of specific jobs, and draw better budgets. By Madis Kuuse 10 min read
Manufacturing TipsSupply Chain Traceability in the Food Industry – Basic Requirements and Best Practices Few manufacturing sectors are as dependent on good traceability practices as the food and beverage industry. In this article, we look at why traceability is so important for food manufacturers and which features should be foremost implemented. By Mattias Turovski 10 min read
InventoryManufacturing TipsSupply Chain Purchase Order Management – Achieving Consistent Deliveries For any manufacturing company that relies on components and raw materials from suppliers, purchase order management constitutes an important set of practices that can significantly simplify the procurement process. In this article, we look at how to achieve consistent success with your procurements using the best purchase order management practices and solutions. By Mattias Turovski 9 min read
Case StudiesImplementationInventoryManufacturing Tips Managing Consignment Goods in MRPeasy Consignment inventory is an inventory management and purchasing method wherein the goods procured from a vendor remain in the ownership of the supplier until they are sold or consumed. Here is how our US-authorized consultants Business Solution Providers, Inc. implemented consignment inventory for a client. By Karl H Lauri 13 min read
Manufacturing TipsSupply Chain What Is Co-Packing or Contract Packing? Co-packing means having a specialized packing company package your manufactured goods into their final selling form. Using a co-packer helps small manufacturers focus on their core competencies, save money on packaging equipment, labor, and logistics, and sell their products in higher-quality packaging. By Madis Kuuse 6 min read
Manufacturing TipsProduction planning Make-to-Stock Manufacturing Workflow and Best Practices Make-to-stock (MTS) is a manufacturing workflow that uses the push system. This means that goods are produced to stock by “pushing” them through the supply chain according to anticipated demand. In this post, we will look at the pros and cons as well as best practices for utilizing MTS. By Mattias Turovski 8 min read
Manufacturing TipsSupply Chain Procurement Planning – A Simple Guide A thoroughly planned procurement process helps to ensure that a company’s purchases arrive in a timely manner and in the right quantities, from the best vendors and with good prices. A well thought out procurement plan helps businesses stay in control of the product manufacturing cycle and avoid last-minute surprises. By Mattias Turovski 9 min read
AccountingERPManufacturing Tips Product Costing in 7 Easy Steps Product costing is a necessity not only for accountants but also for managers. Understanding the costs related to manufacturing your products gives you the chance to determine optimal selling prices and take steps toward cost reduction. Here is a simple guide to performing product costing. By Madis Kuuse 8 min read
Manufacturing TipsProduction planning Make to Order and Assemble to Order Manufacturing Workflows Make-to-order (MTO) and assemble-to-order (ATO) are manufacturing workflows that use the pull system, meaning that production starts when an order comes in. As such, they are mostly used by companies that manufacture customizable products. In this post, we go over their differences, pros and cons, and production management considerations. By Mattias Turovski 7 min read