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
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
Manufacturing TipsProduction planning What is a Multi-Level BOM (Indented BOM)? A multi-level BOM is a bill of materials that represents the composition of various subassemblies in addition to the final product. This type of BOM becomes indispensable when a certain level of product complexity is reached but there are also situations where the use of a multi-level BOM is unwarranted. By Madis Kuuse 7 min read
InventoryManufacturing Tips How to Use Inventory Tags and Labels to Organize Inventory? Tagging and labeling inventory items can bring substantial benefits to your business. From increased stockroom control to better supply chain traceability, this post explores how inventory tags and labels can help further efficiency. By Madis Kuuse 10 min read
InventoryManufacturing TipsSupply Chain Inventory Planning – A Quick Guide Inventory represents the very foundation of any manufacturing or distribution operation. Keeping the raw materials, WIP, and finished goods inventories at optimal levels is crucial for short- and long-term business success. By Mattias Turovski 10 min read
Manufacturing Tips Root Cause Analysis in Manufacturing – A Simple Guide Root cause analysis is a process used to find the underlying causes of problems in manufacturing. By identifying the root cause of a problem, you can fix that problem once and for all—without having to deal with recurring issues or high costs again down the line. By Madis Kuuse 7 min read
Manufacturing Tips How to Calculate Overall Equipment Effectiveness (OEE)? Overall Equipment Effectiveness or OEE is a KPI that measures how effectively machines and equipment in a manufacturing facility are operating. Tracking the OEE allows for the identification of potential issues that may be impacting production efficiency. By Madis Kuuse 8 min read