Manufacturing Tips Quality Control in Manufacturing – An Introduction Quality control is the process of fulfilling and checking the conformance to quality standards. There are many different approaches to quality control, but an important part of every one of these is regular inspection of the goods. Besides dedicated QMS software, some ERP/MRP systems offer the required functionality to small businesses. By Madis Kuuse 7 min read
AccountingInventoryManufacturing Tips Inventory Valuation Methods – Finding the Right Approach For the financial departments of manufacturing companies, few things are as important as inventory valuation. Due to the effect on the gross profit of a company, choosing the right inventory valuation method is a crucial step in ensuring the financial health of your company. By Mattias Turovski 10 min read
InventoryManufacturing Tips Inventory Optimization Methods and Techniques Inventory optimization is the act of balancing inventory costs, service levels, and the complexity of inventory management. While there is no single magical solution for keeping your stock optimized, different methods and techniques are brought together in ERP/MRP systems. By Madis Kuuse 7 min read
InventoryManufacturing TipsSupply Chain What Is Decoupling Inventory? Decoupling inventory is the strategic buffer stock of subassemblies and WIP that could be used when suppliers are unavailable, when there are internal disruptions like machinery breakdown, or when demand is greater than expected. It allows companies to prevent all-around stoppages and mitigate the bullwhip effect. By Madis Kuuse 7 min read
Choosing a SoftwareInventoryManufacturing Tips WooCommerce Inventory Management Basics for SMEs While e-commerce is growing at a break-neck pace, companies are looking for better inventory management solutions than what e-commerce platforms are offering in their basic packages. WooCommerce is one platform that is continuously expanding its selection of third-party extensions. By Madis Kuuse 8 min read
Choosing a SoftwareInventoryManufacturing TipsNews QuickBooks Commerce (TradeGecko) Sunset and What You Can Do Intuit has announced that they will be retiring their inventory management system QuickBooks Commerce (previously known as TradeGecko) in June 2022. Here is what will happen and what the options are for their current user base. By Madis Kuuse 5 min read
InventoryManufacturing TipsSupply Chain How to Keep Perfect Batch Records? Batch records are documents that detail the journey of raw materials becoming batches of finished goods. Even though the term is mostly associated with process manufacturing, especially the pharma industry, every company that manufactures its products in batches or series can benefit from keeping batch records. Here is how to do it. By Madis Kuuse 7 min read
Manufacturing Tips Industrial Machinery SMEs Are Facing a Transformation Industrial equipment and machinery manufacturers are the cornerstone of the manufacturing industry. Building the technology used to increase efficiency in other businesses, industrial machinery builders have always been at the forefront of industrial innovation. Today, these changes are especially profound. By Madis Kuuse 7 min read
AccountingManufacturing Tips Production Costs – A Simple Guide There are many metrics available for measuring the financial side of the manufacturing process. Whereas production managers mostly make do with the total manufacturing cost KPI, management and accounting often need a wider perspective. By Madis Kuuse 8 min read