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
ERPInventoryManufacturing Tips Low Stock Alerts and other Manufacturing and Inventory Notifications Even with an ERP/MRP system in place, it might be difficult to keep tabs on inventory requirements, production plans, and other important areas of the business. This is where low stock alerts and other manufacturing and inventory notifications come to your aid. By Madis Kuuse 6 min read
InventoryManufacturing TipsSales What Is SKU Rationalization? Determining which products to continue selling and which ones to discontinue is a challenge most businesses need to face at some point. Because there are many aspects to consider before cutting your product catalog, the process of SKU rationalization is here to help you find a balance between too many and too few SKUs. By Madis Kuuse 8 min read
InventoryManufacturing Tips Lean Warehouse Management Guide for SMEs Lean warehouse management is a methodology that takes the lean principles widely used in manufacturing environments and applies them to warehousing. Putting an emphasis on removing waste, lean warehouse management helps companies optimize and continuously improve their inventory processes. By Karl H Lauri 8 min read
InventoryManufacturing Tips Stocktake – A Practical Guide to Inventory Counts A stocktake is the act of counting and recording the quantities of goods in stock to compare the results with available inventory data and find discrepancies. It is a crucial part of any business that holds inventory and that is why the process of performing a stocktake needs to be rigorously organized. By Madis Kuuse 10 min read
AccountingInventoryManufacturing Tips Inventory Costs – A Quick Overview Inventory costs make up a substantial part of any manufacturing or distributing company’s total expenses. To ensure the good financial health of your business, it is necessary to know how to make sense of these expenses and how to balance them. By Madis Kuuse 9 min read
Manufacturing Tips What Is Agile Manufacturing? Agile manufacturing is an approach to manufacturing that aims to increase product quality and service while reducing cost by implementing feedback-based design, planning, and production practices. Digital technology is at the heart of this modern manufacturing methodology. By Karl H Lauri 6 min read