Manufacturing Tips: Boosting Efficiency and Productivity

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 Heinrich Lauri 6 min read

InventoryManufacturing Tips

What Is Cycle Inventory and How to Manage It?

Cycle inventory is the stock that is used to respond to regular sales and demand forecasts, as opposed to the safety stock used when there are fluctuations in demand or supply. Properly managing cycle stock is therefore a crucial part of any well-functioning business.

By Madis Kuuse 6 min read

InventoryManufacturing TipsSupply Chain

The Bullwhip Effect and How to Manage It

The bullwhip effect is a supply chain phenomenon related to sudden changes in demand signals, when a slight movement in demand can cause large swings throughout the supply chain. To avoid a destructive “whip crack” at the end, companies need to be prepared to mitigate the effect.

By Madis Kuuse 9 min read

Choosing a SoftwareManufacturing Tips

What Is Lot Tracking and How to Use It?

Lot tracking, also known as batch tracking, is an important process for ensuring quality, most commonly for traceability and recall purposes. It is a crucial part of doing business in highly regulated industries, but it has its advantages regardless of the product.

By Madis Kuuse 8 min read

Manufacturing TipsSupply Chain

Vendor Management – An Essential Guide for SMEs

Vendor management is a set of tools that companies use to ensure profitable and efficient relationships with their suppliers. Coming a long way from traditional phone calls, faxes, and emails, today even small businesses have started to utilize software to manage their communication with vendors.

By Karl Heinrich Lauri 8 min read

InventoryManufacturing TipsSupply Chain

Inventory Tracking – An Essential Guide For SMEs

Inventory tracking means monitoring stock movements to increase visibility in the company’s supply chain. This added transparency helps businesses improve their ordering and overall inventory management practices, ensure traceability, and make sure that goods reach the production floor and the customer at the right time.

By Karl Heinrich Lauri 9 min read

InventoryManufacturing Tips

What Is Dead Stock and How to Avoid It?

Dead stock consists of inventory items that your business cannot use according to their original purpose. There are many different types of dead stock and various ways to either eliminate it or avoid it in the first place.

By Madis Kuuse 10 min read