Production planning Just-in-Time Manufacturing (JIT): Definitions, Benefits, Tips Just-in-Time manufacturing helps businesses shorten lead times, minimize inventory, and address other hidden inefficiencies by aligning supplies directly with production schedules. By Madis Kuuse 15 min read
Accounting Cost of Goods Sold in Manufacturing – How to Calculate COGS The many cost-oriented KPIs in manufacturing accounting constitute some of the most important financial metrics for manufacturers and distributors. In this post, we look at the function and relevance of one such KPI – the Cost of Goods Sold. By Mattias Turovski 8 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 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
Production planning What Is Six Sigma? There are many moving parts to Six Sigma, but in a few words, one can define it as a systematic approach for eliminating errors. By Karl H Lauri 6 min read
Production planning What is Kaizen? It’s hard to believe, but it’s been over thirty years since Masaaki Imai wrote his game-changing book, Kaizen: The Key to Japan’s Competitive Success. By Karl H Lauri 6 min read
Manufacturing TipsProduction planning Manufacturing Production Planning — what is it? Typically, manufacturing production planning is time-consuming, lots of decisions have to be made, lots of different information has to be looked at, it’s labor rich and it is super easy to make simple errors. It’s often a lot of work and sometimes a real pain. By MRPeasy Team 2 min read
Manufacturing Tips The Importance of Proper Manufacturing Resource Planning Before we discuss the relevance of Manufacturing Resource Planning, also known as MRP II, it is only proper to provide a clear and concise definition of this system. By MRPeasy Team 5 min read
