MRPeasy Manufacturing Podcast is for people working in manufacturing. For more information: www.mrpeasy.com
“Inventory is often considered by manufacturers to be the most valuable category of assets on their books; however, it can tie up large amounts of cash and diminish in value for a host of reasons,” said Stephen Pillsbury, principal in PwC’s U.S.
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The difference between production planning and production scheduling. They have similar concepts, however, there are slight differences between them.
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A key difficulty in electronics manufacturing arises from the need to manage a lot of information. This is where manufacturing software for the electronics industry comes into play.
For example, finding the lead time of a product assembled from hundreds of distinct parts, which all have various lead times, is a difficult process done manually – hundreds or even thousands of pieces of information need to be considered.
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Time Slot Management Systems allow for optimization of logistics processes, are easy to deploy and deliver measurable results in cost savings.
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Return of Investment is a critical indicator when deciding on investment in any asset. Especially in ERP/MRP software, where the direct result is not obviously calculating.
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An accounting manual is a document in which every organization defines its accounting policies and procedures. Each organization is unique and therefore creates its own accounting manual.
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A third of manufacturers consider their maintenance programmes to be reactive rather than planned or predicted, according to a recent study by the Institute of Engineering and Technology (IET UK) and Bosch Rexroth.
A report into maintenance practices in UK industry surveyed nearly 300 engineers and found that maintenance practices continue to be a cause for concern.
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With MRP or ERP implementation, the key to a successful implementation relies on assembling the right team. With the right skills, attributes and leadership, a fully optimized system can be built to fit any manufacturer’s needs.
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For a good reason, people ask, what are the advantages and what are the disadvantages of MRP software or manufacturing ERP. Still, even though being one of the predominant ways of organizing inventory and production planning, it surely has its benefits and drawbacks.
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An essential step when a business implements an ERP or MRP is to deeply analyze the internal processes and construct process flow diagrams of current and new processes.
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