As companies begin to scale they should be keenly aware of the mode of production used to manufacture their goods.
The term Kaizen, which roughly translates to “continuous improvement,” has been used as a competitive strategy by organizations in Japan and throughout the western world.
As a small to medium manufacturing company, few things are more important than the right deployment of best-operating practices to produce finished goods.
Indirect costs are part of manufacturing overhead, the accounting term that refers to all of the indirect expenses that go into making a product.
Manufacturing enterprise resource planning (ERP) systems can offer tools for enhancing processes and ensuring the delivery of high-quality products at competitive prices.
Bill of Materials (BOM) Functionality helps you stay on top of your production planning, purchasing and estimating.
Often, owners of bespoke manufacturing businesses find themselves cornered. It seems that the only way for improvement is to find a big old ERP system that universally does everything.
It is inevitable that for many companies experiencing growth, there comes a point when spreadsheets, Google Docs and collection of other software no longer works well.
Regardless of the size and complexity of a manufacturer’s raw and finished goods, where many factories struggle is with the taking and accounting of WIP or "Work in Progress" inventory.
Want to know more about Discrete Manufacturing and Process Manufacturing? The most obvious difference is the way the product is made. Detailed explanation with examples in our 7th episode.