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Manufacturing Inventory Management: The Manufacturer’s Guide

Unleashed

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing.

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

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People in Manufacturing: Procurement

QAD

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. The inventory department kept track of item usage on an inventory card, and the inventory card had an attached requisition form.

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Shouldn’t GenAI Mean New Gen?

Supply Chain Shaman

These include problems where centrality, connectivity, and path analysis play a key role in the analysis. ” I believe that the focus should be improving reliability (Forecast Value Added (FVA), first pass tender and yield, and manufacturing schedule adherence) while decreasing process, demand, and data latency.

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KPIs to assist manufacturers and distributors with supply chain challenges

SYSPRO Smarter ERP

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. In fact, SYSPRO research revealed that 60% of businesses were impacted by supply chain disruptions during the pandemic.

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Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

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Steel Fabrication and General Manufacturing Tips and Tricks for 2015

GlobalTranz

Still in all most fabricators have seen steel sales rise and customer demands and inventory requirements increase over the past several years. Now is the Time for Manufacturing to Look at Logistics Efficiency. This has sent some of them to vendor showrooms seeking new, capacity-building equipment. The keyword here is fast.