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The Case for Real-Time Perpetual Inventory Signals in Manufacturing

ToolsGroup

Once upon a time, the world of manufacturing was a relatively stable place. Suddenly, managing inventory is the name of the game for companies trying to manage working capital and maximize profit while keeping customers happy. So how does a manufacturer navigate this rollercoaster?

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Why Organizational Alignment is Critical to the Supply Chain Response

Supply Chain Shaman

Mondays are my day to post my Shaman blog and compose a podcast. The Shaman blog is now over eleven years old. Over 28,000 readers read this blog. If you would like to participate in a current research study, we would love your help and participation in the contract manufacturing study. It was a struggle!) I give thanks.

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Metrics that Matter: Inventory Effectiveness

QAD

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Managing an Inventory Investment.

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Crucial MRP Metrics Every Supply Chain Pro Should Know

SCMDOJO

This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. This is a fundamental principle of supply chain management, it constitutes a juggling act that is at the heart of any well-orchestrated manufacturing process.

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Total Manufacturing Cost Formula: Metrics that Matter

QAD

What are Total Manufacturing Costs? Your total manufacturing costs are essentially an expense analysis that calculates how each of your company’s departments contributed to producing a finalized product. This looks at all stages of the manufacturing process from raw materials to work-in-progress to final result.

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Are You Caught in Word Salad Dribble?

Supply Chain Shaman

I try to post weekly on this blog. Optimization engines to improve functional metric performance resulted in an exploding number of planners. Rolling up a perpetual inventory signal takes eleven hours. Contract Manufacturing Signal Latency. In our research, we find that 32% of volume is manufactured by a third party.

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Data-driven decision making in manufacturing

SYSPRO Smarter ERP

If production metrics are important, you may want to get data on: Machine and labor availability. How to apply metrics One challenge is deciding what metrics to use. Different departments have their own data needs and very specific metrics. There needs to be an understanding of how granular the metrics should be.