Manufacturing Keeps Going Strong At Mar-Bal

IQMS

Mar-Bal operates four manufacturing facilities in North America and a sales office in Shanghai, China. They manufacture thermoset composite products essential to the appliance, electrical distribution, and industrial marketplaces. Mar-Bal continues production under the guidelines set forth by Ohio Governor Mike DeWine. These orders automatically update the production schedule and generate work orders to distribute to their widespread manufacturing operations.

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Lean Manufacturing: Is it Really Worth It? 16 Big Benefits Say, “Yes.”

Cerasis

Customer expectations of reliable quality and rapid delivery forces today’s manufacturers to either shorten cycle times or lose business. There are multiple good models for lean manufacturing operations. ISO publishes guidelines for conformance to its standards. Who Needs Lean Manufacturing? Inventory records, product specs, shipping documents contain errors. There are excess inventories of some materials and shortages of needed.

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10 Commandments of Inventory Management

Supply Chain Opz

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. Then, this article will show you 10 simple principles that you can use to streamline your inventory management practices right away. 3) Forecast at the right level Standard inventory management textbooks suggested that forecast be done at a product family level.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs. As with any industry, food and beverage faces its own unique set of supply chain challenges, including: Expiring ingredients, manufactured product and packaged goods.

Can AI Improve Your Inventory Management?

Unleashed

In our increasingly digital world, artificial intelligence (AI) is becoming part and parcel of our lives –and it is becoming particularly useful to business owners and inventory managers. In this article, we explore the relationship between AI and inventory management, and how AI can assist in inventory management. How is AI used for inventory management? Automated inventory management. The post Can AI Improve Your Inventory Management?

What are the 3 Decision Rules for Inventory Control?

Unleashed

Effective inventory control is a process. It involves many areas of an organisation and is a delicate balance between the three categories of inventory costs. As one of a business’ greatest assets, inventory is also the cause one of the hardest decisions manufacturers, retailers and eCommerce businesses have to make. Therefore, it is important to establish a set of guidelines to improve inventory decisions and optimise inventory control.

Sales, Inventory & Operations Planning – What It Is and How to Operate

USC Consulting Group

Sales, Inventory & Operations Planning (SIOP) is a dynamic process in which the company’s operating plan is updated on a regular monthly or more frequent basis. The plans take into account projections made by the sales and marketing departments, the resources available from manufacturing, engineering, purchasing, and finance, and are directed toward hitting the company’s objectives. Objectives of Sales, Inventory & Operations Planning.

10 Inventory Management Hacks You Can Do in 10 Days

Supply Chain Opz

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. Then, this article will show you 10 simple principles that you can use to streamline your inventory management practices right away. 3) Forecast at the right level Standard inventory management textbooks suggested that forecast be done at a product family level.

The Beginner's Guide to Inventory Control and Management

Supply Chain Opz

What is Inventory Control? Here we will try to answer most common questions about Inventory Control and also provide additional resources you can use. What is Inventory Control? Inventory Control can be defined as below: “Inventory control is the function responsible for all decisions about all goods and materials in an organization. Inventory control often starts with how to know the demand of particular product. What is Inventory Cost?

3 Areas Where Digital Manufacturing Drives Benefits

QAD

Digital transformation continues to gain momentum in manufacturing. Real-world results include: An industrial manufacturer relied on manually intensive cost calculations and forecasts leading to delays and errors. Akebono , a manufacturer of brake friction materials and brake assemblies, was in a situation where they lacked consistent data and rapid responsiveness to production operations. How far along is your organization’s digital manufacturing transformation?

3 Areas Where Digital Manufacturing Drives Benefits

QAD

Digital transformation continues to gain momentum in manufacturing. Real-world results include: An industrial manufacturer relied on manually intensive cost calculations and forecasts leading to delays and errors. Akebono , a manufacturer of brake friction materials and brake assemblies, was in a situation where they lacked consistent data and rapid responsiveness to production operations. How far along is your organization’s digital manufacturing transformation?

Adapting Fast When Manufacturing Demand Shifts: Lessons From Core Technology

IQMS

Leveraging DELMIAWORKS manufacturing ERP system, Core Technology Molding Corporation reallocates manufacturing resources to meet the spike in manufacturing demand for medical testing kits in the wake of COVID-19. Core Technology Molding Corporation is a custom injection molding manufacturer based in Greensboro, North Carolina. Achieving Agility to Meet Rapidly Changing Manufacturing Demands. Maintain optimal levels of inventory.

Get Started on Reducing Your Inventory Shrinkage

Unleashed

Inventory shrinkage can create major problems for businesses because it can result in a loss of sales and profits. The 2016 National Security Survey revealed that inventory shrinkage costs businesses a staggering $45.2 To help combat this expensive problem, here are five proven ways to reduce inventory shrinkage by putting some simple processes in place. Over 35 per cent of inventory shrinkage is due to employee theft. Automate with inventory management software.

Business Adaptability – A Core Survival Strategy

QAD

They developed new policies for identifying essential services and personnel, and adapted existing guidelines for work hours, shifts, sick leave, travel, and face-to-face meetings with customers, suppliers and employees. . Moving to the cloud because of high data availability, integration and accessibility is an example of a new guideline that companies are adopting to prevent business disruption.

Omnichannel Retailing: The Savior of Non-Essential Retail for the COVID Crisis

Vinculum

Production and Manufacturing Shut Down. Almost all industries, be it fashion, communication, logistics, have encountered the brunt of this global pandemic, especially, the manufacturing, and production-based industries. The entire supply chain has gone for a toss as most production and manufacturing facilities are shut down uncertainly. Unsold Inventory and Overstocks. Stay home, stay safe have been the prominent pledge, lately, yet, how safe is your inventory inhouse?

Business Adaptability – A Core Survival Strategy

QAD

They developed new policies for identifying essential services and personnel, and adapted existing guidelines for work hours, shifts, sick leave, travel, and face-to-face meetings with customers, suppliers and employees. . Moving to the cloud because of high data availability, integration and accessibility is an example of a new guideline that companies are adopting to prevent business disruption.

4 Key Reasons Why Businesses Should Opt for Cloud-based WMS

Vinculum

Be it manufacturing or operations or managing communications, both internally as well as externally, the tech trends are set to reshape the entire business landscape. This has enabled the management team to have visibility on inventory, work tasks and performance of individual workers through user-friendly WMS interfaces. As businesses scale up their operations and inventory portfolio, dealing with multiple suppliers or vendors is common.

What’s New with MMOG/LE Version 5?

QAD

The Automotive Industry Action Group (AIAG) and Odette International are releasing the fifth version of the Materials Management Operations Guideline/Logistics Evaluation (MMOG/LE) assessment this summer. Adoption of advanced technologies ( machine learning , smart manufacturing, China 2020, digital transformation) to increase performance and efficiency. What is MMOG/LE?

Actionable Insights: Purchasing Commitments and Spending

QAD

In our previous Actionable Insights blog , we discussed QAD’s Inventory Value Action Center. Understanding the use of inventory spending is critical for planning and to ensure that money is being used wisely. It can be useful for identifying areas where existing policies may lead to future excess inventory. Top Spending by Commodity: This KPI helps identify items and commodities where the company invests more of its inventory budget.

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Mind Map for medtech supply chains 2014

Supply Chain Movement

At the same time, new sales markets are emerging for manufacturers of medical devices, and innovative technologies such as 3D printing are making a breakthrough. Manufacturers of medical technology (‘medtech’) must choose a clear strategy: Plan. The changing healthcare market is affecting medtech manufacturers in several ways. Supply chains are becoming increasingly complex with rising costs, ever more demanding customers and rigidly upheld guidelines.

The Effects of a Recall Can Be Minimized With a Connected Supply Chain

DynaSys

If the supply chain processes are not connected from the beginning to the end of the entire procurement, manufacturing and distribution processes, or “field to fork”, you will have a bumpy road. Food and Beverage manufacturers have been putting lot numbers on products for years. These factors all fall within the realm of a connected supply chain and give manufacturers the ability to find where a compromise in the chain might have occurred.

The Mask Supply Chain!

Supply Chain Game Changer

It got me thinking about where the masks were manufactured and was there a problem with that Supply Chain. To be clear the government and business guidelines for the wearing of masks do not require the use of medical masks for everyday purposes. Subscribe Here! Email Address.

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. It’s easy to meet delivery expectations if you carry excess inventory, but it’s an expensive and impractical solution. Improving forecast accuracy can help improve DIFOT without increasing inventory. Balance inventory levels with desired customer service / DIFOT levels.

The Ecommerce Lifecycle with AJ Khanijow

The Logistics of Logistics

Prior to founding Fulfyld, AJ held business development and leadership positions in the manufacturing, technology, packaging, and consulting industries. The products are packed according to the size of the order and predefined packaging and packing guidelines.

Why a network model makes sense for today’s automotive suppliers

The Network Effect

Supply chain organizations within the automotive supplier industry contribute to manufacturing excellence in many ways, including quality, cost, and delivery to their OEM and subsystem customer base. Focused on outcomes, a competitive supply chain capability not only assures the on-time delivery of component material, but also the execution of inbound supply to ensure the shipment of quality finished goods at a competitive price while delivering on-target margins for the manufacturers.

Pharma Supply Chain Management: The Key to Solving Pain Points

DSI

And from the EU’s Good Distribution Practice guidelines to Brazil’s stringent serialization laws, regulatory compliance is only increasing. serialization, the next phase of the Drug Supply Chain Security Act (DSCSA), goes into effect next year for pharmaceutical manufacturers. By 2023, the Act will ensure that manufacturers, repackagers, distributors and dispensers can only transact with serialized product, ensuring unit level traceability across the pharma supply chain.

Real Results Magazine: Must-Have Tips to Boost Your Supply Chain

Supply Chain Nation

They include: Global electronics manufacturer TE Connectivity , which uses an 18-month rolling forecast to drive sales and operations planning, gaining a granular view of demand and improving inventory turns, customer service, agility and forecast accuracy. Leather footwear manufacturer Grupo Flexi , which reduced supply chain planning and re-planning time, improved customer service levels, increased inventory turns and sales growth. What’s on your summer reading list?

The Pandemic Motivates Changes in the Food Supply Chain

Enterra Insights

In addition to government guidelines for the food supply chain, the Consumer Brands Association (CBA — formerly the Grocery Manufacturers Association) started a review of supply chain infrastructure, particularly that portion associated with food industries. Retailers requiring additional resources to fulfill needs at grocery stores are provided links to sellers that have available product inventory, shipping/transportation services, supplemental labor, and warehousing services.

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An Overview of Best Practices for Efficient Purchase Ordering

Unleashed

PO’s also form part of an organisations inventory control practices; they help to increase purchase efficiency and serve as a legally binding contract, enforcing the deal between purchaser and supplier. The first step is to develop best practice purchase ordering is to create written guidelines with clearly stated policies and practices for procurement staff to follow. Business Tips inventory control inventory management procurement purchase order

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With regard to the manufacturing industry, the process of Capacity Planning is made up of three resource types: machines, people, and tools. To summarize, this calculation would help manufacturers develop a proper capacity plan. What is Capacity planning software?

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With regard to the manufacturing industry, the process of Capacity Planning is made up of three resource types: machines, people, and tools. To summarize, this calculation would help manufacturers develop a proper capacity plan. What is Capacity planning software?

Capacity Planning Software – Plan, Analyze and Prepare for capacity

ThroughPut

Capacity planning software is a programmable solution that helps manufacturing organizations understand the actual production capacity needed to address fluctuating demands for its products and services. With regard to the manufacturing industry, the process of Capacity Planning is made up of three resource types: machines, people, and tools. To summarize, this calculation would help manufacturers develop a proper capacity plan. What is Capacity planning software?

How order aggregation can eliminate costs in the automotive supply chain

The Network Effect

In my last two posts, I talked about new inventory replenishment policies and why a network model makes so much sense. Manual replenishment may be approved when it is not possible to use one of the manufacturer’s designated replenishment methods. Full WIP tracking inbound to a customer’s manufacturing operation is a standard requirement which could extend to include WIP tracking within a manufacturer’s facility. SMMt Ltd/Flickr.

Still Don’t Know How Many Slaves Are In Your Supply Chain?

Talking Logistics

Because of the complexity of supply chains, [Patricia Jurewicz, founder and director of the Responsible Sourcing Network, a human rights advocacy group] said it’s often almost impossible for manufacturers, retailers and consumers to uncover the human rights abuses that lie within their products. Intel also donated $250,000 to a fund to help smelters who want to meet the tech giant’s ethical guidelines but cannot afford to retrace their supply chains.

Why investors are looking at supply chain technologies in 2020

Requis

No one’s saying we’re going to replace them any time soon, so the CFO can continue to get his financial and inventory data, but we can better manage execution decisions in transportation or a planning decision around inventory positioning using AI/ML and real-time data.”.