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Manufacturing Inventory Management: The Manufacturer’s Guide

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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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High Performance Inventory: The Supply Chain Differentiator

ToolsGroup

The key lies in high performance inventory. Forward-looking supply chain professionals understand that inventory is not an end in itself; it’s a means – to enhanced customer service, increased profitability, and greater efficiency. What is High Performance Inventory?

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5 Inventory Management Tips for Manufacturing SMBs!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Manufacturing SMBs article and permission to publish here provided by Alina Akk. Inventory management is a holistic and logical methodology for handling both raw materials and finished products. You can’t manufacture shiny new goods without raw materials, after all.

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Finished Goods Inventory: Definition & Formula

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Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. Managing finished goods and tracking the costs associated with each of them are essential aspects of manufacturing accounting and stock control. What are finished goods inventory?

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Inventory Carrying Cost: Formula, Definition & How to Calculate

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Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

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What is Inventory Tracking? Methods, Challenges, & Systems

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Effective inventory tracking is a critical component of inventory management. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. What is inventory tracking? It helps to reduce inventory shrinkage and loss.

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25 Lean Manufacturing Tools – 5S, Six Sigma & Beyond

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Many manufacturers use lean methods to cut costs and improve efficiencies in their business. But ‘lean’ is a very broad concept and the ways that manufacturers ‘go lean’ vary considerably. Here we look at the most common tools and techniques used to bring the advantages of lean into the modern manufacturing workplace.