MRPeasy Manufacturing Podcast is for people working in manufacturing. For more information: www.mrpeasy.com
Any manufacturer understands the importance of practices that add value to their operation, and that’s exactly what’s at the core of lean manufacturing.
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The reorder point, also known as ROP, is the inventory level at which an order is triggered to replenish the inventory stock.
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Manufacturing Execution System is a collaboration between manufacturing planning (MRP) and the way the plant floor is organized.
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Business Process Management initiatives can help drive continuous process improvement through a factory. In addition, they can be used in conjunction with software platforms such as CRM, MRP, ERP.
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Anyone who has worked in the manufacturing industry for a significant amount of time knows that there’s so much more that goes into production than simply making good products. There are procedures, methodologies, and manufacturing philosophies that make for truly successful, efficient manufacturing.
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According to Forrester, by 2023 B2B e-commerce in the United States will reach $ 1.8 trillion. It will account for 17% of all B2B sales in the United States, and it will grow by 10% annually over the next 5 years.
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“Inventory is often considered by manufacturers to be the most valuable category of assets on their books; however, it can tie up large amounts of cash and diminish in value for a host of reasons,” said Stephen Pillsbury, principal in PwC’s U.S.
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The difference between production planning and production scheduling. They have similar concepts, however, there are slight differences between them.
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