MRPeasy Manufacturing Podcast

It wasn’t all that long ago that 3D printing was a concept suitable for an episode of The Twilight Zone. It was no more realistic or practical than space travel or driverless vehicles.

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By implementing common sense and best practices for inventory adjustments, a company can realize inventory accuracy that keeps processes on track.

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These tips could help you, if you have used ERP/MRP software previously, but you do not have your own experience in implementation of ERP/MRP systems.

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Key Performance Indicator or KPI is a quantifiable measure used to evaluate the success of an organization. Here are key manufacturing KPIs to track.

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What is inventory? The answer is obvious. Inventory is everything that is in the warehouse – in pieces, or in money.

It is a list of stock items with their quantities and sums, grouped by an item, by shelf, by lot/batch and including (or excluding) items that are usually procured/sold by the company. Inventory is just one number: the total cost of goods that are currently in stock.

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For a food manufacturing business, many requirements must be met, which can vary depending on the type of food you make, the facilities that you use, and the market you operate in.

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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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A key difficulty in electronics manufacturing arises from the need to manage a lot of information. This is where manufacturing software for the electronics industry comes into play.

For example, finding the lead time of a product assembled from hundreds of distinct parts, which all have various lead times, is a difficult process done manually – hundreds or even thousands of pieces of information need to be considered.

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Time Slot Management Systems allow for optimization of logistics processes, are easy to deploy and deliver measurable results in cost savings.

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Return of Investment is a critical indicator when deciding on investment in any asset. Especially in ERP/MRP software, where the direct result is not obviously calculating.

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An accounting manual is a document in which every organization defines its accounting policies and procedures. Each organization is unique and therefore creates its own accounting manual. 

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A third of manufacturers consider their maintenance programmes to be reactive rather than planned or predicted, according to a recent study by the Institute of Engineering and Technology (IET UK) and Bosch Rexroth.

A report into maintenance practices in UK industry surveyed nearly 300 engineers and found that maintenance practices continue to be a cause for concern.

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With MRP or ERP implementation, the key to a successful implementation relies on assembling the right team. With the right skills, attributes and leadership, a fully optimized system can be built to fit any manufacturer’s needs.

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