MRPeasy Manufacturing Podcast
What Is SKU Rationalization?

What Is SKU Rationalization?

February 9, 2022

Determining which products to continue selling and which ones to discontinue is a challenge most businesses need to face at some point. Because there are many aspects to consider before cutting your product catalog, the process of SKU rationalization is here to help you find a balance between too many and too few SKUs.

You can learn more about it from this episode or read the article here.

Production Control – A Practical Guide

Production Control – A Practical Guide

February 2, 2022

Production control is the process within manufacturing whereby the production operation is monitored, and actions to control processes are undertaken. This may include demand planning, capacity planning, scheduling, work center assignment, inventory control, costing, and shop floor monitoring, and many more.

You can learn more about it from this episode or read the article here.

Top 10 Manufacturing KPIs in 2022

Top 10 Manufacturing KPIs in 2022

January 26, 2022

The goal of every manufacturing business is to be as efficient as possible. But without being able to accurately gauge your efficiency, it is hard to know where you stand and what goals to set. Here is where manufacturing KPIs come into play.

You can learn more about it from this episode or read the article here.

Lean Warehouse Management Guide for SMEs

Lean Warehouse Management Guide for SMEs

January 12, 2022

Lean warehouse management is a methodology that takes the lean principles widely used in manufacturing environments and applies them to warehousing. Putting an emphasis on removing waste, lean warehouse management helps companies optimize and continuously improve their inventory processes.

You can learn more about it from this episode or read the article here.

Stocktake – A Practical Guide to Inventory Counts

Stocktake – A Practical Guide to Inventory Counts

January 5, 2022

A stocktake is the act of counting and recording the quantities of goods in stock to compare the results with available inventory data and find discrepancies. It is a crucial part of any business that holds inventory and that is why the process of performing a stocktake needs to be rigorously organized.

 

You can learn more about it from this episode or read the article here.

 
 
Inventory Costs – A Quick Overview

Inventory Costs – A Quick Overview

December 15, 2021

Inventory costs make up a substantial part of any manufacturing or distributing company’s total expenses. To ensure the good financial health of your business, it is necessary to know how to make sense of these expenses and how to balance them.

You can learn more about it from this episode or read the article here.

What Is Agile Manufacturing?

What Is Agile Manufacturing?

December 9, 2021

Agile manufacturing is an approach to manufacturing that aims to increase product quality and service while reducing cost by implementing feedback-based design, planning, and production practices. Digital technology is at the heart of this modern manufacturing methodology.

You can learn more about it from this episode or read the article here.

What Is Cycle Inventory and How to Manage It?

What Is Cycle Inventory and How to Manage It?

December 1, 2021

Cycle inventory is the stock that is used to respond to regular sales and demand forecasts, as opposed to the safety stock used when there are fluctuations in demand or supply. Properly managing cycle stock is therefore a crucial part of any well-functioning business.

You can learn more about it from this episode or read the article here.

The Bullwhip Effect and How to Manage It

The Bullwhip Effect and How to Manage It

November 24, 2021

The bullwhip effect is a supply chain phenomenon related to sudden changes in demand signals, when a slight movement in demand can cause large swings throughout the supply chain. To avoid a destructive “whip crack” at the end, companies need to be prepared to mitigate the effect.

 

You can learn more about it from this episode or read the article here.

What Is Lot Tracking and How to Use It?

What Is Lot Tracking and How to Use It?

November 17, 2021

Lot tracking, also known as batch tracking, is an important process for ensuring quality, most commonly for traceability and recall purposes. It is a crucial part of doing business in highly regulated industries, but it has its advantages regardless of the product.

 
ou can learn more about it from this episode or read the article here.
What Is Vendor-Managed Inventory (VMI) and How to Use It?

What Is Vendor-Managed Inventory (VMI) and How to Use It?

November 10, 2021

Vendor-managed inventory is a supply chain management method wherein a supplier is responsible for replenishing the inventory of the buying company. This approach can lead to better inventory optimization, reduced costs, and stronger relationships between companies.

You can learn more about it from this episode or read the article here.

What Is Batch Production and What Are Its Advantages?

What Is Batch Production and What Are Its Advantages?

November 3, 2021

Batch production is a type of manufacturing process where products are made in batches, meaning that goods go through production steps in groups. Batch production allows for manufacturing goods flexibly in large quantities while reducing manufacturing costs and improving quality.

You can learn more about it from this episode or read the article here.

Vendor Management – An Essential Guide for SMEs

Vendor Management – An Essential Guide for SMEs

October 27, 2021

Vendor management is a set of tools that companies use to ensure profitable and efficient relationships with their suppliers. Coming a long way from traditional phone calls, faxes, and emails, today even small businesses have started to utilize software to manage their communication with vendors.

You can learn more about it from this episode or read the article here.

 
 
Advantages and Disadvantages of Using an MRP System

Advantages and Disadvantages of Using an MRP System

October 20, 2021

Even though MRP systems are quickly becoming the norm even among SMEs, manufacturers need to be aware of their advantages and disadvantages before deciding to implement new software. Apart from the general benefits and downsides that can be applied to most MRP systems, there are also aspects that can drastically vary from provider to provider.

 

You can learn more about it from this episode or read the article here.

Inventory Tracking – An Essential Guide For Manufacturers

Inventory Tracking – An Essential Guide For Manufacturers

October 13, 2021

Inventory tracking means monitoring stock movements to increase visibility in the company’s supply chain. This added transparency helps businesses improve their ordering and overall inventory management practices, ensure traceability, and make sure that goods reach the production floor and the customer at the right time.

You can learn more about it from this episode or read the article here.

What Is Job Costing and How to Do It?

What Is Job Costing and How to Do It?

October 6, 2021

Job costing means tracking the costs related to individual orders. This allows accounting to measure the profitability of each project separately and to use it as a basis for customer quotes and financial planning.

You can learn more about it from this episode or read the article here.

What Is Dead Stock and How to Avoid It?

What Is Dead Stock and How to Avoid It?

September 29, 2021

Dead stock consists of inventory items that your business cannot use according to their original purpose. There are many different types of dead stock and various ways to either eliminate it or avoid it in the first place.

You can learn more about it from this episode or read the article here.

 
 
How to Manage Supply Chain Disruptions?

How to Manage Supply Chain Disruptions?

September 22, 2021

The world has experienced historic supply chain disruptions during the last years. From trade wars and COVID-19 to semiconductor shortages and the Suez canal blockage – there are few industries that have not been affected. The lesson learned is to be better prepared and to remain flexible.

You can learn more about it from this episode or read the article here.

Capacity Planning – An Essential Guide for Manufacturers

Capacity Planning – An Essential Guide for Manufacturers

September 15, 2021

Capacity planning is an essential tool used in well-functioning manufacturing companies. It determines the necessary capacity required to meet demand and as such, it is a prerequisite for efficient production scheduling, supply chain planning, inventory management, and any other aspect of the business.

 

You can learn more about it from this episode or read the article here.

 
What is a Master Production Schedule? With Examples

What is a Master Production Schedule? With Examples

September 8, 2021

The master production schedule is a production planning tool that defines how much of a product needs to be manufactured at different periods. This simple schedule can be used as a basis for further planning and scheduling throughout the business.

You can learn more about it from this episode or read the article here.

 
 
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