The relationship between supply and demand is Economics 101. Whether a business is manufacturing or managing a warehouse, understanding demand management goes a long way to ensure that stock levels are always balanced with customer needs. This requires first an…
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Producing things isn’t cheap. There are many costs that occur during production that it can be hard to track them all. These costs are what is called manufacturing overhead. Let’s define manufacturing overhead, look at the manufacturing overhead formula and…
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Manufacturing is the process of putting together a product. Yes, there are many other factors, such as costs, time, quality and more. But all of those concerns are tied to the bill of materials, which collects the pieces that’ll be…
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Warehouses store goods for businesses. They’re also a place of work where orders are received, picked, packed and shipped to customers. Warehouse optimization is a process by which businesses try to make those activities as efficient as possible. To do…
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The better a business’ warehouse operations, the more successful the business is. Warehouse management ensures that stock matches customer demand. Warehouse operations take into account the supply chain and work towards being cost-effective and efficient. To understand effective warehouse operations,…
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The history of kanban is less than 100 years old, but in that time, it has been highly influential. Kanban history has informed everything from manufacturing to software development. The kanban tool has become commonplace in project management and its…
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As the creation of products and services has become more extensive and varied, the manufacturing industry has become more competitive. There are many things to keep an eye on such as material requirements planning, supply chain management and inventory control….
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Ordering a product and getting it delivered has become commonplace. While order processing seems to work fast and without issue, a lot is going on in the background to ensure the seamless management of placement, picking, sorting, packing and shipping….
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Production management has to control a variety of functions to deliver projects on time without overspending. There’s the workforce responsible for the production itself, but also the equipment used, any raw materials needed, workflows and much more. Managing all aspects…
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The transaction between buyer and seller is documented at every stage, and this paperwork serves a purpose. It protects both parties and legally binds them to follow the particulars that they’ve agreed upon. One of those business documents is a…
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Products can be manufactured, but they don’t end up in a customer’s hands until they’ve been stored in a warehouse. It acts as a waystation, a part of the larger manufacturing and fulfillment processes. The better the warehouse management, the…
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Placing an order and receiving it seems straightforward. But the only reason it feels effortless is because of order management. We’ll explain what order management is and explore how an order management process is conducted. There are, of course, people…
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Kanban is a visual tool that’s ideal for managing inventory flow. Taiichi Ohno, an industrial engineer at Toyota, developed it about three-quarters of a century ago. Kanban boards helped the car company restock its inventory only when it was needed,…
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