Raw materials and inventory management is one of the most vital areas of any process manufacturer yet often needs the greatest improvement. Poor inventory management methods and insufficient material management systems can lead to a variety of problems including poor customer experience, lack of visibility across departments, low turnover, out-of-control costs, decreased profitability, and ultimately, …
How to Avoid ERP Implementation Failure
The right team of people must be chosen for your ERP project in order to avoid ERP implementation failure. No matter the size of a business, the decision to implement new software, such as an enterprise resource planning (ERP) system, should never be taken lightly. Without thorough research and preparation there’s a risk of implementation …
Pivoting from ‘Just-in-Time’ to ‘Just-in-Case’ Inventory Management
Recent Supply Chain Disruptions are Making the Case for This Shift in Inventory Management Since the start of 2020, shortages have been an almost constant issue for manufacturing businesses around the world. While we saw consumers adopting a ‘just in case’ mentality when it came to buying household commodities, not all manufacturers were able to …
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5 Benefits of Material Requirements Planning (MRP) for the Supply Chain
Material requirements planning (MRP) is a digital inventory management system designed to improve inventory planning, scheduling, production, and management. It identifies what is needed, how much, and when. Using MRP software systems, manufacturers can schedule production requirements to meet demand, check inventory, allocate resources, identify bottlenecks, and find solutions. MRP depends on accurate inputs, including …
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How do you rank on the Supply Chain Resiliency Scorecard?
In a recent whitepaper we spoke about the four features that make up a resilient supply chain and how to evaluate your business and understand the action items you need to put in place to build out your own resiliency. Those four elements include: Visibility – The ability to see across your entire supply network. …
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How to reduce the “cost of being wrong”
The “cost of being wrong” can range from a few thousand to billions of dollars, not to mention the tarnished reputation, unless you have successfully implemented Hyper-Tight Process Control. Find out how it can protect your business.
5 Signs You Need a New ERP System
ERP software should evolve with your business and industry. This article identifies five signs that you have outgrown your ERP and it is time to replace it.