Knowing what operational costs are helps you gain a clear picture of where your money goes and how it impacts your bottom line.| Deskera Blog
Identify some of the key manufacturing ERP modules and features to boost your productivity and secure higher profitability.| Deskera Blog
Some of the ways to reduce customer complaints in the manufacturing industry are: strengthen quality control standards, proactively solicit feedback, and more.| Deskera Blog
It is a holistic approach that aligns strategic, operational, and financial plans across departments, ensuring all business units work toward shared goals.| Deskera Blog
Scenario analysis is a strategic planning tool that enables manufacturers to prepare for various possible future outcomes.| Deskera Blog
Use the right manufacturing KPIs to improve the productivity and profitability of your manufacturing operations.| Deskera Blog
Some of the strategies that will help you reduce total manufacturing costs are: design products efficiently, standardize components and parts, and more.| Deskera Blog
It includes strategies such as cross-docking, data analysis, vertical storage, cross-training, inventory optimization, automation, and more.| Deskera Blog
It can account for 30% to 70% of total product costs, making them a critical focus area for accurate pricing, profitability, and cost control.| Deskera Blog
Scrap rate is a vital manufacturing KPI that measures the percentage of unusable or defective materials during production, and more.| Deskera Blog
It is the process of assembling components to build automobiles, trucks, and other motor vehicles. Its 4 steps are designing, building, quality checks| Deskera Blog
It is a systematic and ongoing process of introducing new products, services, business models that create value for customers, improve business performance.| Deskera Blog
Some of the business budgeting mistakes that you should avoid are: overestimating sales projections, not basing the budget on the data, not tracking revenue| Deskera Blog
It is a vital process that predicts a company's future financial outcomes based on historical data, market trends, and strategic plans.| Deskera Blog
Category management is a strategic approach to procurement and inventory management that optimizes spending, and supplier relationships.| Deskera Blog
Push manufacturing is driven by demand forecasts, while pull manufacturing is based on actual customer demand. Each approach has its own set of advantages.| Deskera Blog
Wholesale distribution involves purchasing products in bulk from manufacturers and selling them to retailers, businesses, or institutions at a markup.| Deskera Blog
Cash flow forecasting is a means of predicting the movement of cash into and out of your company over a certain period and across all areas.| Deskera Blog
Scenario planning is a forward-looking strategic tool that helps businesses prepare for multiple possible futures, enabling them to make informed decisions.| Deskera Blog
As a manufacturing executive, it's crucial to stay updated on the latest trends in procurement to ensure your company remains competitive and efficient. Here are five important trends every manufacturing executive should know about procurement:| Deskera Blog
Working capital management is the process of optimizing a company’s short-term assets and liabilities to ensure smooth operations and financial stability.| Deskera Blog
CMI shifts inventory management responsibility from suppliers to customers, offering greater control, visibility, and efficiency in supply chain operations.| Deskera Blog
It is a method used to optimize fulfillment so that the orders arrive to customers on time while incurring the lowest possible cost.| Deskera Blog
As the saying goes, "a penny saved is a penny earned." But when it comes to procurement, the savings can add up to much more than just a few pennies.| Deskera Blog
According to a report by the International Trademark Association (INTA), the estimated value of counterfeit goods in the US market was $45.2 billion in 2019.| Deskera Blog
Prioritizing quality management led to long-term growth, with top-performing companies reporting 26% higher return to shareholders than their peers.| Deskera Blog
A well-implemented source-to-settle (S2S) process enhances procurement efficiency, strengthens supplier relationships, and improves financial transparency.| Deskera Blog
RCA is a problem-solving approach that goes beyond symptoms to identify and address the fundamental issues driving problems in organizations.| Deskera Blog
Downtime refers to the period during which a system, equipment, or process is unavailable or non-operational. It disrupts normal business operations.| Deskera Blog
Current assets are resources that a company expects to convert into cash or use up within one year or within its operating cycle, whichever is longer.| Deskera Blog
Uptime is crucial for maintaining operational efficiency, customer satisfaction, and business continuity.| Deskera Blog
Operating costs are expenses incurred by a business to carry out its operations. These are variable costs as they change with the production level.| Deskera Blog
ERP manufacturing module offers a range of features designed to optimize processes and improve efficiency.| Deskera Blog
Explore how manufacturing management software and ERP solutions streamline operations, boost efficiency, and drive Industry 4.0 success.| Deskera Blog
Explore the complete guide to production planning and scheduling, including key concepts, tools, and best practices for manufacturing success.| Deskera Blog
Warehouse vs. Dropshipping - which one is better. Well, we can debate over this for hours. However, none of us can deny that both of them have proved to be a boon for the e-commerce industry.| Deskera Blog
Vendor Managed Inventory (VMI) transforms modern manufacturing operations by reducing lead times, improving fulfillment accuracy, and boosting sales.| Deskera Blog
Safety stock is an extra quantity of a product that is stored in the warehouse to prevent an out-of-stock situation, and retain customers.| Deskera Blog
Have you ever wondered how companies ensure they have the right products at the right time and price? The answer lies in the often-overlooked but crucial field of supplier management.| Deskera Blog
Production schedule enables organizations to respond to changing market conditions, adapt to customer needs, and make informed decisions that drive operational excellence.| Deskera Blog
Production planning is the process of deciding how a product or service will be manufactured before the manufacturing process begins.| Deskera Blog
Inventory costs includes the cost to order & hold inventory & admin cost. Ordering, holding, carrying, shortage and spoilage costs are some common costs.| Deskera Blog
Supply chain management administers the progression of labor and products and incorporates all cycles that change raw materials into end products.| Deskera Blog
A vendor can be described as a person, company, or group that distributes goods and services to businesses, companies, and ultimate customers.| Deskera Blog
Manufacturing cost is the sum of the costs of all resources consumed in the process of making a product. It helps in making better decisions.| Deskera Blog
The benefits of ERP includes enhanced efficiency and productivity, improved decision-making, better financial management, scalability and flexibility, etc.| Deskera Blog
ABC analysis is an important part of inventory management as it helps in categorizing stocks into three categories - A,B, and C, based on their revenue.| Deskera Blog
Just-in-time inventory is a term that implies ordering inventory only as they are required. This article will help you understand this method in depth.| Deskera Blog
Explore the top manufacturing trends for 2024 like digital transformation with Industry 4.0 technologies, the rise of microfactories, sustainability efforts| Deskera Blog
Inventory is all the goods, items, and materials purchased or manufactured by a business for selling. In accounting, inventory is periodic or perpetual.| Deskera Blog
Implementing inventory tracking software will help achieve real-time visibility, improve customer satisfaction, get data-driven insights, and reduce costs.| Deskera Blog
ERP systems offer multitude of benefits to small businesses including streamlined operations, improved efficiency and productivity, better decision-making.| Deskera Blog
Implement a manufacturing ERP to improve efficiency and productivity, enhance resource planning, cost reduction, and enhance operational visibility| Deskera Blog
The various factors to consider for choosing the right automotive ERP for your business are: integration capabilities, scalability, and, industry-specific features.| Deskera Blog
Implementing automotive ERP will help in mastering financial management through integrated financial modules, real-time financial data, and other such functionalities.| Deskera Blog
The partnership between Deskera and OpenBOM streamlines operations, enhances efficiency, promotes real-time data access, and supports effective collaboration.| Deskera Blog