Manufacturers adopt ecommerce for direct sales, broader reach, and better customer engagement. It reduces dependency on distributors and improves margins.| Deskera Blog
Product bundling is a marketing strategy companies can use to increase sales and maximize profits. It involves offering multiple products or services as a "bundle" of items. This strategy can attract new customers, increase customer loyalty, and drive sales.| 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
Predictive modeling uses a combination of statistical analysis, machine learning, data mining, and AI to uncover patterns in historical data| 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
Jump Start Your Growing Business with Deskera. Get Amazing Insights to Grow & Run Your Business With Articles on Accounting, Sales, Human Resources 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
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
The three most widely used methods for inventory valuation are: First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and Weighted Average Cost| Deskera Blog
Predictive maintenance leverages data, IoT sensors, and AI-driven analytics to anticipate equipment failures before they occur.| 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
Invoice factoring is a financing method for businesses where unpaid invoices are sold to factoring businesses. It helps with improving cash flow.| Deskera Blog
ERP systems consolidate project-related data from various departments into a single source of truth, ensuring that teams have real-time access to information.| 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
Auditing is a review and verification of your financial documents which ensures transactions are accurate and legally compliant.| Deskera Blog
Salvage value is defined as the book value of the asset once the depreciation has been completely expensed.| Deskera Blog
A depreciation schedule is a table that represents how much an asset’s value has been used up over the years.| Deskera Blog
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Fixed costs are those expenses that remain constant regardless of your production. Variable costs are those expenses that change with your production levels| Deskera Blog
A well-implemented source-to-settle (S2S) process enhances procurement efficiency, strengthens supplier relationships, and improves financial transparency.| Deskera Blog
ROA is a financial metric that measures how efficiently a company uses its assets to generate profits.| Deskera Blog
In finance, asset impairment is the term used for when there’s a permanent decrease in the value of a company’s asset- both tangible and intangible.| 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
ERP systems integrate various business processes into a unified platform, enhancing operational efficiency, and ensuring positive customer experience.| Deskera Blog
ERP security is critical for protecting sensitive business data and ensuring the integrity of operations.| 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
Enterprise Resource Planning (ERP) is a software program that facilitates the management of business operations, finances and accounting on a daily basis.| Deskera Blog
Work in progress (WIP) refers to any inventory that has begun the process but is not yet a finished good. Reducing WIP is important for element to focus on.| Deskera Blog
The total cost of goods in a company's inventory that has not been used for manufacturing or producing finished goods is known as raw materials inventory. The goods which are now in stock and available for usage, are referred to as pre-production inventory.| Deskera Blog
Learn what deals in CRM are and how they play a crucial role in the sales process. Discover best practices for managing deals and key features.| Deskera Blog
Qualified Business Income (QBI) refers to the net amount of income, gains, deductions, and losses from a qualified trade or business.| 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
ERP systems for manufacturers unify various business processes into a single platform, including production, inventory, and financial management.| Deskera Blog
A bill of materials (BoM) is a thorough rundown of parts, components, assemblies, and different materials needed to make a product.| Deskera Blog
What is an asset? How to identify assets? Types of assets. How to calculate assets? What is the debt to asset ratio? How to calculate return on assets?| Deskera Blog
Are you a manufacturing leader looking to enhance your inventory forecasting capabilities and drive operational efficiency? Effective inventory forecasting is a critical component of successful manufacturing operations, allowing companies to optimize inventory levels, minimize costs, and meet customer demands.| Deskera Blog
A Manufacturing Execution System or an MES assists firms in ensuring that their manufacturing activities are up to the mark. The system also takes care of the efficiency of their output. It is a software system that connects the manufacturing floor's machines, work centers, and data flows. It assists in tracking and managing these data flows.| Deskera Blog
The pharmaceutical industry loses about $50 billion in view of the overall shortcoming of batch processing. It's because of time requirements, delivery mishaps, damage, or the cost of a review.| Deskera Blog
Understanding the production cycle in manufacturing is important because it helps ensure that goods are produced efficiently, cost-effectively, and safely. It also enables manufacturers to identify areas where improvements can be made and helps them plan for future production needs.| Deskera Blog
Lean manufacturing has contributed to a 25 percent increase in productivity. Additionally, it has resulted in a 20 percent reduction in lead times [https://www.deskera.com/blog/lead-time]. Lean manufacturing is a business philosophy focusing on reducing production waste. It aims at improving efficiency and creating a better working| Deskera Blog
Avoiding expenses related to late deliveries improves a manufacturer's financial success. Running a business requires proper understanding of how long a task will take to finish. For daily tasks, long-term projects, and industrial processes alike, knowledge is power.| Deskera Blog
According to a recent study conducted by Statista, 76% of manufacturing executives in the United States identified inventory control optimization as a top priority for their organizations. The study also revealed that 83% of executives believe that advanced analytics and real-time data can significantly enhance inventory management capabilities.| Deskera Blog
Vendor Managed Inventory (VMI) transforms modern manufacturing operations by reducing lead times, improving fulfillment accuracy, and boosting sales.| Deskera Blog
The Inventory Reorder Point in inventory management is the minimum level of stock for a specific product.| 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
Manufacturing lead time is the time it takes to produce a product or service. It includes the time duration from the start of the process till the delivery.| Deskera Blog
An SKU is a unique number or code allocated to each product that differentiates it from the other products in the warehouse., making it easier to track| Deskera Blog
The impact of RFID technology in the manufacturing sector is undeniable, as evidenced by staggering statistics. According to a recent study by Supply Chain Digest, companies implementing RFID technology experience an average inventory accuracy improvement of 27%.| Deskera Blog
Sales is a set of activities and processes carried out to sell goods or services to potential prospects. Learn what is sales and how it works now!| 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 planning is the process of deciding how a product or service will be manufactured before the manufacturing process begins.| Deskera Blog
Here's an in-depth guide on inventory management to help you optimize stocking and warehousing. Learn about benefits, techniques, and different challenges.| 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
Discover how automated inventory management systems can transform your business by enhancing accuracy, reducing costs, and boosting efficiency.| Deskera Blog
Order management refers to the process of efficiently handling and tracking customer orders from the initial placement to final delivery.| Deskera Blog
Procurement refers to activities carried out by businesses to acquire products and services. It assists to streamline costs, ensure quality, & reduce risk.| Deskera Blog
What's inventory all about? Get clear definitions, explore various types, and understand through examples. Manufacturing basics made easy.| Deskera Blog
Discover the top 6 ERP systems to help you run your business operations in 2024. Check which of these fit your needs to make an informed buying decision.| Deskera Blog
ERP systems streamline job work outs, enhance efficiency and collaboration. A must-read guide for executives on the benefits and successful implementations.| Deskera Blog
Learn what ROI (Return on Investment) is, how it’s calculated, and why it’s a crucial metric for measuring business success.| Deskera Blog
Successful product production operations can only be conducted by companies with precise cycle times. But what if it's impossible to gauge or track how long it will take to manufacture and package deliverables? So they are prepared for distribution to customers? Manufacturing procedures are never simple.| 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
Lead time is the total time taken from the initiation of an order until the goods are delivered and available for use or sale.| 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
Discover the benefits and types of warehouse inventory management software. Also, explore some of the leading software providers to enhance efficiency.| Deskera Blog
Discover the top 10 manufacturing software solutions to streamline operations, boost efficiency, and support growth for businesses of all sizes.| Deskera Blog
Discover the best manufacturing software for small businesses. Learn key features, top picks, and how to choose the right solution for your needs.| Deskera Blog
Discover the top 10 warehouse management software solutions designed to optimize your operations and find the best WMS for your business needs.| 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
Deskera is an emerging leader that provides integrated Cloud ERP suite for SMEs of India. It has all the applications that are required by organizations to mana| Deskera Blog
Process manufacturing is a production method that involves creating products by combining raw materials and processing them through a series of steps.| Deskera Blog
Warehouse management is the process of managing the receipt and storage of materials, their movements within the warehouse, and their shipment to customers.| Deskera Blog
Maximizing warehouse efficiency through effective inventory control strategies is crucial for businesses to achieve operational excellence, reduce costs| Deskera Blog
Understand the basics of stock classification. Find out how different types of inventory impact manufacturing and retail businesses.| 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
Warehouse management is the process of managing the storage and movement of goods & materials within a warehouse. It’s an important part of any supply chain| Deskera Blog
Manufacturing is the process of turning raw materials into finished products. It involves steps like designing, production, assembly, testing, and packaging.| Deskera Blog
ERP implementation is the process of integrating ERP software into an organization's operations to streamline processes and improve decision-making.| Deskera Blog
Implement a manufacturing ERP to improve efficiency and productivity, enhance resource planning, cost reduction, and enhance operational visibility| 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
Discover how ERP systems enhance financial management by automating key processes, improving accuracy, and facilitating better decision-making.| Deskera Blog
