32 Smart Ways to Cut Total Manufacturing Costs (TMC) and Boost Profits
Some of the strategies that will help you reduce total manufacturing costs are: design products efficiently, standardize components and parts, and more.| 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
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
Depreciation represents the decrease in the value of an asset due to its continuous deterioration through its useful life. Companies calculate depreciation to estimate how much their assets have decreased in value over time.| 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
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
Procurement management is an authentic process to integrate a strategic approach for procurement. The main aim of procurement management is to optimize the cost being invested by the organization.| Deskera Blog
Backordering refers to the order of a product which is out of stock currently. The product could either be unavailable in the company’s inventory or is under production.| Deskera Blog
ERP systems for manufacturers unify various business processes into a single platform, including production, inventory, and financial management.| Deskera Blog
Explore the complete guide to production planning and scheduling, including key concepts, tools, and best practices for manufacturing success.| Deskera Blog
The inventory management ensures that there are enough goods or materials to meet demand without creating overstock, or excess inventory.| 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
Inventory costs includes the cost to order & hold inventory & admin cost. Ordering, holding, carrying, shortage and spoilage costs are some common costs.| Deskera Blog
Order management refers to the process of efficiently handling and tracking customer orders from the initial placement to final delivery.| 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 best manufacturing software for small businesses. Learn key features, top picks, and how to choose the right solution for your needs.| Deskera Blog
Maximizing warehouse efficiency through effective inventory control strategies is crucial for businesses to achieve operational excellence, reduce costs| 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
The various factors to consider for choosing the right automotive ERP for your business are: integration capabilities, scalability, and, industry-specific features.| Deskera Blog
