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
It is a manufacturing method where different goods are produced on the same production line according to irregular production schedule| Deskera Blog
The acquisition of materials is the primary distinction between toll manufacturing and contract manufacturing.| Deskera Blog
If you are involved in the manufacturing industry, you may have come across the term "routing" as a critical component of efficient production management.| Deskera Blog
This is because it affects all aspects of life, and the decisions and actions of individuals,businesses,and governments can impact our future significantly.| 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
A report by the National Association of Purchasing Management found that companies with effective supplier management practices can reduce supplier-related issues by up to 70%.| Deskera Blog
According to a study by the Institute for Supply Management (ISM), US companies with best-in-class procurement practices can achieve cost savings of up to 18% compared to their peers.| 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
Obsolete inventory refers to items in a company's inventory that are no longer in demand or have lost their market value. These products may have become obsolete due to changes in technology, consumer preferences, or other factors that have made them irrelevant or unattractive to buyers.| Deskera Blog
Overstocked inventory ties up valuable resources, takes up valuable storage space, and can ultimately result in wasted resources and lost profits. Understocked inventory, on the other hand, can lead to stockouts, dissatisfied customers, and missed opportunities.| Deskera Blog
A manufacturing process includes a series of steps to convert raw material into finished products. It includes six different types of manufacturing process.| Deskera Blog
Statistical Process Control (SPC) is the solution for manufacturers. SPC assists as crucial tool for monitoring and improving manufacturing process control.| 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
A digital marketing strategy is a plan for creating an online presence using tools like social media, paid search, organic search, and other web-based platforms like your website.| 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
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
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
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
Procurement refers to activities carried out by businesses to acquire products and services. It assists to streamline costs, ensure quality, & reduce risk.| Deskera Blog
Supply chain disruption is a term used to describe any event or situation that affects the normal flow of goods or services. This can include anything from a natural disaster, to a labor strike, to a pandemic.| 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
3D printing is a process of creating three-dimensional objects from a digital file. The process uses a specialized printer to build objects layer by layer from a variety of different materials such as plastic, metal, ceramics and composites. The technology is used to produce prototypes, working parts, and end-use products for a variety of industries, including healthcare, aerospace, automotive, and consumer goods.| Deskera Blog
