by Robert Brandon | Feb 10, 2023 | Workflows
A bill of materials (BOM) is a reference list that manufacturers use to streamline and track their manufacturing process(es). That sounds complicated — and it can be — so it helps to break things down. It’s important to note that there are a lot of different...
by Robert Brandon | Feb 2, 2023 | Workflows
ABC analysis is a technique used to make more informed decisions on how much inventory to carry. Businesses using this classification of inventory management place their products into three categories: A, B, and C. Items in “Category A” are high-value products and...
by Robert Brandon | Jan 26, 2023 | Accounting
Manufacturing is a tricky business, especially when trying to calculate total manufacturing costs. The process itself introduces a myriad of variables, ranging from input and output to direct and indirect costs. As a result, it’s a good idea to know how to use...
by Robert Brandon | Dec 16, 2022 | Inventory
A cycle count is one of many methods for counting your inventory. During this process, a business breaks its inventory into different categories, then regularly counts the amount of available product in each category. For example, the organization might count the...
by Robert Brandon | Dec 2, 2022 | Inventory
Today we’ll be talking about ERP systems (Enterprise Resource Planning), sometimes referred to as ERP software. They’re similar to inventory management software, but there are some important distinctions. It’s generally accepted that an ERP system is...
