by Robert Brandon | Feb 16, 2023 | Barcoding
No matter where you live, you almost certainly see barcode labels on a regular basis. Businesses slap them on just about everything– everyday products, food products– they’re even barcoding shelves! There’s a good reason for this. Barcodes are some of the...
by Robert Brandon | Feb 10, 2023 | Workflows
Key takeaways A bill of materials (BOM) is a detailed list of all components, raw materials, and procedures required to manufacture a product. Every BOM should include consistent details such as assembly name, material quantities, costs, part numbers, and the general...
by Robert Brandon | Jan 26, 2023 | Accounting
Key takeaways The total manufacturing cost formula is: total manufacturing cost = direct material cost + direct labor cost + manufacturing overhead. The direct materials cost formula is: direct materials = (starting inventory + purchases – ending inventory). The...
by Olivia Barnes-Brett | Oct 13, 2022 | Inventory
Key takeaways The difference between wholesaler vs distributor boils down to whose interest they serve. Wholesalers buy in bulk and resell to retailers with little exclusivity, while distributors work closely with manufacturers and often have exclusive rights to sell...
by Olivia Barnes-Brett | Oct 6, 2022 | Inventory
Key takeaways The responsibilities of an inventory manager vary from tracking inventory levels to purchasing, replenishment, and managing supplier relationships. Inventory managers should employ a number of techniques, such as just-in-time inventory, reorder points,...
