There is no escaping the fact that there has been a seismic shift in the way customers buy, and the manufacturing industry is no exception. Research shows nearly 90 percent of B2B buyers begin by doing their own research online. Manufacturers … Continued
The basics of using the First In First Out (FIFO) inventory method is to have the good received first to inventory be the first issued to a job or order, from inventory at your business, preferably manufacturing and retail where different kinds … Continued
A 2016 study by Panorama Consulting, LLC states the top reason for implementing ERP Software Technology was to replace old or legacy ERP systems as was the case in the 2015 study at 16% (16-percent). Replace Legacy System remains the … Continued
The inventory management list of harmful practices exceeds three reasons depending on the type of manufacturing business you run. We have compiled the top 3 Reasons Why Overstocking is Just As Harmful As Understocking using the thirty years of working with manufacturers … Continued
Common causes of Cost Overrun, known more colloquially as “going over budget,” is a big problem in the manufacturing industry. Spending lots of money is harmful enough to businesses — spending money that you didn’t plan on spending can be … Continued
For both financial and ethical reasons, safety is one of the most important matters that every manufacturing company out there must address. Here are four of the most common safety concerns in manufacturing, along with a few simple ways that … Continued
Many of the small and medium-sized manufacturing companies that we work with here at SME Software face a similar dilemma: how to compete with larger manufacturing entities that enjoy a number of distinct advantages. In this article, we discuss the … Continued
Back in 1995, Clayton M. Christensen of the Harvard School of Business coined the term “disruptive innovation.” Over the course of the past two decades, this concept has become extremely popular, and is now widely used in business circles. Disruptive … Continued
Aerospace manufacturing is poised for a big year in 2017, although some challenges do exist. In this article, we will discuss the 3 most important trends that will impact the industry throughout the course of the next year. Technology. … Continued
In this day and age, cybersecurity has become a vital issue that every business will be affected by the matter. Though it may seem like a nuisance, the truth is that spending a bit of time, effort, and money now … Continued