Insights and Updates: Explore the Latest Trends, Tips.

Blockchain offers numerous features like excellent security, transparency, and decentralization, that have made it a sought-after technology for numerous industries. When you say blockchain, most people think of cryptocurrency like Bitcoin, which was created using this technology. However, blockchain today has many more innovative applications. It is now increasingly being used in conjunction with the […]

Different manufacturers follow different strategies for manufacturing. The strategy depends on the industry, the size of the business, the product, and the business goals that are to be achieved, among other things. Any manufacturing system has specific goals to be achieved. It all starts with the vision and mission of a company. The mission drives […]

Stock usually refers to the finished products a business has for sale – for example, shirts –, while inventory means both the finished goods and the raw materials required to produce goods – like fabric, thread, buttons, etc. However, many businesses use both terms interchangeably – especially when they are not manufacturing. Stock status in […]

You may have come across the term demand planning with regard to inventory management and/or supply chain. That is because it’s a process that is valid across functions, and helps fulfil customer demand for goods without disrupting the supply chain, and with little excess inventory. This can help you increase revenues and keep your customers […]

The general notion most people have about a business is that if they have plenty of goods in stock to sell, or loads of raw material in the warehouse to produce goods, it is doing well – it has goods that can be sold for money. In short, the inventory is seen as an asset. […]

There is no doubt that the logistics industry is critical for business anywhere in the world. Trade and commerce flourish because of it, as do supply chains. The logistics and transportation industry is growing at an exceptionally rapid pace, thanks to the growing popularity of E-Commerce, and the international market opening up. With the smooth […]

We hear a lot of talk about ‘cloud’ in terms of IT and software. Most of us know that it simply means storing data and apps on remote servers rather than your own. But how safe is it to do that? Is your data protected? Read on to know more. ALSO READ: On-Premise or Cloud […]

Today, the steel industry is facing multiple challenges – especially high operational and maintenance expenses, thanks to the huge spike in demand for steel. The steel industry is a material-intensive industry; its industry concentration is low, it is not a well-organized sector and all-around business conditions are not that great. The ability to innovate and […]

What is Capacity Requirement Planning? Capacity requirement planning or CRP is simply the process of figuring out the resources you will need to meet consumer demands. It could be whether you have enough human resources, equipment, and space for the next year, seeing who is available the next week, or even for the next season. […]

As a manufacturing business, you need to choose the production methodology that is best suited for your specific business – mainly the type of product you manufacture, your facility capacity, and so on. There are several types of production processes from which you can choose: ETO or Engineer to Order ATO or Assemble to Order […]