Any industry can not produce a goods or products without material and it’s movement. For every movement of material in the industry, there is a reason. If material movement is not effective then There could be increase in cost of material movement
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Why Do Industries Choose Subcontracting (Outsourcing / Offshoring)
Subcontracting (Offloading or Outsourcing) In the current industrial world, subcontracting (Outsourcing and offshoring) is common. We can see that industries are subcontracting their work for one or more reasons.Obstacles in manufacturing lead to subcontracting manufacturing. This post is covering the
Order to cash business process in Industry-Get better insight
The purpose of any industrial setup is to make a profit and generate revenue from customer orders. But to make this happen industry needs to plan and execute multiple business processes (order management system or business process management).These multiple processes
Looking for free software alternative to MS office?
Most of us use the Microsoft Office in our professional life. But when it comes to personal life it is somewhat expensive to buy and renew Microsoft Office license. What if you get a free software which will replace the
Stages without which ERP Implementation Project would be Incomplete
For any project, activities are broken down into pieces so that it is easy from Planning and control point of view. ERP project is not an exception. When the organization wants to go for ERP system implementation then they have to
How does Statistical Inventory Control (SIC) Works?
Statistical Inventory Control (SIC). Inventory optimization model or Inventory management technique Statistical inventory control (SIC) is an inventory management tool which helps in inventory control.SIC is based on statistics (Statistics collected in past) like daily consumption, lead time to replenish inventory, fluctuation in
What are Quality Control processes that Manufacturing Industry can have?
Quality Control Process We all know that to retain a customer in such a competitive world is not so easy. To retain a customer, we have to work on many aspects to make sure customer satisfaction, out of which quality is one
How to get more Returns on Investment in ERP Software(ERP ROI)
How to get more Returns on Investment in ERP (ERP ROI) – When the organization thinks of using an ERP software,they should consider it as an Investment. Almost,everybody wants to have maximum returns on investment and investment in ERP is