Most manufacturers are very concerned with operations and place less emphasis on the finance or accounting operations. They understand where their money is made, on the production floor. However, this thought process can often lead to much less attention being paid to how much time clerks are spending entering data and how much time is spent [...]
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Formula Manufacturers: Inventory Control Issues A Recipe For Disaster
Most formula manufacturers that I encounter are constantly looking at ways to improve their inventory costs and reliability. Nothing is worse for them than having a customer order and/or production ticket ready for staging only to find that the raw materials are not available. During my review of business processes for prospects many times the Material Planner/Purchasing Manager is [...]
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