Author: devmass

What Is Inventory Management? Inventory management refers to the process of ordering, storing, and using a company's inventory. These include the management of raw materials, components, and finished products, as well as warehousing and processing such items.   For companies with complex supply chains and manufacturing processes, balancing the...

Inventory control systems maintain information about activities within firms that ensure the delivery of products to customers. The subsystems that perform these functions include sales, manufacturing, warehousing, ordering, and receiving. In different firms the activities associated with each of these areas may not be strictly...

MOUNTAIN VIEW, CA — The need for extensive plant visibility and streamlined multi-plant operations is reenergizing the manufacturing execution systems (MES) market across the globe. Demand will continue to grow, even among small and mid-scale end users, as solution providers develop cost effective MES solutions...

In the world of manufacturing, there are a lot of systems to choose from, each with its ideal use case and set of advantages and drawbacks. Having the appropriate manufacturing system for your product can yield a variety of benefits, including the ability to maintain...

In the current economy, manufacturing industry leaders are often determined by their ability to operate more efficiently, with higher quality, and at a lower cost than their competitors. One of the methods they achieve those things with is a manufacturing execution system (MES). The MES allows...

What it is: Inventory management is the process of ensuring that a company always has the products it needs on hand and that it keeps costs as low as possible. How it works (Example): Inventories are company assets that are intended for use in the production of goods or...