Rich Dale The Problem Having experienced significant growth in recent years Kiverco acknowledged that the existing array of spreadsheets, documents, emails and manual processes were no longer fit for purpose. The production process consisted of multiple spreadsheets that handled data for customer orders, bills of materials, stock, purchasing, engineering tasks, and scheduling on the shop floor. Data … Read more
Modern, cloud manufacturing software can unleash your business potential and long term growth. For build-to-order manufacturers who are competing for market share, there are many demands on budget. Some will have made investments in legacy systems, while some will have no MRP system at all and rely on spreadsheets. Long term gains are clear: Standardised … Read more
What is paid to the supplier is only part of the true cost of holding stock. Businesses that purchase stock, both for production and direct re-sale, will be familiar with the term ‘carrying cost’, which is the sum of: Purchasing the stock Warehousing Handling/delivery Damage and loss Flowlens cloud MRP, with integrated purchasing, job cards … Read more
Globalisation has changed the playing field for businesses, in particular manufacturing companies. There is the opportunity to reach customers in foreign markets and supplier relationships are now on a global scale. However, this brings with it the added risk of external factors such as natural disasters, political instability and currency fluctuations. Now, more than ever, … Read more
An effective stock management process is one of the key components of a company’s purchasing efficiencies. Stock is a large capital investment so it makes sense to manage it as well as possible. In particular, keeping track of raw materials is essential for the smooth flow of the production process. Internal controls to prevent loss, … Read more
Having an accurate estimate of the volume of sales that are likely to close, facilitates the smooth operation of many other business departments. The ‘leads to sales ratio’ is a measure that can guide the efficiency of the production and purchasing functions. While it is only ever an estimateand businesses should never completely rely on this … Read more
Businesses that don’t operate a sales order process, such as shops and rental companies, must hold a ‘safety stock’ to meet unpredicted sales and exchanges. A business that successfully manages its safety stock should never lose a sale because they don’t have an item. Having a lot of ‘out of stock’ products appears unreliable to … Read more
Every business needs supplies, whether it be day-to-day necessities like photocopier paper or materials for manufacturing car parts. Ensuring that the key components that a business relies on are available when needed is the responsibility of the Purchasing Department. Businesses strive for ‘purchasing efficiency’, whereby materials purchased meet required quality standards at competitive prices. In … Read more
The Problem Survitec Group required a solution to manage servicing of its significant global fleet of liferafts, serving thousands of customers, and ensuring legal compliance for its network of service stations. Liferafts must be serviced annually, at authorised service stations, by fully trained and accredited technicians. The challenge was to provide a platform that ensured … Read more
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