Maximising Supplier Performance: A Guide for SME Manufacturers

In the competitive device and equipment manufacturing landscape, efficient procurement is crucial for maintaining smooth operations and ensuring profitability. For SME manufacturers, particularly those in the device, equipment, and machinery sectors, the performance of suppliers plays a significant role in overall business success. Poor supplier performance can lead to production delays, quality problems, increased costs, … Read more

Latest Flowlens Product Updates – October ’22

MRP, Parts and Stock / Inventory Updates to the display of Part names across the system – We fixed a bug on the stock reservation area of a Job Card so now the ‘Part no – part revision – part name’ is shown in the part name field. We also updated the naming of Purchase … Read more

The Cost of Poor Stock Management

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

Calculating Your Minimum Stock Threshold

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