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Total manufacturing cost is an essential metric for understanding the profitability of a business. It can be used to adjust the selling price of your products, identify and cut expenses, and calculate other key metrics like the Cost of Goods Manufactured. In this post, we explore total manufacturing cost and its utility to manufacturers. You can learn more about it from this episode or read about it on our blog More information about MRPeasy software at our website mrpeasy.com

Product variants are versions of products with variations in attributes such as color, size, material, features, pricing, etc. Even though selling a product with variants is quite clear-cut, managing their production can be a real headache. You can learn more about it from this episode or read about it on our blog More information about MRPeasy software at our website mrpeasy.com

The manufacturing sector is going through a deeply challenging period. Here are six questions arising in the day-to-day operations of modern small manufacturers that leave managers exhausted. You can learn more about it from this episode or read about it on our blog More information about MRPeasy software at our website mrpeasy.com

Arizona-based LED system manufacturer Anthem One provides a diverse range of industries with compact but powerful lighting and disinfecting solutions. With its production team in the US and its procurement department in Taiwan, the company needed a cloud-based ERP/MRP system to collaborate seamlessly across the globe. You can learn more about it from this episode or read the article here More information about MRPeasy software at our website mrpeasy.com

Manufacturing accounting is an internal business management process that helps managers keep an eye on the fiscal performance of a manufacturing operation. This post looks at the basic processes that inform manufacturing accounting and defines its most relevant terms. You can learn more about it from this episode or read the article here More information about MRPeasy software at our website mrpeasy.com

Manufacturing bottlenecks are points in the production process that are constrained by inefficiency. Finding and eliminating bottlenecks allows you to use more of your production capacity, minimize WIP inventory, reduce lead times, improve quality, and increase the overall efficiency of your manufacturing business. You can learn more about it from this episode or read the article here More information about MRPeasy software at our website mrpeasy.com

We have all seen manufacturing depicted in cartoons. Basic resources are rolled into a factory, followed by loud noises and a smoking chimney. Then, shiny finished products emerge on the other side. In reality, manufacturing is a bit more complex. On their journey toward becoming final products, raw materials go through work in process inventory. In this post, we look at what WIP is and how to account for it. You can learn more about it from this episode or read the article here More information about MRPeasy software at our website mrpeasy.com

After trying out a number of solutions, innovative microencapsulated fragrance maker MicroCapture found a perfect software companion in MRPeasy. “We managed to set up bills of materials and products in a single week,” says Customer Support Executive, Kate Taylor. You can learn more about it from this episode or read the article here More information about MRPeasy software at our website mrpeasy.com

The lean manufacturing methodology chiefly revolves around minimizing production times and raising efficiency by eliminating waste. In this post, we go through the 8 principal wastes in lean manufacturing and see how manufacturing software can help to address them. You can learn more about it from this episode or read the article here More information about MRPeasy software at our website mrpeasy.com

Material planning is the process of figuring out what and how much is needed in order to produce goods within a specified timeframe, and ensuring the timely delivery of those materials. Accurate material planning can contribute significantly to the efficiency and profitability of a company. You can learn more about it from this episode or read the article here More information about MRPeasy software at our website mrpeasy.com

Configure, Price, Quote (CPQ) is a sales tool that makes it easy to calculate the prices and lead times of complex, configurable products, and to quickly generate quotes with the relevant information.  You can learn more about it from this episode or read the article here More information about MRPeasy software at our website mrpeasy.com

Whole and Free Foods, the Chicago-based manufacturer of Every Body Eat® wellness snacks, cuts down on waste, improves its production processes, and achieves healthy growth by using manufacturing resource planning software. You can learn more about it from this episode or read the article here More information about MRPeasy software at our website mrpeasy.com

Economic order quantity is a supply chain management technique used to determine the optimal lot size per order. This is done in order to avoid stockouts and overstocking, thereby balancing inventory costs and opportunity costs. You can learn more about it from this episode or read the article here with examples.  More information about MRPeasy software at our website mrpeasy.com

Keeping optimal stock levels in order to avoid stockouts is an integral task of inventory management. One of the most fundamental ways in which to ensure this is setting and maintaining the right reorder points. You can learn more about it from this episode or read the article here. More information about MRPeasy software at our website mrpeasy.com

With eCommerce taking the world by storm and complex, continent-spanning supply chains the new normal in retail, selling goods on consignment is gaining popularity across diverse manufacturing sectors. In this post, we look at what is consignment inventory and weigh its pros and cons. You can learn more about it from this episode or read the article here. More information about MRPeasy software at our website mrpeasy.com

UK battery management system manufacturer Brill Power gets a power boost in their manufacturing and inventory management by implementing an ERP/MRP system. “None of what we do at present would be possible without MRPeasy,” says Stuart Grondel, Strategy and Operations Manager. You can learn more about it from this episode or read the article here. More information about MRPeasy software at our website mrpeasy.com

For manufacturers and distributors alike, backorders constitute a reliable means of keeping up sales even after goods have gone out of stock. In this article, we look at the meaning and causes of backorders and weigh their pros and cons. You can learn more about it from this episode or read the article here. More information about MRPeasy software at our website mrpeasy.com

A multi-level BOM is a bill of materials that represents the composition of various subassemblies in addition to the final product. This type of BOM becomes indispensable when a certain level of product complexity is reached but there are also situations where the use of a multi-level BOM is unwarranted. You can learn more about it from this episode or read the article here. More information about MRPeasy software at our website mrpeasy.com

Peasy the Elf is the Production Manager of Santa’s Workshop. Leaning on some software magic and his decades of experience in manufacturing, he makes sure the right presents reach the right people each holiday season. You can learn more about it from this episode or read the article here. More information about MRPeasy software at our website mrpeasy.com

The many cost-oriented KPIs in manufacturing accounting constitute some of the most important financial metrics for manufacturers and distributors. In this post, we look at the function and relevance of one such KPI – the Cost of Goods Sold. You can learn more about it from this episode or read the article here. More information about MRPeasy software at our website mrpeasy.com