Effective inventory management is crucial for any manufacturing operation looking to scale. This blog post will delve into strategies for optimizing inventory turnover and achieving cost savings. It will cover the importance of accurate data on bills of materials, routings, and vendor lead times, and how this data can be used to reduce excess inventory and improve cash flow. The post will also highlight the benefits of regular inventory snapshots and quick filtering techniques to keep track of inventory levels, identify inefficiencies, and make necessary adjustments in real-time.
Up until recently, the manufacturing landscape was characterized by a lack of real-time information and communication hurdles that often left manufacturers grappling with operational inefficiencies. Issues took longer to resolve,… read more →
Experience Document Automation now with Cloud Convenience GREEN BAY, WI – June 26, 2024 – The Lake Companies, LLC, a leading provider of innovative document automation solutions, are thrilled to… read more →
The manufacturing shop floor is the heartbeat of any production facility, where raw materials are transformed into finished products through a complex and orchestrated dance of machinery, workers, and processes.… read more →
In the manufacturing industry, the management of a company’s digital documents is easily overlooked as the unsung and vital cog that keeps the gears of the industry turning smoothly. From… read more →
Innovative Products Extend the Power of Infor SyteLine ERP to MES, ECM, BI and More Green Bay, WI – The Lake Companies, an award-winning Infor enterprise resource planning (ERP) business software… read more →
Press Release – The Lake Companies Named ‘2023 Company of the Year’ By The Technology Headlines Technology Headlines has recognized The Lake Companies as one of the leaders in the industry.… read more →
The Lake Companies Recognized as One of the ‘Top 10 Companies Revolutionizing Manufacturing in 2022’ by Industry Tech Insights Industry Tech Insights has recognized The Lake Companies as one of… read more →
Four Insightful Tips for Long-term Business Success The Lake Companies has worked with manufacturers across the globe for nearly four decades. There is a common thread, the best manufacturers are… read more →
Not all Enterprise Resource Planning (ERP) Software is Built the Same Whether you are a manufacturer looking for an ERP software or to replace an outdated system, the search often… read more →