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.
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 →
Designed for Manufacturers Who Must Comply with Department of Defense (DoD) Cybersecurity Maturity Model Certification (CMMC) to Ensure NIST 800-171 Security Standards are being Implemented Throughout the DoD Supply Chain… read more →
When it comes to your back-office solutions, manufacturing companies have a lot to consider for managing all the various aspects of your business. However, before we dive into that topic… read more →
Seven Tips for Preparing for the Manufacturing Industry of Tomorrow C-level leadership executives across the manufacturing sector face countless challenges today, from profit margins to inventory control to changing industry regulations – the list goes… read more →
For Manufacturers, A Solid ERP Implementation Foundation Leads to Years of Benefits For over 38 years now, The Lake Companies has been working with Wisconsin, Minnesota, and Upper Michigan manufacturers… read more →
The Secret to Maximizing Hiring in This Competitive Market According to the U.S. Bureau of Labor Statistics, at the end of 2020, unemployment across the Midwest fell below 7 percent. In… read more →