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 →
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Planning (ERP) Software is Built the Same Whether you are a manufacturer looking for an ERP software or to replace an outdated system, the search often… read more →
Leverage Your Existing Manufacturing Assets Without Spending More Whether your organization is operating on the Agile Methodology, Lean Manufacturing, Six Sigma, Kaizen, Just-In-Time, or another business methodology – there is… read more →
Great Turnout and Sessions Among the Highlights at the 2022 SyteLine User Network (SUN) Annual Conference The SUN Conference returned to Orlando, Florida, this year with a splash! Attendees gathered… 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 →
Understand Your ERP Deployment Options Related to Department of Defense (DoD) Cybersecurity Requirements An interesting phenomenon has been taking root in recent years, in which the government has added cybersecurity… read more →