Applying best business practices to particular industry.
In the case of international trade (cross-border sales), a business transaction may come in different currencies.
Process optimization ● 9 MIN READ
This article touches upon the most common problems of production companies with MRP and how ERP systems might help tackle them.
Today we will talk about how manufacturers can transform their offline businesses to move them online and start their e-commerce journey.
Production planning is one of the crucial steps in the manufacturing process, irrespective of the industry or company size. It normally involves allocation of resources, employees, materials and production capacities in order to satisfy customers needs and produce a set number of items.
Low entry barriers have created fierce competition in the textile and apparel industry. Designing fancy and high-quality clothing is already not enough. Consumers’ demands are harder to meet, as digitalization sped up all business processes. Besides, with the emergence of omnichannel commerce, the majority of textile companies can’t keep up with the competitors’ pace and lose their positions.
One of the most common topics of concern in the food industry is the risk of infection caused by pathogens. That’s why the safety and quality of the processed raw products are the top priority for businesses. Strict regulations for food production make the industry pretty challenging.
There are various production models manufacturers can stick to, depending on the industry and company size. The most popular ones are make-to-order and make-to-stock approaches, which may have a lot in common at first sight. However, there’s a crucial difference between them when it comes to production planning and management.
International trade is expected to reach $630 billion by 2022, with the Asia Pacific becoming the most prominent e-commerce region in terms of both import and export. Obviously, there are immense opportunities here — the overseas expansion can take your business to the next level.
According to a report by McKinsey & Company in 2019, many companies' warehousing costs are dramatically higher than they could be. Common problems, such as inaccurate inventory records, poor layout, or data duplication can result in delayed shipments, wrong picks, and wasted labor.
Process optimization ● 8 MIN READ
The wholesale and distribution industry is now undergoing a massive technology-inspired shift. Nowadays, to stay competitive, companies should perfectly know where their products are
There are different types of production companies that pursue different workflows. That workflows broadly define every business aspect, including customer acquisition, production planning, technological production process, and, for sure, its automation.