Manufacturing is an integral part of business. Producers craft sterile medical supplies to save and extend lives, make food that lines the aisles of supermarkets, and create light bulbs that light homes and streets around the world, among many other functions.
With today’s globalized economy, manufacturers can source the cheapest, highest-quality inputs from anywhere, helping contribute towards lower prices and increased competition. Similarly, computer programs have caused these businesses to remain cost-effective without cutting quality. It’s not always easy to keep inventory in topnotch shape and prevent unnecessary waste, but these three tips should help. (more…)