If you don't have these 3 things, your manufacturing business will collapse for sure
There are 3 key Best Practices in manufacturing business. If any one of them is missing, your business will fall. Think about a simple table with 3 legs. If any of the legs is missing, the table cannot stand. The 1st thing: Stock Transaction Record;...
Bulbul Ahmed | Strategic Transformation Leader | ERP, IT & Enterprise Solution Project Manager | Master Business Analyst | Management Consultant | Driving Innovation Through Process Optimization, Culture Development, and Automation Technology
Why a manufacturing company fails to control Inventory Stocks?
Most of the manufacturing company specially RMG & Textile companies are facing Inventory Stock problem. Many companies getting bankruptcy due to over inventory stock. In this article, it will be discussed about why a manufacturing company fails t...
Zakir Hossain | Business Analyst
Management reports for Inventory Control & Warehousing
Management reports for Inventory Control & Warehousing There are three kinds of inventory stock are available in a manufacturing company. There are Raw materials Work in process Finished goods To know inventory stocks condition, below rep...
Zakir Hossain | Business Analyst
Can't manage your suppliers without a good Inventory Management
Raw materials carry about 80% cost in manufacturing companies. Raw materials are purchased from suppliers. A manufacturing company will fail to manage its’ suppliers without controlling material flows from suppliers. To manage suppliers, it mus...
Zakir Hossain | Business Analyst
Fail to control inventory Stock, business fails to survive in the market
Inventory is the sleeping money. It determines the loss & profit of a manufacturing company even the existence of a company in the market. Company’s profit margin can be high and financial condition will be healthy by controlling inventorie...
Zakir Hossain | Business Analyst