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
What is ERP and how does it work?
ERP is not just a software. ERP stands for Enterprise Resource Planning. Enterprise means the whole organization including all functions and processes. Resources are Manpower, Machine, Space, Material, Time, Money etc. that are used to produce the pr...
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
How a manufacturing company can manage its’ Inventory Stock?
For a manufacturing company, controlling inventory stock is very important. Without controlling inventory stock, a manufacturing company never be able to control its’ actual business condition. In this article, it will be discussed about how a ...
Zakir Hossain | Business Analyst
Unlocked many great things by recording the received & issued (Stock Transaction) processes.
Received & Issued processes (Stock transactions) are very easy and simple processes of warehousing. By controlling these processes, many great things can be unlocked. To control the processes, each & every transaction needs to be recorded. By...
Zakir Hossain | Business Analyst
Most of Bangladeshi RMG companies are not getting expected results from ERP
Bangladesh is the 2nd largest Garment & Textile manufacturing country in the word. Many companies try to implement ERP but most of them fail to get expected results. All customer Orders are not executed by ERP ERP is implemented in different Garm...
Zakir Hossain | Business Analyst
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
A manufacturing company will not survive in business, without proper inventory recording
Inventory is the most important part and base of a manufacturing company. If a company can’t control its inventory, it will face huge problem even it will be dropped out from the business. To control inventory, company must have a strong invent...
Zakir Hossain | Business Analyst