Detailed production planning is largely related to efficiency and lean manufacturing practices. It simply involves the careful consideration of variables that affect production. Detailed production ...

Both service operations and manufacturing operations are in the business of satisfying customers, and that requires organization and planning. While the mechanisms and inputs for creating customer ...

Automation. Artificial intelligence. Machine learning. These sound more like sci-fi than actual business tools, right? If you’re like many small-to-medium-sized businesses, you might be taking your ...

An MRP or Manufacturing Resource Planning software is a comprehensive business management tool designed specifically to meet the needs of manufacturers. It helps with every aspect of running a ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Enterprise resource planning (ERP) is a method of using computer technology to link various functions—such as accounting, inventory control, and human resources—across an entire company. ERP is ...

Around for decades, the trusty material requirements planning (MRP) system continues to be used in one form or another by many manufacturers. Sure, at most medium-size and larger companies, MRP has ...

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...