A fundamental reorder method has been introduced for various ERPs and other kinds of inventory management applications in the Min / Max inventory ordering system. The value of ‘min’ reflects a stock amount that causes a reorder and the value of ‘max’ represents the new stock level after reordering. The difference between the Max and … Continue reading How to Maintain minimum-maximum inventory level?
The scope of Additive manufacturing (AM) has recently expanded from prototyping to tooling and production of end-user parts. AM has its influence across many industries including aerospace and defense, automotive consumer goods, industrial products and so on. As a highly innovative production technology, additive manufacturing is gaining fast interest, due it the advantages it offers … Continue reading How additive manufacturing helps supply chain