If you are in the accounting department in a lean manufacturing company, and your company uses a standard costing system, it is inevitable that the you will be faced with dealing how your standard ...

Lean manufacturing centers around minimizing waste and reducing costs through automation and continuous improvements in operational efficiency. Lean manufacturing relies on integrated technological ...

Lean management programs are no longer restricted to a narrow segment of manufacturing companies. A wide range of medium-sized and large companies from different industries have deployed, to varying ...

Another wave of lockdowns will renew concerns about supply chains and shortages. As a grower of fresh mushrooms, for decades I experienced the difficulties of filling orders during wild fluctuations ...

Companies use a Just-in-Time manufacturing and inventory management system to improve the efficiency of the company and reduce costs. The system requires manufacturers to purchase only when customer ...

An inventory control system is a system the encompasses all aspects of managing a company’s inventories; purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering.