At any given time, a portion of the inventory in a manufacturing operation is in the process of being transformed from raw materials or components into finished goods. Refereed to as a work in ...

Before dealer principals and store managers brush aside the issue by stating something like, “I’m a car guy, not an accountant,” NADA Academy instructor Eric Dreisbach shared eight potential pitfalls ...

How do you eat a chocolate elephant? Well, the answer is easy and well-known – one bite at a time. The same is true when nibbling away at reducing lead time. A value stream map identifies ...

More than a third of the businesses using RFID are doing so to improve the cost, safety and reliability of managing work-in-process (WIP), according to a study released by the Aberdeen Group, a market ...

A buffer can be simply defined as something that serves as a protective barrier. Let’s see how this might apply in the ...

This article was originally published by RFID Update. September 17, 2007—RFID software framework provider OATSystems today announced its Asset Tracking and Work-in-Process Solution which is designed ...

Accountants close the books each month to freeze the data for the period. When the numbers transfer to the general ledger, the accounting activity for the month provides a window for managers to view ...