Inventory management, manufacturing, and business strategy for small-batch product businesses.
inventory management
The reorder point formula tells you exactly when to place a new purchase order, before you run out mid-production. Here's how to calculate it for raw materials.
If you are a small manufacturer, it is important to understand what raw materials are and how they are used in a bill of materials (BoM). This article covers the basics of raw materials and includes some tips on how to simplify your operations.
