A business may or may not record machinery as inventory for accounting purposes. The concept of inventory in the accounting context is used to help identify certain assets that a company expects to ...

Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Reducing supply chain forecasting errors by 50% and ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Artificial intelligence (AI) and machine learning (ML) are ...

Unlike retailers' and wholesalers' inventories, which consist entirely of items ready for sale, a manufacturing company's inventory will include goods in various stages of production, from raw ...

Inventory management has always been a critical component of the manufacturing process. However, in the modern business landscape, its importance has grown exponentially. The demands of the modern ...

In the intricate and highly regulated world of food and beverage manufacturing, the right software can be one of the cornerstones of success. Food manufacturing software, encompassing ERP (Enterprise ...

For manufacturers, the efficient handling and management of work- in-process (WIP) goods is critical for maintaining competitiveness and meeting customer demands. While enterprise resource planning ...

Companies that hew closely to lean practices will avoid costly mistakes. When properly identified and diligently managed, capacity and utilization are the North Star for navigating a strategic growth ...

New orders of metalworking machinery, measured by the U.S. Manufacturing Technology Orders Report, totaled $437.9 million in ...

Bottom line: Every manufacturer has the potential to integrate machine learning into their operations and become more competitive by gaining predictive insights into production. Machine learning’s ...