5 Tips for Making Material Planning More Effective

By using these tips, your material planning efforts should become more effective as you and your MRP or ERP system gather accurate and reliable information that results in timely shipments, and a clearer picture of your inventory.

Accurate and ongoing material planning is a critical process for any manufacturer. Without it, you risk higher inventory costs, unhappy customers, inventory shortages, and fewer on-time deliveries. Your production schedule can be thrown off-kilter, which will likely result in lower profits.

The good news is that none of these things need to happen. Effective material planning helps with production, inventory control, and other areas like sales quoting, work orders, bills of material, and shop floor management. With reliable material planning, manufacturers can expect to see improvements in customer satisfaction, inventory control, and their company’s bottom line.

Read more from here: https://manufacturing-software-blog.mrpeasy.com/5-tips-for-making-material-planning-more-effective/

Timecode:
0:00 Introduction
1:37 1. Your inventory balances must be accurate
2:57 2. Proper forecasting should be a priority
4:33 3. Take lead times into consideration during material planning
5:40 4. Audit your vendors regularly
6:50 5. Understand your capacity

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Видео 5 Tips for Making Material Planning More Effective канала Manufacturing Software Channel