Industry Insights

9 Key Definitions Related to Smart Manufacturing

Smart manufacturing is a broad concept and is not something that can be implemented in a production process directly. It is a combination of various technologies and solutions which collectively, if implemented in a manufacturing ecosystem, is termed as smart manufacturing. All these technology and solution can be categorized under three broad categories as connectivity,

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Sourcing Strategies

8 Types of Inventory Defined

Inventory can be defined as the array of finished goods or goods used in production. These goods are either stored in-house or in a warehouse so that a business can meet demand and fulfill orders. For some manufacturers, inventory may look like raw materials and work-in-process. For others, it may be a supply of finished

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