Materials planning is a form of inventory control applied specifically in manufacturing firms. The materials planning process is intended to ensure the company has all necessary raw materials as ...

Around for decades, the trusty material requirements planning (MRP) system continues to be used in one form or another by many manufacturers. Sure, at most medium-size and larger companies, MRP has ...

However, sensors are only as good as their maintenance. Inventory storage areas can be dusty, materials can spill, and ...

More than two decades ago, research conducted for the electrical construction industry identified that the ideal amount of inventory on a job site equals about three days of installation-ready ...

What is a multi-level BOM? A multi-level BOM is a bill of materials that details the composition of the product as well as the composition of the subassemblies used in the product. While a ...

Learn where raw material costs appear on financial statements and their impact on businesses. Get insights on tracking costs ...

Materials are a necessity for all engineering applications. Materials science and engineering seeks to understand the fundamental physical origins of material behavior in order to optimize properties ...