WIP (work-in-progress) is a term which refers to the partially finished goods that is still in the production flow and are yet to hit the state of being customer ready. WIP holds labour costs, raw material costs and overhead manufacturing costs that are invested in...
The Latest in Factovize
Customizable Advanced Reports for your WIP Manager 1.0
It has been just less than a month, since we released our initial version of fully digitized WIP Manager. And now, we are back with the super cool update on it. Can you guess?? YES!! WIP Manager is now ungraded to generate work-in-progress reports (WIP reports). Also,...
Announcing fully digitized WIP Manager for WIP Tracking
A decade ago, I was working in a garment factory where every data is manually entered using paper sheets. There is no proper track of data especially the materials in, out and WIP and there is a high risk and possibility of manipulating the original data. Even today I...
Top 5 charts for Manufacturing Productivity Tracking with MES
Modern Manufacturing demands proper planning, control & optimization of the production process. Though a successful manufacturing needs skilled labor, customized/expensive material inputs and rely on process flexibility, tighter control, it needs a powerful MES...
7 Essential Software Tools for Manufacturing
Everything is done manually before the arrival of software tools. The perspective about doing it manually, may differ from one person to another person. However, the manual process will be extremely time-consuming and it usually entails more employees being involved...
7 Key Benefits behind Digital Transformation
“Produce More with Less Resources”, is the key of all the Industrial revolutions over the centuries. The current revolution is expected to provide a leap forward in terms of efficiency. Live tracking of performance, WIP, Production Control with the reduction of...
Six ways you can Improve Productivity in Manufacturing
Productivity is an ultimate goal of the manufacturing industry. Especially, high production on a short span of time without any bad quality is a big dream of an Industry. However, to achieve this, the manufacturing industry should think of some key factors...
Top 5 Technologies manufacturing should adopt before 2025
Adopting new technology is a growing symptom of all Industry and similarly manufacturing Industry is not an exception. Industrial revolutions have made many improvements in manufacturing and service systems. Because of remarkable and rapid changes appeared in...
Digital Transformation for Manufacturing – Challenges & Solutions
Manufacturing Industry has a major key role in the economic growth and development of countries. Historically, it has been the heart of all developed and developing nations. Also, the economic growth of the country relies only on the increase in productivity growth....