An ERP-centered architecture codifies constraints, generates finite-capacity schedules, and reconciles planned versus actual performance continuously.

Automation. Artificial intelligence. Machine learning. These sound more like sci-fi than actual business tools, right? If you’re like many small-to-medium-sized businesses, you might be taking your ...

There is not a huge difference between Manufacturing Resource Planning (MRP) and its second iteration known as MRP II. Each system was designed to help ensure businesses have the right balance of ...

Enterprise resource planning (ERP) is a software that enables organizations to manage and automate their business processes. This software has been widely used for back-office operations, which ...

Both service operations and manufacturing operations are in the business of satisfying customers, and that requires organization and planning. While the mechanisms and inputs for creating customer ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Both enterprise resource planning (ERP) and material ...

COVID-19 has severely challenged and exposed gaping weaknesses in financial planning and analysis (FP&A) for manufacturing. Forecasts and models based on traditional historical data failed in the face ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Introduction In every war, long-term engagements have demonstrated the complexity of logistical planning. However, throughout the ongoing ...