by PrismHQ | Jan 30, 2025 | Industry Challenges, Labor, Operational Efficiency, Production Management
Change can be hard. And typically, the longer it gets put off, the harder it becomes. While manufacturing can be one of the most dynamic, and innovative industries around, it can also be slow to change. This can be due to financial concerns, where... 
by PrismHQ | Jan 23, 2025 | Inventory Management, Operational Efficiency, Tips and Tricks
Effective inventory management is vital for any business seeking to optimize costs and ensure smooth operations. One of the most effective techniques to achieve this is ABC analysis. Rooted in the principles of prioritization, ABC analysis categorizes inventory items... 
by PrismHQ | Jan 16, 2025 | Industry Challenges, Labor, Operational Efficiency, Technology
As we step into 2025, the manufacturing industry faces an increasingly complex landscape defined by supply chain disruptions and economic uncertainty. These challenges, while daunting, also present opportunities for innovation and resilience. Hesitation is natural in... 
by PrismHQ | Jan 9, 2025 | Industry Challenges, Operational Efficiency, Technology, Tips and Tricks
Increased import tariffs can significantly reshape the landscape of the manufacturing industry. These taxes on imported goods often result in higher costs for raw materials, components, and finished products, which can reduce profit margins and disrupt supply chains.... 
by PrismHQ | Dec 19, 2024 | Inventory Management, Operational Efficiency, Production Management, Technology
QuickBooks is practically a household name and serves as the foundation for financial management, handling essential accounting tasks. However, its inventory management and manufacturing capabilities are limited. These features help smaller businesses maintain a basic... 
by PrismHQ | Dec 12, 2024 | Operational Efficiency, Technology, Tips and Tricks
In today’s fast-paced global economy, scalability in manufacturing is a cornerstone success. The definition of a scalable process in manufacturing is one that can effectively adapt to increased production demands without a corresponding linear increase in costs. This...