Author: Eyelit Technologies
FIFO vs. LIFO vs. Average Cost Method
What is the difference between the average cost method, FIFO, and LIFO methods of inventory value calculation, and why does it matter? Inventory is a crucial component of a business’s financial statements, and it is essential to know how to calculate and record inventory costs. Inventory costs are important for managerial decision-making and for tax purposes, and there are different ways to calculate them, such as the average cost method, FIFO, and LIFO.
From Data to Decisions: AI in Manufacturing
It is not a secret that Artificial Intelligence (AI) is now starting to transform industries globally, and manufacturing is no exception. Mainstream everyday adoption, however, will most probably come from Agentic AI, more commonly referred to as AI Assistants or Agents. But before we go into how AI is transforming the business world, let’s keep …
How to Calculate Average Inventory in Manufacturing
As a showcase for the growing worldwide impact of the southern United States’ automotive industry, the Southern Automotive Conference, held at the Chattanooga Convention Center, was a rousing success.
Is your Digital Transformation stuck in first gear?
Similar to shifting gears to keep accelerating a car, a digital transformation strategy is necessary to keep up with today’s business environment. Although the theoretical strategies are easy to design, explicit steps are needed to change processes, avoid pitfalls, and ultimately execute an organizational gear shift. Before I go on, let me first remind automatic transmission drivers of what a …
Highlights from 2024 Southern Auto Conference
As a showcase for the growing worldwide impact of the southern United States’ automotive industry, the Southern Automotive Conference, held at the Chattanooga Convention Center, was a rousing success.
Lfoundry Does the Impossible! Flips Switch on MES & Migrations to Eyelit
Problem: LFoundry (“LFoundry”), a semiconductor foundry, a vendor for the automotive and industrial sectors, located in Avezzano, Italy, migrated away from its existing legacy MES system which was deeply ingrained in the day-to-day operations of the fab. Eyelit Technologies (“Eyelit”), having experience in several MES migrations, was brought in to help convert the facility that …
What is the End Game | Enabling Smarter Manufacturing Webinar
How Manufacturers Win: Productivity, Efficiency, Sustainability & Quality What does winning in manufacturing really look like? In this video, Eyelit Technologies explains the four outcomes every manufacturer should be driving toward: As global competition intensifies and sustainability expectations rise, manufacturers must improve throughput, reduce costs, optimize assets, and protect margins — without sacrificing customer satisfaction. …
Eyelit Technologies Announces New Agreement with Teledyne MEMS
Holmdel, NJ October 2024– Eyelit Technologies (Eyelit), a leading provider of manufacturing software including Manufacturing Execution System
Simplifying Manufacturing with Eyelit Technologies Composable Solutions
In manufacturing, things don’t always go as planned. Companies often have to deal with unexpected changes that can disrupt production, leading to inefficiencies and higher costs.
Transforming Factory Decision-Making: Integrating Advanced Planning, Scheduling, and MES/MOM Capabilities for Enhanced Productivity
Welcome to the future of manufacturing! This blog post dives into the powerful combination of Advanced Planning, Scheduling, and Sequencing with a full suite of MES/MOM capabilities.
