IQMS Blog for Manufacturing ERP Expertise
There's a lot that goes into being a buyer for any kind of business - from evaluating different suppliers to negotiating contracts to understanding supply chain management. You've got quite a bit on your plate to manage, but EnterpriseIQ is here to provide the tools you need to make your job easier and help you execute the purchasing strategies that will make your company more profitable. The tools I'm going to highlight in this two-part series include the AKA Buying feature, Material Exceptions List tool, Budget Comparison calculation, Vendor Performance Analysis report and the Vendor RMA module.
At the end of the day, as the truck carrying your freshly manufactured goods pulls away from the dock, you wonder what sort of profit your hard work and quality products delivered. Unfortunately, the costs of running a manufacturing business are not completely straightforward. When you factor in material expenses, overheard such as rent and utilities and employee wages, how do you determine whether you are losing money or making money on each product that you manufacture?
Too often, shipping management and logistics determine whether a finished good arrives by the promise date or not (and whether you have happy customers - or not). Shipping errors, price misquotes, improper packaging and other various shipping logistics frequently cause headaches and take manufacturers away from valuable time on the shop floor. To help combat the common shipping challenges experienced in manufacturing, IQMS recently released a new module called Shipping Manager.
How do you get to the Carnegie Hall of efficiency for the sweet music of success in supply chain management software? Practice, practice, practice.
Growing up can be very disillusioning. As a child, we can be sheltered from so many of life's challenges and issues. Life was one big adventure after another with amazing discoveries waiting around each corner and nothing more than a thought needed to make fiction a reality.
When is an option no longer an option but a necessity? When purchasing equipment it can be the stripped down model or the one fully loaded with all options. You may remember when an automatic transmission and radio were an option when buying a new car. Now a full-blown stereo is included and the manual transmission is the option! Automobiles now come loaded with what used to be options! Power seats, power windows, side view mirrors on both sides etc..
Successful companies have always been on the search for ways to streamline their business processes and run their daily operations as efficiently as possible. These companies know that their success as a business relies on how efficiently they interface within the supply chain and adapt to demand as needed. The brutal economy that crippled companies around the world last year and the slow recovery that has followed has forced many companies to evaluate how they operate within the supply chain and find ways to increase their productivity while keeping the cost of doing business down. EDI is a powerful tool in streamlining business processes and providing cost savings in the right environment.
We have all done it. We've all said something was "good enough." It isn't great, it isn't bad; it's just okay. Whether it is your house, your car, your job, etc.... we often find that settling for things is easier than pursuing another option. And we are right, it is often easier. But is it the best way to go about evaluation and decision making. No it isn't.
This is the year! You have decided you are going to evaluate your existing Enterprise Resource Planning (ERP) system or make the leap to buy a new one. Congratulations.