For manufacturers, selecting a costing method is one of the most important decisions you will need to make because it has an impact on your costs, budgets, and profits. If those aren’t reason enough to make a well-informed decision, keep in mind that changing costing methods mid-stream is going to cause complications because it impacts… Continue reading Why Standard Costing Is The Choice For Manufacturers
Category: Manufacturing
Simplifying Purchasing and Procurement in Microsoft Dynamics NAV or Business Central
On the surface, purchasing and procurement seem fairly simple: you find the vendor with the best price, terms, and delivery schedule, place an order, and receive it. However, there is the planning side to purchasing, and that’s where it gets complicated. In this blog post, we discuss ways you can simplify the process around purchasing… Continue reading Simplifying Purchasing and Procurement in Microsoft Dynamics NAV or Business Central
10 Things to Consider When Migrating from Microsoft Dynamics GP to Business Central
If you’re using Microsoft Dynamics GP (Great Plains), you’re very aware of the product roadmap and software lifecycle policy. Like many GP users, you’ve probably been very happy with the product because it has been a workhorse for more than 30 years. Microsoft has committed to supporting GP with bug fixes, security enhancements, and some… Continue reading 10 Things to Consider When Migrating from Microsoft Dynamics GP to Business Central
Manufacturing Trends for 2021
2020 is coming to a close…thankfully. While this is a relief, it is more important than ever to be prepared for 2021. There have been unprecedented changes in how people behave and buy, how businesses operate and interact with their customers—and manufacturing is no exception. To say the least, we learned a lot about what… Continue reading Manufacturing Trends for 2021
System-Based MRP Guidance for Better Inventory Management
Manufacturers are challenged with ensuring inventory and raw materials are where they’re supposed to be, at the right on-hand levels. Is what you need where it’s supposed to be? This is not something to guess at; you need solid data and visibility into the flow of materials and inventory up and down the supply chain.The… Continue reading System-Based MRP Guidance for Better Inventory Management
Effective Change Management is the Key to a Successful ERP Implementation
Ask anyone who has experienced the failure of an ERP implementation the primary reason for the failure, and they’re very likely to point to poor change management. Only 54% of change initiatives succeed, which is pretty dismal, especially when you think about the impact, which not only includes not achieving results but also wasting resources… Continue reading Effective Change Management is the Key to a Successful ERP Implementation
4 Reasons It’s Time to Onshore Manufacturing
4 Reasons for Onshoring For years, manufacturers have been offshoring—going overseas with at least some of their manufacturing to remain competitive. But that has changed. Due to economic advantages and concerns about quality and supply chain issues, many manufacturers are bringing operations back to the U.S. Is this a good idea for your company? And… Continue reading 4 Reasons It’s Time to Onshore Manufacturing
The new normal requires the role of the CFO to change along with it
In the age of the coronavirus pandemic, we are hearing the term, “new normal” at every turn when it comes to how we operate personally and in business. It goes without saying that the pandemic has spurred the latest “new normal” – and a significant one at that. However, while these are certainly strange times,… Continue reading The new normal requires the role of the CFO to change along with it
CPQ software benefits to manufacturers
What is CPQ? If you are a manufacturer of complex and/or configurable products, you are likely already using, or looking for, a CPQ system. Configure, Price, Quote software helps companies accurately define the price of goods when variables are numerous and dependencies create complexities in pricing and assemblies available to the end customer. Benefits of… Continue reading CPQ software benefits to manufacturers
Resolving the Top Three Inventory Management Challenges
Running a warehouse, and effectively managing inventory, is a lot like juggling. There are so many factors to consider and needs to balance to ensure the entire process runs smoothly: one wrong move and the entire thing can come crashing down. Being such a juggling act, the balance of warehouse inventory management is fraught with… Continue reading Resolving the Top Three Inventory Management Challenges