Internet of Things (IoT) as an industry is projected to grow from 5 billion devices installed in 2015 to 24 billion in 2020. By the end of 2017, 76% of manufacturers will be involved in the industry growth and foresee launching industrial IoT applications and use of smart devices. IoT can be a huge game… Continue reading What IoT Means for Manufacturers
Category: Industry
Manufacturing Process Software
Negative Consumption to Account for By-Product Production It is quite common in Process Manufacturing for a By-Product to be produced at the same time the primary product is produced. A good way to handle that in Dynamics NAV is to set up an item for the By-Product and give it a costing method of Standard.… Continue reading Manufacturing Process Software
Understanding the Order Reordering Policy in Microsoft Dynamics NAV
We are given the following choices for Item Reordering Policy in Dynamics NAV. The choice affects how the Planning Worksheet (MRP) plans for replenishment of the item. Blank Fixed Order Quantity Maximum Quantity Order Lot-for-Lot Figure 1 – List of choices defining how the Planning Worksheet (MRP) plans for replenishment of an item If we… Continue reading Understanding the Order Reordering Policy in Microsoft Dynamics NAV
Microsoft Dynamics NAV Manufacturing Balance Sheets
We frequently encounter clients with an unexpected Manufacturing WIP Balance. In some cases, the WIP balance is below zero. In the screen shot below, we can see that the WIP account has a negative balance, which in the real world we know cannot be true. Figure 1 – WIP account shows a negative balance, reflecting… Continue reading Microsoft Dynamics NAV Manufacturing Balance Sheets
Digital Transformation: How to Up Your eCommerce Game
More traffic, conversions, leads, and higher customer satisfaction Who doesn’t want to deliver a better customer experience? You can, and it starts with the digital experience. But, how do you transform your digital presence to ensure consistent, relevant information is flowing to the right people? Our friends at Dynamicweb have shared the what, why, and… Continue reading Digital Transformation: How to Up Your eCommerce Game
eCommerce – It’s Not Just for Retailers Anymore
Distributors and manufacturers are planning to make the move to eCommerce if they haven’t already. With over half of B2B buyers being millennials, if you are not in the eCommerce game, you may be too late. Now is the time to consider an eCommerce site for your customers. Here’s why: Consumers are accustomed to purchasing… Continue reading eCommerce – It’s Not Just for Retailers Anymore
The Cost of Legacy Systems or “If it Ain’t Broke, Don’t Fix It”
As the technologically based world of today becomes increasingly more invested in IT, manufacturers’ costs in this area continue to rise. One of the largest segments of this investment is the cost of maintaining legacy systems. For those manufacturers who have not yet made the transition to a state-of-the-art ERP system, you may be burning… Continue reading The Cost of Legacy Systems or “If it Ain’t Broke, Don’t Fix It”
Data Automation: Lean Manufacturing Software
What does it take to make your manufacturing team a lean, mean, optimized machine? It starts at the top and makes its way all the way to the shop floor and vice versa. It’s easy to place the blame anywhere in between, though. If only orders were filled more efficiently, if only the shop floor… Continue reading Data Automation: Lean Manufacturing Software
Saving Dollars through Data Automation in Manufacturing and Distribution
When trying to reduce costs, manufacturers and distributors often find that there is no one-size-fits-all solution. In order to successfully reduce costs, you must create a strategy based on several economic and infrastructural factors, including the industry, location, and business model of the company. Even when the economy is in full bloom, some industries struggle… Continue reading Saving Dollars through Data Automation in Manufacturing and Distribution
Batch, Live or Hybrid: How Do You Integrate eCommerce with Your ERP?
If your company does business online, then it follows that you have an eCommerce system in place. But does it fully integrate with your ERP? If not, you might be missing out on some powerful advantages. You might be hesitant to look into integration, but it doesn’t have to be difficult. In fact, integration can… Continue reading Batch, Live or Hybrid: How Do You Integrate eCommerce with Your ERP?