From derailed supply chains resulting in production declines and shortages to drops in employment, the manufacturing industry suffered during 2020. However, creating a future-proof (or resilient, agile, flexible) and streamlined manufacturing business in uncertain times is not a pipe dream. Many manufacturers have already begun the process by implementing manufacturing ERP software.
Manufacturers and manufacturing software consultants from around the nation are excited because it is Manufacturing Day today and we will be celebrating all month!
When: Friday, October 2, 2020 is Manufacturing Day, however there are events throughout October. Since inception in 2012, Manufacturing Day participation has grown 1000%.
Where: Nationwide with local and virtual events. Click here to register for an event.
Who: Manufacturing Day was created by the non-profit Manufacturing Institute (MI), an extension of the National Association of Manufacturers (NAM). Manufacturing Day allows manufacturers to showcase their operation to the community. They can invite local schools, companies, their educators, legislators etc. to witness the value manufacturing offers the community.
Despite all the best efforts, manufacturers still struggle with understanding the real cost of producing finished goods. It's a common frustration for manufacturers that invested in manufacturing ERP software in the past.
Watch this recording to learn how to overcome common manufacturing challenges. Clients First Business Solutions Managing Director, Catherine Dean demonstrates how Microsoft Dynamics 365 for Finance and Supply Chain Management) helps trace production costs to the General Ledger.
Are you using spreadsheets for manufacturing demand planning because you find them easier to use than your ERP system? The goal of every manufacturer is to get more supply and demand control by optimizing inventory levels. To accomplish this goal, most successful manufacturers agree that ERP technology is essential. What is ERP technology? Enterprise Resource Planning (ERP) refers to a total business management solution that integrates data for all operations and processes allowing for automation, mobile access and more. Today most small to mid-sized manufacturers rely on ERP solutions and sometimes MRP to optimize inventory levels. Explore more about MRP automation best practices in further detail below:
As a manufacturing business, you know that forecasting your inventory stock levels is a challenge. It’s a constantly moving target. In the past, you may have spent hours with Excel spreadsheets or rely on your judgment or hunch for inventory management. In the best-case scenario, you’re armed with historical, real-time and future projection data to give you detailed information for improved forecasting accuracy. How can you leverage a modern ERP solution to produce enough to satisfy customer demand while avoiding overstock costs? Let’s explore these 4 forecasting methods to help begin the discovery of what’s best for your operation.
You may have heard about the “Tax Cuts and Jobs Act of 2017.” It offered tax incentives for investments for new business equipment and software. Section 179 of this Act helped small businesses quickly recover the costs of certain capital expenses by writing off the cost of these expenses in the year of acquisition. Before this bill, business acquisitions were depreciated over several years. Our Clients First team works to help make manufacturing businesses grow by investing in technology to reduce costs and increase profits. Manufacturers don't need to delay making important investments because of today's economic uncertainty.
