Manufacturers need to manage both supply and demand. They require software that manages the manufacturing process, maintain revisions, and track the financials. They require integrated manufacturing, inventory management, and accounting to help businesses ensure raw materials are available for production. Generating accurate pricing and calculating total manufacturing costs are critical to maintaining healthy margins.
At EIS, we have extensive experience in creating customized manufacturing processes, including multi-level bill of materials, production management, material requirements planning (MRP), product configurators, estimating, scheduling, advanced planning, direct and indirect labor costs, labor shifts, cost roll-ups, machines, overhead, tooling, work centers, routing, forecasting, exception management, master production schedules, critical materials, lot/serial number hierarchies, and WIP accounting.
For Manufacturing companies, EIS recommends:
Why Acumatica for Manufacturing?
Make better decisions with greater visibility and collaboration.
Manufacturers are continually challenged to bring complex and customized products to market, adopt new manufacturing methods and technologies, balance supply with increasingly volatile demand, manage resources and inventories to control costs, and master production planning and control.
Agile manufacturers that can adapt to constantly changing conditions have the competitive advantage. Among the changes currently facing producers are the emergence of the Industrial Internet of Things (IIoT) and Big Data analytics; the proliferation of mobile devices and new “apps” that put more power into the hands of employees anytime, anywhere; collaboration internally and with the supply chain; ERP in the cloud; and more emphasis on end-to-end supply chain processes and systems.
Manage Product Complexity
To thrive and grow, a manufacturer must be responsive to ever-increasing customer demand for product variety and sophistication.
Global consulting firm Accenture confirms that complexity is here to stay in a report* that warns: “Problems can occur, however, when companies lose control of product complexity, which in today’s fast-moving, global, competitive environment has become an all-too-common occurrence.” For manufacturers, control means having accurate information and making good decisions. Manufacture stock, custom, or batch products most likely have a proliferation of similar yet distinct products and need more control of the product lifecycle management.
Control Total Manufacturing Costs
Balance supply and demand to reduce costs.
Cost management, a major concern for all manufacturers, is largely dependent on defining, collecting, and managing data throughout the manufacturing process. Intimately connected to operational activities, the accumulation of cost data must be built into engineering, production and purchasing systems in order to include the detailed data needed while not placing an undue burden on personnel and processes. Cost management is a byproduct of good operational system design and use.
Therefore, the Acumatica Advanced Manufacturing Edition is designed to incorporate costing functionality deeply embedded in all the operational subsystems including Bill of Material and Routing, Inventory Management, Production Management, Purchase Order Management, Estimating, and Sales Order Management supported by real-time data integration with financial applications – Accounts Payable, Accounts Receivable, General Ledger, as well as Business Intelligence and Reporting and Dashboards.
Turn Customer Demand into Actionable Production Schedules
Manufacturing planning helps manufacturers forecast sales, schedule required resources, and calculate capacity requirements.
Planning is an essential part of every manufacturer’s life and the key to effective inventory and resource management. Even engineer-to-order and lean make-to-order manufacturers must plan for materials and resources (equipment, capacity, people/skills) to be available to satisfy customer requirements. Manufacturing planning is a coordinated process involving demand management, forecasting, master scheduling, material planning (MRP), and capacity planning, fully integrated with operational management applications including production control, inventory management, and procurement.
Planning is all about turning customer demand, a combination of real orders and forecasted demand, into production schedules and planned purchases mapped out in time to assure that the materials, parts and products are available when needed but only in the quantity needed and at the time needed to keep the plant operating efficiently with minimal excess inventory.