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ERP for Medical Device Manufacturers Part 2

SYSPRO Smarter ERP

These will require a re-think of how to manage products, streamline the business and interact with customers. To achieve their transformation goals, they should consider an enterprise resource planning (ERP) system geared towards their industry’s key needs. Integration of design and manufacturing. Traceability.

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The importance of building a business case for ERP

SYSPRO Smarter ERP

Implementing an Enterprise Resource Planning (ERP) system is a great place to start digitization of your manufacturing or distribution business to centralize all your data and streamline your operations for greater efficiency. Understanding why you need a business case can help you prioritize and justify the costs of an ERP system.

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Managing cost, quality and traceability in fabricated metals manufacturing

SYSPRO Smarter ERP

Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. Understanding material costing requires information about procurement activities and how long materials linger in inventory before they are used to generate revenue. This can be used in costing analysis and equipment profitability.

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How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

An enterprise resource planning (ERP) system can automate and provide a systematic approach to creating a forecast from historical data. Other related tools such as Pareto analysis identify which products are most profitable and hence those you should focus your attention on. Managing Inventory. Stay Agile, Get Ahead.

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Data-driven decision making in manufacturing

SYSPRO Smarter ERP

This helps to focus on the reasons the data is needed, how it will be used, and what value the data is expected to provide. You don’t want data that could create analysis paralysis. How to apply metrics One challenge is deciding what metrics to use. There needs to be an understanding of how granular the metrics should be.

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How business intelligence can boost customer centricity

SYSPRO Smarter ERP

Ultimately what should matter most for business is not the volume of data but, rather, knowing how to use it. Many manufacturing companies still rely on Excel for all sorts of tasks including scheduling, inventory management and data analysis. Data enabled visibility through ERP.

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8 Inventory Management KPIs for Effective Inventory Analysis

EazyStock

Inventory Management KPIs for Effective Inventory Analysis. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. How to Choose Inventory Management KPIs. Managing inventory is a complex business. Backorder rate.