Aerospace and defense customers need ERP with industry-specific functional attributes to help them comply with mandatory regulations. For that reason, ERP for the aerospace industry includes the standard functionality provided in general manufacturing systems, plus additional tools. In this article, I focus on one of the most important functional areas for those who are evaluating or seeking to improve their aerospace ERP software.
Before I get into the best costing methodology for a work-order-driven manufacturing company, let me define both methods. With standard cost versus actual cost, the discussion centers around how the ERP system values an inventory or labor transaction. Here is how the different costing methods calculate the value of the transactions.
There are many opinions as to what key performance indicators (KPIs) should be monitored at a small to medium-sized manufacturing company, but the on-time delivery (OTD) KPI is on everyone’s list. It doesn’t matter if the company is build-to-stock, a job shop, or something in-between; there are many steps in coordinating the production of a product and OTD is a nice summation of manufacturing performance.
Creating an ERP implementation timeline can be a difficult process. There is no standard template that will magically fit all projects, as every one is unique. No two businesses, even in the exact same industrial segment, are alike. Each has a different scope, team, and availability. However, what’s typically the same for just about all small to medium-sized ERP implementations are the core phases and tasks to get from purchasing your new solution, to going live with it, and beyond. This blog will discuss Visual South’s methodology for an ERP implementation project plan.
SAP is arguably the most recognized name in Enterprise Resource Planning (ERP) software, and it is ranked number one in ERP revenue. Its ERP product is designed to serve the Tier 1 market. The best way to define the Tier 1 market is to think in terms of a Fortune 1000 company. The revenue of a company that makes this list is defined in billions, not millions. In 2020, the company that ranked last on the list was Liberty Oilfield Services, with revenue of $1.99 billion.
Infor is arguably the least recognized name in ERP software. At one point its marketing campaign used the tagline, “The largest ERP company you never heard of.” Large it is—its annual revenue is $3 billion making it the third largest ERP company in the world. It serves customers in the Tier 1, 2, and 3 markets.
We’ve written many articles about the benefits of ERP, but also wanted to poll the industry to hear what others had to say. Below is a compilation of the answers we received to our survey question, “What is the best benefit you or your company has experienced from using an ERP system?”
An ERP implementation is not something that manufacturing companies do all the time, which is why they typically need another company to help guide them through the process. There are a lot of moving parts in an implementation, not to mention a ton of work, plenty of risk, and a million decisions to be made!
Infor CloudSuite Industrial (CSI) /Syteline ERP is already integrated with many of the common systems used across most enterprises. So, there is minimal effort (if any) to make CloudSuite Industrial work with your existing complimentary business systems and tools. CloudSuite Industrial/Syteline benefits from having thousands of customers and decades of development; the application is built to be deeply integrated with many popular programs.
The upside of buying enterprise resource planning (ERP) software is the economy of scale. Since it is written for the masses and not customized for one company, the cost per user plummets. For example, Microsoft Office certainly costs more to develop than the few hundred dollars it costs to license. One of the other upsides is that thousands of users create a robust community that quickly flushes out weaknesses in functionality, helping the software become stronger.
