The document discusses the challenges facing process manufacturers and what they should look for in an ERP system. It summarizes key challenges as ageing infrastructure, high costs, increased customer demands for faster development times, and new environmental/safety standards. It recommends looking for an ERP system with strong process manufacturing functionality like formula/recipe management, quality control, lot tracking, production scheduling, and regulatory compliance. Case studies from various companies demonstrate how an ERP system from Sage helped them address challenges and support growth.
Improving Risk Evaluation and Mitigation StrategyCognizant
For life sciences companies, improving risk evaluation and mitigation strategy (REMS) is critical to adhere to FDAAA and other regulatory hurdles; here's our Microsoft SharePoint-based approach for improving document management and sharing and upgrading REMS.
Old Dog New Tricks - How Gartners Pattern Based Strategy Impacts Oracle E-Bus...eprentise
As the economy moved into a recession, last year’s Black Friday was particularly dismal for many retailers who, in anticipation of the usual holiday rush and ignoring any leading economic indicators, had stocked up on inventories. Last year’s lesson was remembered this year, and Black Friday profits – although weak – at least weren’t dragged down by the costs of excessive year-end inventories.
View the original Blog post: http://www.eprentise.com/blog/trends-and-technology/old-dog-new-tricks-how-gartners-pattern-based-strategy-impacts-oracle-e-business-suite-customers/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
This article discusses how businesses can improve their Sales & Operations Planning (S&OP) process by incorporating scenario planning using probabilistic planning, predictive analytics, and simulation to better address uncertainty, complexity, and risk. Currently, S&OP processes do not adequately account for these factors and can hide critical details. The article recommends using predictive analytics on demand data and scenario planning with quantitative methods to generate alternative plans and assess risks. This will help businesses better balance supply and demand when facing uncertainties.
Business Intelligence (BI) in Pharmaceuticals - An aid in informed decision making
Currently, the demand for BI solutions is largely driven by MNCs & large enterprises. BI solutions seem to have gained more acceptance and significance in pharma industry where time plays a pivotal role in the future of the company. The article from Modern Pharmaceuticals, reviews the importance of BI solutions to the
Indian pharma industry.
- Sanjay Mehta, CEO, MAIA Intelligence Pvt. Ltd.
CIOReview_Manufacturing Special Edition_TCS ArticleAmit Bhowmik
(1) The chemical and process manufacturing industry is undergoing rapid transformation driven by new technologies and changing customer demands. (2) Leaders are using mobile solutions to improve plant productivity and safety as well as influence demand and deliver new product models. (3) For example, digitizing startup and shutdown procedures through a mobile guided solution reduced lost productivity equivalent to days of additional plant capacity.
This document discusses opportunities and challenges for integrated contract research and manufacturing services (CRAMS) companies in India. As drugs worth $85 billion go off patent by 2020, it represents an opportunity for Indian generic drug companies and CRAMS industry. CRAMS companies can partner with innovator companies in drug development from conceptualization to commercialization. However, low drug success rates and stringent regulatory requirements pose challenges. The document analyzes strengths like qualified scientists, weaknesses like quality issues, opportunities like market growth, and threats like increasing regulatory standards facing integrated CRAMS companies in India.
An ERP system is an enterprise-wide software solution that integrates and automates key business functions and processes across an organization. It connects different departments like finance, operations, sales and HR on a single computer system. Implementing an ERP system requires careful planning, selecting the right system, effective change management and ensuring user adoption. Failure to follow best practices can lead to implementation challenges and project failure.
This document discusses business intelligence (BI) solutions for manufacturing industries and the challenges they face. It describes how Starcom's BI tool, StarBI, can help automate manufacturing processes by providing quick key performance indicator (KPI) views, report automation, graphical data presentations, and alerts. StarBI connects to multiple data sources and allows users to discover trends, track KPIs, and visualize data through drag-and-drop tools. It also provides sample dashboards focusing on metrics like production capacity, inventory levels, and order management.
Improving Risk Evaluation and Mitigation StrategyCognizant
For life sciences companies, improving risk evaluation and mitigation strategy (REMS) is critical to adhere to FDAAA and other regulatory hurdles; here's our Microsoft SharePoint-based approach for improving document management and sharing and upgrading REMS.
Old Dog New Tricks - How Gartners Pattern Based Strategy Impacts Oracle E-Bus...eprentise
As the economy moved into a recession, last year’s Black Friday was particularly dismal for many retailers who, in anticipation of the usual holiday rush and ignoring any leading economic indicators, had stocked up on inventories. Last year’s lesson was remembered this year, and Black Friday profits – although weak – at least weren’t dragged down by the costs of excessive year-end inventories.
View the original Blog post: http://www.eprentise.com/blog/trends-and-technology/old-dog-new-tricks-how-gartners-pattern-based-strategy-impacts-oracle-e-business-suite-customers/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
This article discusses how businesses can improve their Sales & Operations Planning (S&OP) process by incorporating scenario planning using probabilistic planning, predictive analytics, and simulation to better address uncertainty, complexity, and risk. Currently, S&OP processes do not adequately account for these factors and can hide critical details. The article recommends using predictive analytics on demand data and scenario planning with quantitative methods to generate alternative plans and assess risks. This will help businesses better balance supply and demand when facing uncertainties.
Business Intelligence (BI) in Pharmaceuticals - An aid in informed decision making
Currently, the demand for BI solutions is largely driven by MNCs & large enterprises. BI solutions seem to have gained more acceptance and significance in pharma industry where time plays a pivotal role in the future of the company. The article from Modern Pharmaceuticals, reviews the importance of BI solutions to the
Indian pharma industry.
- Sanjay Mehta, CEO, MAIA Intelligence Pvt. Ltd.
CIOReview_Manufacturing Special Edition_TCS ArticleAmit Bhowmik
(1) The chemical and process manufacturing industry is undergoing rapid transformation driven by new technologies and changing customer demands. (2) Leaders are using mobile solutions to improve plant productivity and safety as well as influence demand and deliver new product models. (3) For example, digitizing startup and shutdown procedures through a mobile guided solution reduced lost productivity equivalent to days of additional plant capacity.
This document discusses opportunities and challenges for integrated contract research and manufacturing services (CRAMS) companies in India. As drugs worth $85 billion go off patent by 2020, it represents an opportunity for Indian generic drug companies and CRAMS industry. CRAMS companies can partner with innovator companies in drug development from conceptualization to commercialization. However, low drug success rates and stringent regulatory requirements pose challenges. The document analyzes strengths like qualified scientists, weaknesses like quality issues, opportunities like market growth, and threats like increasing regulatory standards facing integrated CRAMS companies in India.
An ERP system is an enterprise-wide software solution that integrates and automates key business functions and processes across an organization. It connects different departments like finance, operations, sales and HR on a single computer system. Implementing an ERP system requires careful planning, selecting the right system, effective change management and ensuring user adoption. Failure to follow best practices can lead to implementation challenges and project failure.
This document discusses business intelligence (BI) solutions for manufacturing industries and the challenges they face. It describes how Starcom's BI tool, StarBI, can help automate manufacturing processes by providing quick key performance indicator (KPI) views, report automation, graphical data presentations, and alerts. StarBI connects to multiple data sources and allows users to discover trends, track KPIs, and visualize data through drag-and-drop tools. It also provides sample dashboards focusing on metrics like production capacity, inventory levels, and order management.
This issue of the Technology Forecast explores the future of enterprise applications and their role in creating a foundation for agility in an era of accelerating change.
A STUDY ON THE EFFECTIVENESS OF ERP SYSTEM DAVIS THOMAS
An ERP system provides an integrated real-time view of a company's core business processes, allowing for improved visibility, workflow, and reporting across departments. It tracks resources, commitments, and transactions throughout the organization. While ERP implementation is complex and costly, it can streamline operations and provide benefits like centralized data storage, enhanced collaboration, and improved order tracking if implemented successfully. However, customization challenges, high costs, user training needs, and vendor lock-in are disadvantages to consider.
Data quality is important for business success. This document outlines a 6-step approach to measuring data quality ROI: 1) Inventory systems relying on data, 2) Determine data quality rules, 3) Profile data to measure rule compliance, 4) Score each rule and system, 5) Measure impact of improved data quality, 6) Implement improvements. The approach is demonstrated by analyzing a targeted marketing system and identifying areas of non-compliance to improve data quality and ROI.
The document discusses enterprise resource planning (ERP) systems and supply chain management. It defines ERP as a cross-functional system that integrates various business processes, including manufacturing, distribution, sales, accounting, and human resources. The document also discusses how supply chain management aims to create an efficient network of business relationships to move products from concept to market. Common challenges with implementing ERP systems include underestimating complexity, insufficient training, and difficulty integrating with other systems.
K. Sailaja has over 8 years of experience in regulatory affairs. She holds an M.Pharmacy degree and has worked for several pharmaceutical companies in regulatory roles, including Manager of Regulatory Affairs at Micro-Therapeutic Research Labs and Associate Manager of Regulatory Affairs at Novartis Animal Health. Her responsibilities have included filing applications, ensuring compliance, coordinating with other departments, and preparing and reviewing documents. She is proficient in MS Office, has attended training programs in communication and presentation skills, and aims to work in a challenging position that allows her to utilize her skills and experience.
The document is the 2016-17 Turkey Software Quality Report published by the Turkish Testing Board. It provides an executive summary and analysis of survey results on topics related to test data management in the Turkish software industry. Some of the key findings from the surveys include:
- Over 70% of organizations report that software testers are responsible for test data generation.
- Over half of organizations spend between 11-50% of their testing efforts on test data management activities.
- The top challenges in creating test data are having up-to-date and consistent data that resembles real production data.
- Most organizations manually generate test data or use subsets of production data for testing. Very few use full database virtualization.
-
Terumo BCT Selects Windchill Quality Management to Enhance Global Quality Pro...PTC
NEEDHAM, Mass. – October 10, 2017 –– PTC (NASDAQ: PTC) today announced that Terumo BCT has selected the Windchill® Quality Management solution to support the company’s continuous improvement initiatives for quality systems and processes around the world.
Terumo BCT, a medical technology company, holds a global leadership position in blood component, therapeutic apheresis, and cellular technologies. The company is dedicated to improving the efficiency of blood and cellular therapies, along with clinical and patient outcomes.
Gartner Virtual Briefing for Life Science Orgs: Invite Only Clark-Kyle Driz
As the intense disruption and turmoil that emerged in 2020 plays out in 2021, life science organizations are further expanding new digital capabilities that enable business agility and flexibility. Despite this, many life science organizations still struggle with finding clarity on how to best deploy digital technology across the value chain, the scope and scale of technologies required, and the opportunities to support business transformation over the long term.
This invitation-only, complimentary virtual briefing explores the major steps you must take to build your clinical and commercial IT strategy, deploy next-generation digital technologies to optimize clinical trials, and accelerate new drug launches. This includes building out capabilities in a more scalable fashion with a focus on data architectures, adaptability, and ecosystems. You also will learn how Gartner Digital Execution Scorecard helps you ensure you remain on the path of an impactful digital strategy.
Selecting a Software Solution: 13 Best Practices for Media and Entertainment ...Cognizant
When selecting commercial off-the-shelf software (COTS), companies in the increasingly digitally-based media and entertainment industry need to develop a detailed advance plan, obtain support from all stakeholders and continuously monitor vendor performance against critical expectations, best practices and business requirements.
Technical Data Management from the Perspective of Identification and Traceabi...ijtsrd
In a Manufacturing Industry, be it of any scale, the entity of utmost importance is the technical data. As the quantum of the generation of such necessary data is large, it paves the way to the need of establishing a data management tool such that would aid ease of access and clarity of thought. Such a tool may be in the form of software or in the form of a set personal routine or procedure that is sincerely adhered to. Technical data literally forms the backbone of the Industrys progress. Just like the nervous system is highly dependent on the well being of the backbone, almost all the departments in an Industry are highly reliant on the Technical Data Pool available. This paper highlights the importance of Technical data management from the key perspective of identification wherein a document can be easily identified and traceability wherein the document can be quickly traced for the origin as well as the locations where it is currently used. Certain recommendations shall be appended for a reference towards improved functioning of various departments in the Manufacturing Industry. A conclusion shall thereafter be drawn highlighting the utility and importance of Technical Data Management. Gourav Vivek Kulkarni "Technical Data Management from the Perspective of Identification and Traceability in the Manufacturing Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd26389.pdfPaper URL: https://www.ijtsrd.com/engineering/mechanical-engineering/26389/technical-data-management-from-the-perspective-of-identification-and-traceability-in-the-manufacturing-industry/gourav-vivek-kulkarni
In the course of our research for IBM’s inaugural Global Chief Supply Chain
Officer Study, we conducted face-to-face interviews with nearly 400 senior
supply chain executives from 25 countries and 29 different industries.1
Here, we focus on the responses of the 23 supply chain executives from
the Life Sciences industry (see sidebar, Survey sample).
This document discusses why emerging companies are increasingly deploying top tier ERP systems sooner than later. It notes that the realities of doing business in today's global, fast-paced marketplace require integrated solutions with broad capabilities. While top tier ERP was once seen as too complex for smaller companies, the document explains how tools, rapid implementation methodologies, and flexible deployment options have made them affordable and manageable for emerging companies. It provides examples of how some emerging companies have implemented top tier ERP successfully.
Two-Tier ERP: Enabling the Future-Ready Global Enterprise with Better Innovat...Cognizant
Organizations that embrace two-tier ERP strategies are better positioned
to both navigate volatile global business conditions and acquire or divest operations that generate operational efficiency and growth.
Organizations can transform their product disclosure processes through seven innovative approaches:
1. Roll automation can increase efficiency and reduce time-to-market by automating tasks and allowing parallel work.
2. Common content management can reduce verification time by centrally managing repeated content.
3. Master shells can improve time-to-market for entire portfolios by authoring content once for conditional use.
4. White labelling can produce branded variants without duplicating verification.
5. Verification certification provides transparency and auditability of the disclosure process.
6. One-click publishing can generate documents from a single verified content source.
7. Data integration can leverage business data to populate disclosure documents.
Case study 3 piloting procter & gamble from decision cockpits- is & ec - gs...HjZulkiffleeHjSofee
Procter & Gamble implemented several decision-making tools to improve business analytics and decision making. Business Sufficiency provided executives with 6-12 month predictions on key metrics. Business Sphere gave executives a command center to visualize data and answer specific questions in real-time. Decision Cockpits provided all employees with real-time business data dashboards. These tools helped P&G anticipate events, respond faster to changes, and focus on business decisions using accurate and up-to-date data. The tools supported P&G's strategy of pursuing new IT to maintain a competitive advantage through faster and better-informed decision making.
Case study 3 piloting procter & gamble from decision cockpits- is & ec - gs...HjZulkiffleeHjSofee
Procter & Gamble implemented several decision-making tools to improve business analytics and decision making. Business Sufficiency provided executives with 6-12 month predictions on key metrics. Business Sphere allowed executives to visualize and explore data to answer specific questions. Decision Cockpits gave more employees access to real-time data and alerts through customizable dashboards. These systems helped P&G align analytics with its strategy of pursuing new technologies to maintain a competitive advantage through faster, better-informed decisions across 180 countries.
The document is a report from Opkey summarizing the state of ERP testing in 2024 based on a survey of over 500 IT professionals. Three key findings are:
1) Speed of implementation is a top priority for ERP testing platforms as organizations want faster ROI from new tools.
2) Demand is growing for industry-specific ERP and testing solutions tailored to specialized requirements.
3) Managing the complexity of hybrid cloud/SaaS environments, known as "SaaS mess", remains a challenge, and end-to-end testing is seen as an effective solution.
This issue of the Technology Forecast explores the future of enterprise applications and their role in creating a foundation for agility in an era of accelerating change.
A STUDY ON THE EFFECTIVENESS OF ERP SYSTEM DAVIS THOMAS
An ERP system provides an integrated real-time view of a company's core business processes, allowing for improved visibility, workflow, and reporting across departments. It tracks resources, commitments, and transactions throughout the organization. While ERP implementation is complex and costly, it can streamline operations and provide benefits like centralized data storage, enhanced collaboration, and improved order tracking if implemented successfully. However, customization challenges, high costs, user training needs, and vendor lock-in are disadvantages to consider.
Data quality is important for business success. This document outlines a 6-step approach to measuring data quality ROI: 1) Inventory systems relying on data, 2) Determine data quality rules, 3) Profile data to measure rule compliance, 4) Score each rule and system, 5) Measure impact of improved data quality, 6) Implement improvements. The approach is demonstrated by analyzing a targeted marketing system and identifying areas of non-compliance to improve data quality and ROI.
The document discusses enterprise resource planning (ERP) systems and supply chain management. It defines ERP as a cross-functional system that integrates various business processes, including manufacturing, distribution, sales, accounting, and human resources. The document also discusses how supply chain management aims to create an efficient network of business relationships to move products from concept to market. Common challenges with implementing ERP systems include underestimating complexity, insufficient training, and difficulty integrating with other systems.
K. Sailaja has over 8 years of experience in regulatory affairs. She holds an M.Pharmacy degree and has worked for several pharmaceutical companies in regulatory roles, including Manager of Regulatory Affairs at Micro-Therapeutic Research Labs and Associate Manager of Regulatory Affairs at Novartis Animal Health. Her responsibilities have included filing applications, ensuring compliance, coordinating with other departments, and preparing and reviewing documents. She is proficient in MS Office, has attended training programs in communication and presentation skills, and aims to work in a challenging position that allows her to utilize her skills and experience.
The document is the 2016-17 Turkey Software Quality Report published by the Turkish Testing Board. It provides an executive summary and analysis of survey results on topics related to test data management in the Turkish software industry. Some of the key findings from the surveys include:
- Over 70% of organizations report that software testers are responsible for test data generation.
- Over half of organizations spend between 11-50% of their testing efforts on test data management activities.
- The top challenges in creating test data are having up-to-date and consistent data that resembles real production data.
- Most organizations manually generate test data or use subsets of production data for testing. Very few use full database virtualization.
-
Terumo BCT Selects Windchill Quality Management to Enhance Global Quality Pro...PTC
NEEDHAM, Mass. – October 10, 2017 –– PTC (NASDAQ: PTC) today announced that Terumo BCT has selected the Windchill® Quality Management solution to support the company’s continuous improvement initiatives for quality systems and processes around the world.
Terumo BCT, a medical technology company, holds a global leadership position in blood component, therapeutic apheresis, and cellular technologies. The company is dedicated to improving the efficiency of blood and cellular therapies, along with clinical and patient outcomes.
Gartner Virtual Briefing for Life Science Orgs: Invite Only Clark-Kyle Driz
As the intense disruption and turmoil that emerged in 2020 plays out in 2021, life science organizations are further expanding new digital capabilities that enable business agility and flexibility. Despite this, many life science organizations still struggle with finding clarity on how to best deploy digital technology across the value chain, the scope and scale of technologies required, and the opportunities to support business transformation over the long term.
This invitation-only, complimentary virtual briefing explores the major steps you must take to build your clinical and commercial IT strategy, deploy next-generation digital technologies to optimize clinical trials, and accelerate new drug launches. This includes building out capabilities in a more scalable fashion with a focus on data architectures, adaptability, and ecosystems. You also will learn how Gartner Digital Execution Scorecard helps you ensure you remain on the path of an impactful digital strategy.
Selecting a Software Solution: 13 Best Practices for Media and Entertainment ...Cognizant
When selecting commercial off-the-shelf software (COTS), companies in the increasingly digitally-based media and entertainment industry need to develop a detailed advance plan, obtain support from all stakeholders and continuously monitor vendor performance against critical expectations, best practices and business requirements.
Technical Data Management from the Perspective of Identification and Traceabi...ijtsrd
In a Manufacturing Industry, be it of any scale, the entity of utmost importance is the technical data. As the quantum of the generation of such necessary data is large, it paves the way to the need of establishing a data management tool such that would aid ease of access and clarity of thought. Such a tool may be in the form of software or in the form of a set personal routine or procedure that is sincerely adhered to. Technical data literally forms the backbone of the Industrys progress. Just like the nervous system is highly dependent on the well being of the backbone, almost all the departments in an Industry are highly reliant on the Technical Data Pool available. This paper highlights the importance of Technical data management from the key perspective of identification wherein a document can be easily identified and traceability wherein the document can be quickly traced for the origin as well as the locations where it is currently used. Certain recommendations shall be appended for a reference towards improved functioning of various departments in the Manufacturing Industry. A conclusion shall thereafter be drawn highlighting the utility and importance of Technical Data Management. Gourav Vivek Kulkarni "Technical Data Management from the Perspective of Identification and Traceability in the Manufacturing Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd26389.pdfPaper URL: https://www.ijtsrd.com/engineering/mechanical-engineering/26389/technical-data-management-from-the-perspective-of-identification-and-traceability-in-the-manufacturing-industry/gourav-vivek-kulkarni
In the course of our research for IBM’s inaugural Global Chief Supply Chain
Officer Study, we conducted face-to-face interviews with nearly 400 senior
supply chain executives from 25 countries and 29 different industries.1
Here, we focus on the responses of the 23 supply chain executives from
the Life Sciences industry (see sidebar, Survey sample).
This document discusses why emerging companies are increasingly deploying top tier ERP systems sooner than later. It notes that the realities of doing business in today's global, fast-paced marketplace require integrated solutions with broad capabilities. While top tier ERP was once seen as too complex for smaller companies, the document explains how tools, rapid implementation methodologies, and flexible deployment options have made them affordable and manageable for emerging companies. It provides examples of how some emerging companies have implemented top tier ERP successfully.
Two-Tier ERP: Enabling the Future-Ready Global Enterprise with Better Innovat...Cognizant
Organizations that embrace two-tier ERP strategies are better positioned
to both navigate volatile global business conditions and acquire or divest operations that generate operational efficiency and growth.
Organizations can transform their product disclosure processes through seven innovative approaches:
1. Roll automation can increase efficiency and reduce time-to-market by automating tasks and allowing parallel work.
2. Common content management can reduce verification time by centrally managing repeated content.
3. Master shells can improve time-to-market for entire portfolios by authoring content once for conditional use.
4. White labelling can produce branded variants without duplicating verification.
5. Verification certification provides transparency and auditability of the disclosure process.
6. One-click publishing can generate documents from a single verified content source.
7. Data integration can leverage business data to populate disclosure documents.
Case study 3 piloting procter & gamble from decision cockpits- is & ec - gs...HjZulkiffleeHjSofee
Procter & Gamble implemented several decision-making tools to improve business analytics and decision making. Business Sufficiency provided executives with 6-12 month predictions on key metrics. Business Sphere gave executives a command center to visualize data and answer specific questions in real-time. Decision Cockpits provided all employees with real-time business data dashboards. These tools helped P&G anticipate events, respond faster to changes, and focus on business decisions using accurate and up-to-date data. The tools supported P&G's strategy of pursuing new IT to maintain a competitive advantage through faster and better-informed decision making.
Case study 3 piloting procter & gamble from decision cockpits- is & ec - gs...HjZulkiffleeHjSofee
Procter & Gamble implemented several decision-making tools to improve business analytics and decision making. Business Sufficiency provided executives with 6-12 month predictions on key metrics. Business Sphere allowed executives to visualize and explore data to answer specific questions. Decision Cockpits gave more employees access to real-time data and alerts through customizable dashboards. These systems helped P&G align analytics with its strategy of pursuing new technologies to maintain a competitive advantage through faster, better-informed decisions across 180 countries.
The document is a report from Opkey summarizing the state of ERP testing in 2024 based on a survey of over 500 IT professionals. Three key findings are:
1) Speed of implementation is a top priority for ERP testing platforms as organizations want faster ROI from new tools.
2) Demand is growing for industry-specific ERP and testing solutions tailored to specialized requirements.
3) Managing the complexity of hybrid cloud/SaaS environments, known as "SaaS mess", remains a challenge, and end-to-end testing is seen as an effective solution.
Business it and labor strategy infrastructure enhancements to achieve corpora...David Bustin
This is a research paper addressing the financial advantage of properly leveraging IT products and staffing strategies for reducing operating costs.
David Bustin
This document discusses ERP success and provides details about three case studies - TI InfoTech, BPCL, and ITTI - that were analyzed to identify critical success factors for ERP implementation. A survey of end users at the three organizations found that quality-related factors, such as technological newness, were the most important determinants of ERP success. The document also discusses the importance of ERP for organizations and some barriers that can prevent successful ERP implementations if not addressed properly.
The document discusses how in-memory computing and SAP HANA can help aerospace and defense companies manage big data and gain business insights. It provides examples of how HANA allows for real-time analysis of large data volumes to improve decision making in areas like program management, manufacturing, supply chain planning and aftermarket services. The document advocates for an on-site HANA Value Workshop to help companies assess HANA fit, identify potential use cases, and build a business case for how HANA can deliver value by enabling analysis of all relevant data sources.
The document discusses research conducted by UPS and IDC on operational transformation in the manufacturing industry. The research found that while most companies use Lean/Six Sigma approaches, the increasing demands of customers have tested the limits of these methods. To achieve higher levels of operational excellence, companies must leverage new technologies like IoT and analytics (smart operations) to gain greater insights from data in real-time. The research showed that companies aggressively pursuing smart operations investments were better positioned for success and had made more progress in areas like connected products/assets and supply chain decision-making. Those lagging risk falling further behind industry leaders in competitiveness.
1) An enterprise resource planning (ERP) system integrates core business functions like finance, operations, and HR to automate processes and share information across departments. ERP is now essential for businesses to operate efficiently and make data-driven decisions.
2) Implementing an ERP system comes with high risks of failure if not done properly. Key steps include designating project leaders, selecting an ERP package that fits the organization, and preparing employees for changes.
3) When successfully implemented, ERP provides benefits like improved data accuracy, reduced costs, and greater flexibility to adapt to changes. Related technologies like business intelligence can enhance ERP's benefits.
The document is an executive white paper about ERP systems for small and midsize manufacturers. It argues that despite economic uncertainty, now is the perfect time for manufacturers to invest in ERP systems to streamline operations, increase efficiency, and position themselves for future growth. It provides tips for selecting an ERP system, including choosing an industry-specific solution, and outlines a five-step process for a successful ERP implementation and realizing ROI, even in a down economy. The white paper cites examples of manufacturers who have benefited from ERP investments.
Accelerate Business Growth and Outcomes with AICognizant
An artificial intelligence company developed several AI solutions to help 10 organizations accelerate business growth and outcomes. The solutions included an AI-powered tool to help a professional services firm automate complex international due diligence searches. An AI platform optimized mining company worker accommodations and transportation. And an AI system analyzed clinical trial data to help fast-track cancer drug development for a pharmaceutical company. The document provides case studies on how each organization leveraged AI to improve processes, enhance customer experiences, and drive business results.
Top ERP Software in Bangladesh _ Pridesys IT Ltd.pdfPridesys IT Ltd.
Top 10 Best ERP Software in Bangladesh
In today’s digital age, businesses strive to streamline operations and increase efficiency. Enterprise Resource Planning (ERP)
software emerges as a transformative tool, combining critical business functions into a single system. However, the number of ERP
options on the market can be overwhelming. This blog post will demystify ERP software by discussing its definition, functionality,
types, the list of the best ERP software in Bangladesh, and key considerations for choosing the best solutions for your company.
Additionally, forecasts indicate a continuous uptrend in global revenue for ‘Enterprise Resource Planning Software’ from 2016 to
2028, with a projected increase of ten billion U.S. dollars (+19.11%). This growth trajectory is expected to culminate in 2028,
marking a new pinnacle at 62.36 billion U.S. dollars. Notably, revenue in this segment has exhibited consistent expansion in recent
years.
MphasiS provides various big data offerings including analytics on unstructured data like text, social media, images and logs. It also offers solutions to integrate structured and unstructured data for 360-degree insights. MphasiS has experience applying advanced analytics techniques like data mining and predictive modeling to solve problems in optimization, employee retention, and fraud prevention. It can help clients migrate to big data platforms like Hadoop, Hive, HBase, Vertica, and SAP HANA.
Take a quick look at the trends that will transform and rule Enterprise Resource Planning Software all through 2023 and may be beyond.
Table of content:
- What is ERP?
- How & Why is it evolving?
- ERP Trends for 2023
- ERP Stats and Growth
- Projections in 2023
- Conclusion
Read the presentation to get deeper insights.
Few decades ago, Managers relied on their instincts to take business decisions. They could afford to make mistakes and learn from it. Today, the scope for learning from mistakes is very minimal. Instincts should be backed by data to minimise mistakes.
Technological advancements, in addition to opening new channels of communication with customers, have also enabled organizations to collect vital information about their businesses with customers. But, have these organizations fully leveraged this data?
Today, Organizations make use of data for business decisions, but the data is not close enough to the customer to reap maximum benefit. In many cases, importance is not given to the granularity of data. The probability of “customer centric” decisions being right could be high, if the top management makes better use of the end user customer data (such as point of sale data, voice of customer, social media buzz etc.) to devise business strategies.
Week 1 case 3 piloting procter & gamble from decision cockpitsdyadelm
This document lists the group members for a case study and provides information about Procter & Gamble's implementation of analytical solutions called Business Sphere and Decision Cockpits. It discusses how P&G developed these tools in partnership with other companies to give executives predictions about market share and other performance stats. The tools provide data on shipments, sales, market share, and drivers of performance. They also analyze what actions P&G can take to impact pricing, advertising, and product mix.
1. The document discusses whether mid-sized companies should implement ERP systems or not. It finds that best-in-class mid-sized companies are more likely to have ERP systems in place.
2. Companies without ERP face challenges like inaccurate data, inability to access data remotely, and lack of standardized processes. ERP systems can help address these issues and provide benefits like improved visibility, collaboration, and performance.
3. While ERP implementations require investments, the research found that mid-sized companies with ERP showed better performance on metrics like profitability, on-time delivery, and inventory accuracy compared to those without ERP systems.
- The document discusses the growing importance of data analytics and business intelligence for organizations. It notes that most companies now see analytics as critical to their success.
- It also discusses the shift towards decentralizing analytics and giving more business users direct access to data and insights. This allows leaders across departments to make more informed, data-driven decisions.
- Specifically, the document focuses on how enhanced analytics can help improve channel management strategies. It notes that channel operations are often complex with data residing in different systems, making performance difficult to analyze. Better analytics is needed to understand channel performance and costs.
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3. Introduction
3
Sage - Process manufacturing and ERP: Worldwide customer insight
The 2013 economic narrative was largely
one of recovery and growth, causing process
manufacturers to breathe a small sigh of relief.
However, the term ‘recovery’ can often mask
an array of challenges faced by organisations
as they try to expand their business.
Ageing infrastructure, high costs, reduced lead times
and a need for improved visibility are continuing to make
the environment a tricky one for process manufacturers
as the global economy tries to transition back into one
of growth. Add into the mix the introduction of new
environmental and safety standards over recent years
that require additional management and controls, not to
mention pressure to improve customer satisfaction, and
suddenly the process manufacturing story looks entirely
different.
The question now is what are conditions really like for
process manufacturers post-financial crisis and how are
businesses managing to achieve the growth they need to
complete the recovery process?
Customer insights suggest firms need software that can
help them raise the productivity bar, break new ground
and ensure compliance, if they want to stay ahead of
the competition. Worldwide, process manufacturing
executives are focusing on solutions that can help them
address all of their pain points simultaneously.
The information system and its underlying Enterprise
Resource Planning (ERP) software represents a major
step forward in getting businesses where they need to
be. Companies can install an ERP solution to not only
meet their operational needs, but also streamline their
IT infrastructure and deliver support when pursuing new
strategies. However, getting the right solution is half of
the battle and experience suggests that success is down
to procuring software from the right provider.
Here, Cateno Barberi, Product Management and Process
Manufacturing expert at Sage Mid-Market Europe and
Pascal Boursier, expert in ERP from Sage’s product
marketing division for Sage ERP X3, draw on customer
feedback to illustrate the challenges process manufac-
turers are currently facing. Using best practice examples,
they address how to buy and properly utilize an ERP
system, and what barriers companies must overcome
when trying to purchase such a solution.
Process manufacturing defined
The simplest definition of process manufacturing is
defined by products that, once manufactured, cannot
be distilled back into their original components.
Examples of process manufacturing are wine production,
soft drinks, plastic products, etc. For instance, once
the grapes have been crushed and the other ingredients
added, you can no longer return the grape to its original
form.
4. What are the challenges
facing process manufacturers?
Cateno Barberi (CB): Process manufacturers now need
to use all of their energy just to stay competitive in the
mid-market space, as ageing infrastructure, customer
demands and increasing costs continue to create daily
challenges.
A study from the Economist Intelligence Unit1
showed
87 percent of executives from across the globe have had
operations affected by out-of-date infrastructure. New
technologies that can identify issues with infrastructure
before they occur will be needed by firms to put them
on a firm footing for the future. Such software will help
organizations improve efficiency, extend the life of assets,
reduce the risk of failure and improve the ability of
businesses to meet customer expectations and demand.
For example, Blount Fine Foods provider of food for
retail customers and one of Sage ERP X3 customers, is
able to use the insight it gains from its ERP solution to
make strategic decisions, analyzing production data from
many angles and targeting areas for improvement.
Being able to evolve and adapt in this way will be integral
as customer needs alter. Indeed, demands are already
changing and the last year has seen increased pressure
placed on development times - a trend that will continue
to be a competitive barrier for firms in 2014.
This became clear in 2012, when over 50 percent of
food and drinks firms got new products to market in Q2
alone2
. Meanwhile, in June 2013 the New York Times3
reported that pharmaceutical companies were being
pushed to speed up development of the approval of new
antibiotics, following outbreaks of resistant superbugs.
Shire Pharmaceuticals, drugs producer and distributor,
is a company that identified an historical inability to make
changes quick enough. It was unable to get new acqui-
sitions up and running on a common finance system
swiftly - a failure that threatened its ability to grow.
As it expanded, Shire Pharmaceuticals needed to
make labour intensive tasks more efficient and accurate,
streamlining processes to allow people to focus on the
highest value tasks, be agile when accommodating new
operating companies, and manage ‘key man dependencies’.
To address the problem, the firm switched to Sage
ERP X3. Using the solution, Shire Pharmaceuticals is
now able to run a “consistent chart of accounts across
the business and provide a robust way of controlling
processes and reporting”. This visibility helps Shire
Pharmaceuticals align innovation strategy with business
strategy, resulting in shorter times for getting products to
market, without compromising on quality.
Nevertheless, pressure to get new products to market
swiftly has cost implications for businesses. Deloitte
identified in its ‘Global CEO Survey: 2013 Country
manufacturing competitiveness index rankings’4
, that
cost, availability of labour, materials, cost competitiveness
of materials and availability of raw materials is now the
third biggest competitiveness driver for manufacturers,
with an index reading of 8.07.
4
Sage - Process manufacturing and ERP: Worldwide customer insight
Modern manufacturing solution
“Sage ERP X3 is providing the process
manufacturing functionality we needed, and with
integrated sales, inventory and financial reports,
we have real-time access to data.”
Phil Pitzer, IS Director - Blount Fine Foods
Global compliance
“Using Sage ERP X3 in our small to medium sized
European subsidiaries, means we no longer
have to ask individuals to run reports for us from
disparate systems – we can now run reports
centrally when and where needed, in a consistent
format”
Gillian Poor, IT Director - Shire Pharmaceuticals
1
http://www.economistinsights.com/sites/default/files/EIU_Oracle_infrastructure_Final_WEB_2.pdf
2
http://www.fdf.org.uk/news.aspx?article=5983
3
http://www.nytimes.com/2013/06/03/health/experts-debate-plan-to-speed-antibiotic-development.html?_r=0
4
http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/us_pip_GMCI%20report%20highlights_12122012.pdf
5. Rising outgoings will significantly affect profits, especially
for mid-market companies. Research from Prime Advantage6
in the US showed small and mid-market manufacturers
were less confident about their finances in 2013. Indeed,
just 64 percent of executives said they were optimistic
about their company’s financial prospects, compared to
69 percent the year before.
Yet, broadly there is optimism in the manufacturing
industry. According to the Manufacturers Association6
,
70 percent of firms forecast an improvement in the
coming year. However, just six percent expect significant
improvements, suggesting a modest 2014.
Meanwhile, managing the quality process and meeting
safety standards will be essential for process manufac-
turers. Features that limit liability will improve the end
product through consistent quality metrics.
New environmental and safety standards in the manufac-
turing domain also required additional management and
controls to be introduced. Among the many changes
creating challenges for firms are the revisions to the
current Hazard Communication Standard (HCS) to align
with the United Nations’ Globally Harmonized System of
Classification and Labeling of Chemicals (GHS) (timeline
2015).
Blount Fine Foods used Sage ERP X3 to ensure it could
better control processes. Its previous system was limited
and managed formulas, recipes, and work orders in a
Microsoft Access database, which few had access to.
Sage ERP X3 is a scalable solution for the firm, enabling
it to tailor system behaviour and content without making
program changes. This means that the company didn’t
have to be at the mercy of an outside programmer to
make changes to the software as the business evolved.
Pascal Boursier (PB): On top of their main business
process issues – recovery will demand that manufacturers
gain new customers. Ten percent of companies are
expecting significant growth in the future, according to
the Manufacturers Association7
, and it is clear firms want
to grow. What’s more, they want to better control their
costs, reduce their operating margins and increase their
productivity.
Sage ERP X3 can help achieve this and has already
allowed Ganong Bros. Limited, a producer of chocolate
and confectioneries in Canada, to analyse its profitability.
Using the solution it is able to factor cost contributors into
its financial reporting. Such analysis helps the company
make strategic pricing and product mix decisions.
“Before Sage ERP X3, we were not able to see the whole
picture,” Marc Lefebvre, Vice President and Chief Infor-
mation Officer for Ganong, said. “We are able to clearly
see which products and customers are most profitable
for us.”
Blount Fine Foods has also used Sage ERP X3 to drive
expansion. Louise Goodman, Corporation Controller
for the company, said: “The advanced technology, ease
of use, and right-sized implementation methodology
of Sage ERP X3 positions Blount Fine Foods for future
growth.”
Phil Pitzer, Information Systems Director for Blount Fine
Foods, added: “We have a great deal of confidence in
the product. Ultimately, Sage ERP X3 works so well for
us because it allows us to focus on producing a quality
product, not on maintaining our ERP software. We have
doubled our revenues since implementing Sage ERP X3
and it continues to offer a good combination of power,
scalability, and usability.”
5
Sage - Process manufacturing and ERP: Worldwide customer insight
Exceptional standards of quality
“We used to manage our quality control processes
entirely outside of the software, but with Sage
ERP X3, it now is an integral part of our manu-
facturing process,
Marc Lefebvre, Vice President and CIO -
Ganong Bros. Limited
5
http://www.primeadvantage.com/companynews/pressreleases/2013-04-PA-Group-CFO-Survey-PR.jsp
6
http://www.eef.org.uk/blog/post/The-outlook-for-growth-Manufacturers-expectations.aspx
7-8
http://www.fdf.org.uk/event.aspx?event=3761
6. 6
Sage - Process manufacturing and ERP: Worldwide customer insight
What shouldyou lookforin an
ERP system?
CB: Customers recognise that ERP solutions can help them
overcome the barriers they are likely to face in the future, but
the key is getting the right one. Be sure to look for an ERP
solution with a strong process manufacturing foundation
that supports many of the best practices required to align
business processes.
These include:-
Formula/recipe management - The FDF and the
British Automation and Robot Association is pushing for
greater automation when it comes to formula and recipe
management8
. However, in 2012 it was observed that
UK companies lag behind their European counterparts
in adopting automation. Customers claim this can cause
barriers on the way to growth. Once King Pie implemented
formula/recipe management via Sage ERP X3, for example,
it was able to manage all aspects of sales, stock control
and inventory management using one solution.
Quality control - This allows firms to record quality
specifications for different products. With this information,
a company will be able to track and record the quality of
materials. The significance of this was demonstrated by
Ganong Bros. Limited. Historically, the company used to
manage quality control processes outside of ERP software
but it adopted Sage ERP X3 and has now integrated quality
management into its operations. The quality management
application sends a message to the quality control staff
when raw materials are received, including the product
number, lot number, and warehouse location.
Lot tracking and traceability - Tied to quality manage-
ment, this function records the identity of any ingredient
or product that is lot-controlled. A company can use this
to meet industry and government regulations for warranties
and quality assurance. It also allows a process manufacturer
to assign inventory from a lot on demand to meet specific
consumer needs.
Serialization and traceability is important for pharmaceutical
companies and around 50 percent of firms are already
dealing with this via their manufacturing processes9
. To
remain competitive, companies will need to be able to
prove they have this level of visibility within practices by
adopting the right solution.
Anthony Loheas, Industrial Management Controller for
Délices de Saint-Léonard, said: “Sage ERP X3’s arrival
helped us to work more obligatorily, by benefiting from
integrated and coherent data. It’s impossible to send
products if they are not present in the stock! It’s impossible
to charge if price lists are not created! Thanks to Sage
ERP X3, our stocks of raw materials, packagings or
finished products are now completely reliable, allowing
us to guarantee the upstream traceability and the approval of
our goods. How does ERP make things easier? From the
material to the finished product, and from the finished
product up to the end customer, everything is tracked.”
Production schedule management - This uses criteria
such as shifts, hours, or any other time formats that fit
production cycles to improve efficiency. Consequently,
labour intensive tasks become easier, more efficient and
accurate. The importance of this function was seen in
the case of Shire Pharmaceuticals. Since adopting Sage
ERP X3 - which boasts production schedule management -
the company has been able to prioritise tasks and make
their workforce leaner. It claims that while its headcounts
are the same, teams are now freed up to focus on tasks
that have more value.
Comprehensive capabilities
“Sage ERP X3 fully integrates with our existing
distribution, trading, manufacturing, project
implementation and unit servicing. It was
deployed using our existing staff compliment and
was finalised within the specified time period,
which was impressive”
Hennie Terreblanche, CFO of King Pie
9
http://www.healthcarepackaging.com/trends-and-issues/traceability-and-authentication/boosting-security-pharmaceutical-supply-chain
7. Regulatory compliance - This is one of the biggest
challenges facing manufacturers. The right ERP solution
can help create a production system that is in line with
regulatory requirements from different bodies and can
apply the GMP Good Manufacturing Practice, which is a
production and testing practice that makes sure all critical
processes are validated to ensure consistency and
compliance, such as the FDA specifications. Phil Pitzer,
Information Systems Director for Blount Fine Foods,
explained that “Sage ERP X3 simplifies compliance with
food safety regulations by maintaining a detailed audit
trail of each lot number”. Using the lot number of an
ingredient, the company has been able to quickly identify
all of the finished products that used that ingredient, who
purchased them and when.
Supply Chain management - Freightage revealed
that in 2014, access to visibility and execution data will
be crucial in improving supply chain conformity and
transparency. This will “minimise and mitigate environ-
mental, performance, process, and intellectual property
risks,” according to the firm. A supply chain management
function automates different supply chain activities using
scanning and barcoding, ensuring that materials and
products are well accounted for, providing greater visibility.
Maintaining its exceptional standards of quality has always
been a priority for Ganong, and Sage ERP X3 adds
a level of control that supports those standards. “We
used to manage our quality control processes entirely
outside of the software, but with Sage ERP X3, it now is
an integral part of our manufacturing process,” said Mr
Lefebvre.
PB: From a technical perspective, a good solution
must also be able interconnect with external systems,
software and hardware as part of a collaborative work
environment, according to our customers.
To enable growth and ensure vital information is accessible,
it is important to look for decision-support and reporting
tools, electronic document management, and workflow
mechanisms, allowing employees to work together in
real time.
Sharing information is important in the manufacturing
industry and ‘ASQ’s annual Global State of Quality
Research: Analysis, Trends, and Opportunities 2013’
report showed managers in the sector are almost three
times more likely to share data on quality with their line
workers10
. Indeed, 46.4 percent of manufacturers report
data on quality measurements to line workers daily.
Blount Fine Foods encountered problems before adopting
Sage ERP X3 because it was unable to offer proper
collaboration between workers. However, now it can
share information on one, easily accessible platform and
automated RF data collection appears to be much better.
Sage ERP X3 also allows Ganong to streamline electronic
communication: “EDI helps us automate what used to be
a slow and error prone process,” the firm said.
ERP must be thought of from a customer perspective too
and the solution can easily be used to facilitate developments
to enhance consumer experiences. Customer service is
often about feasibility for the manufacturer. For example,
companies that allow clients to shop online might not let
customers buy things via this portal and pick up in store.
This is because it can make tracking inventory more
complicated. However, ERP means companies can keep
records and accounts across all of their products. This is
important as e-commerce becomes a more popular way
of shopping.
This all helps to support a company’s growth and a
desire to expand is one of the major trends noted among
process manufacturers. The scalability of ERP is key from
both a technological and functional perspective, so that
IT strategy will be aligned with the company’s growth
strategy. It is important that when choosing an ERP
solution it will be able to welcome more users and run
new features on demand. For instance, the foundation
of the ERP must be built on a multi-company, multi-site,
multi-legislation and multi-language architecture, according
to customers.
Gillian Poor, Chief Information Officer at Shire Pharma-
ceuticals, said: “Shire Pharmaceuticals’ ambitious growth
plans means its constantly seeking new opportunities for
licensing, distribution partnership and acquisition. They
want to continue to use Sage ERP X3 to support them
with their global strategy.”
7
Sage - Process manufacturing and ERP: Worldwide customer insight
10
http://www.prweb.com/releases/2013/8/prweb11065296.htm
8. 8
Sage - Process manufacturing and ERP: Mid-market customer views
What are the barriers to purchasing
ERP solutions?
CB: Change management and the timeline of a project
can cause problems when it comes to adopting ERP.
Implementing an ERP solution involves not only changes
in the technology a business uses, but also changes for
the people that use it. This needs a shift in the attitude
and behaviour of employees, moving from a task-oriented
to a process-oriented approach.
This human element adds a level of unpredictability and
knowing how staff will accept changes can be challenging.
Research from Randstad11
showed that while 92 percent of
all employees say they will do anything to meet their job
requirements, a third fear that as expectations change,
they won’t be able to meet the requirements of their
employer in the future.
Unsurprising then that process manufacturers could
have a challenge on their hands when it comes to rolling
out a new ERP solution. It is important, therefore, to
make the benefits clear to workers and support them in
the transition.
When it comes to implementation, many mid-market
businesses can also lack the resources to support a long
process and cannot afford to dedicate an employee to
the project. According to Prime Advantage, 47 percent
of mid-size manufacturers expected to hire in the last six
months of 2013, with just three percent planning to re-
duce their headcounts12
. However, with capital expendi-
tures expected to increase at one out of three companies,
margins will be tight.
Meanwhile, it is also often the case that businesses need
specific development to address their unique needs and
this can add to the time of implementation.
However, with the right solution implementation can
be swift. Sage ERP X3 adopter RM Foods was up and
running in six weeks. President of the company Michael
Siegmund said the application was easy to adopt and
could easily be applied to all distribution, order taking,
purchasing, manufacturing and financial reporting.
PB: The cost of implementation is one of the main barriers
for companies when buying ERP systems.
When searching for a solution, Blount Fine Foods was
just one of the companies that found the majority of systems
were overly complex, with high maintenance and over-
head costs. Mr Pitzer said: “We wanted a system that
could manage our business, be installed easily, and was
scalable. Sage ERP X3 meets all of our requirements.
It offers strong process manufacturing capabilities,
provides an integrated development environment, and
comes at an attractive price point.”
Ganong Bros. Limited also found the solution easy to
use, with a well-balanced functional focus to achieve all
of the company’s objectives and attain the fastest return
on investment.
“We achieved a full return on investment by the end of the
first year, through labor savings and improved accuracy,”
Mr Lefebvre said.
In the current climate, every type of expenditure is likely
to be very closely scrutinized and the expense of investing
in a new ERP solution is often the main contributory
factor for such requests being turned down.
Over the course of the last two calendar years, the
proprietary TEC Advisor tool was used to complete more
than 1,500 evaluations of ERP for process manufacturing
software solutions.
11
http://www.ir.randstad.com/releasedetail.cfm?ReleaseID=790389
12
http://www.primeadvantage.com/companynews/pressreleases/2013-04-PA-Group-CFO-Survey-PR.jsp
Fast-moving solution
“Our old system made even routine tasks cumber-
some, so it was easier to outsource them. Now,
our Sage ERP X3 system works so well and so
efficiently that we were able to bring these tasks
back under our control. From product costing
through stock status and purchasing — Sage
ERP X3 has enabled us to improve accuracy and
efficiency”.
Michael Siegmund, CEO RM Foods, LLC
9. 9
Sage - Process manufacturing and ERP: Worldwide customer insight
According to TEC data13
, the most requested high-level
process ERP functional area is financials and accounting,
with more than two-thirds (66 percent) of the selection
projects for process ERP requiring this core back-office
functionality. Purchasing management is needed by
53 percent of the projects. Inventory management,
advanced planning and scheduling (APS), and quality
management are each selected more than 40 percent of
the time.
What stands out in these higher tiers of requested
functionality is that over the course of 2011 and 2012,
business platform capabilities—for example, business
intelligence, a workflow manager, and analytics—were
selected as a required functionality more than process
manufacturing management. This means that business
users continue to look for not just core transactional
ERP functionality in their software, but also expect more
sophisticated technology from their ERP system provider.
Another interesting choice stands out: even during
a process ERP selection project, 23 percent of the
respondents are also looking for discrete manufacturing
management capabilities to be delivered by their ERP
system.
13
http://www.deacom.com/sites/default/files/tec-2013-erp-buyer-s-guide-for-process-manufacturing2%5Bsmallpdf-1.com%5D.pdf
10. Howcanyou get the right
solution?
CB: The environment won’t get less challenging for
process manufacturers any time soon, with ageing infra-
structure, customer demands, rising costs, regulation and
profit margins continuing to put pressure on firms - especially
mid-market companies. However, ERP systems can help
and support growth, as long as the right one is implemented.
The ERP system must help the company meet the
statutory record-keeping and lot-tracking requirements
too. Food producers would also be wise to select an
ERP system that tracks batch recipes and related data—
descriptive information, technical properties, quantities
in user-definable units, costing information, notes, and
history.
What’s more, you need to opt for a software vendor with
which you can do business. Customers constantly tell us
that before they moved to Sage ERPX3 they were unable
to get the support they needed to successfully roll out an
ERP system.
PB: Before selecting an ERP, define the main objectives
of your project. After all, before you can address the
problems, you have to understand what you want to
achieve.
10
Sage - Process manufacturing and ERP: Worldwide customer insight
Integrated flows
Thanks to the Sage ERP X3 solution, our stocks
of raw materials, packaging and finished products
are now completely reliable, which means
we can guarantee the upstream-downstream
traceability of our goods, made easy with the
ERP solution: from the ingredients to the finished
products, and from the finished products to the
end customers, everything is tracked.”
Anthony Loheas, Industrial management
controller - Délices de Saint-Léonard
11. The realityofprocess
manufacturing and ERP
“We are better positioned for decent growth for 2014
than we were a year ago,” Diane Swonk, chief economist
Mesirow Financial declared to the Associated Press in
January 201414
.
While the global economy is largely on an upwards
trajectory, for process manufactures growth won’t come
without struggle. The environment is still fraught with
challenges that businesses must overcome, be they
internal or external.
Christine Lagarde, Managing Director of the IMF National
Press Club, explained: “Global growth is still stuck in
low gear. It remains below its potential, which we think is
somewhere around four percent.”15
This will put greater pressure on businesses to use their
ERP systems to lower costs and strengthen bottom lines.
The dust has yet to settle from the financial crisis and
while businesses are looking to expansion, they are all
too aware that the move will define whether they sink or
swim.
Over the coming years, the story for many firms will
be one of survival against the odds and the process
manufacturers that thive will be those that hone internal
processes - including their use of ERP systems - and use
them to drive growth.
While it’s tempting to get swept up in figures showing
rising GDP and output, caution is advised.
Of course, there is growing optimism among process
manufacturers and this confidence will ultimately help to
encourage the innovation needed to thrive in the modern
marketplace.
11
Sage - Process manufacturing and ERP: Worldwide customer insight
14
http://news.yahoo.com/solid-growth-brightens-economic-outlook-2014-195628992--finance.html and
http://www.mercurynews.com/business/ci_25028521/solid-gdp-reading-hints-at-strong-2014-economy
15
http://www.imf.org/external/np/speeches/2014/011514.htm
12. Sage ERP X3
The Sage Group plc is a leading global provider
of business management software to small
and medium sized companies, creating greater
freedom for them to succeed. Sage understands
how and why each business is unique. We
provide products and services that suit varying
needs, are a pleasure to use and are secure and
efficient. Formed in 1981, Sage was floated on
the London Stock Exchange in 1989 and entered
the FTSE 100 in 1999. Sage has over 6 million
customers and more than 13,380 employees in
23 countries covering the UK Ireland, mainland
Europe, North America, South Africa, Australia,
Asia and Brazil.
For further information please visit
www.sage.com
Sage ERP X3 is Sage Group’s global ERP
solution for mid-sized companies and
subsidiaries of large groups with international
demands. For over 10 years Sage ERP X3 has
been a proven and comprehensive ERP solution
addressing mid-market companies’ specific
requirements and challenges in industries from
manufacturing and services, to distribution and
many more.
Sage ERP X3 has presence in more than 60
countries worldwide, with 275 resellers and
more than 2,000 consultants in its ecosystem.
Over 4,200 customers have chosen Sage ERP
X3 because it is easy to use, rapid to deploy,
and cost effective.
Ourprocess
manufacturing customers
Sage Mid-Market UK
North Park,
Newcastle upon Tyne, NE13 9AA
Telephone: 0800 952 0082
www.SageERPX3.com