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6 challenges facing medical device manufacturers and how ERP analytics can provide a cure

SYSPRO Smarter ERP

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. ERP analytics enable the reporting and tracking of variances and defects, providing valuable insights to improve the design process.

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Managing cost, quality and traceability in fabricated metals manufacturing

SYSPRO Smarter ERP

Cost efficiency, quality management and traceability are major issues for companies in this region. Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. This requires access to what and how buyers make purchasing decisions, and the current cost of inventory in the warehouse.

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Navigating The Snails Trail: Moving to Outside-in Planning Processes

Supply Chain Shaman

I never republished the report, because not enough has changed to warrant it.) The report centers on the concept of moving from inside-out to outside-in technologies. An inside-out model, based on testing, is weeks, and often months, out of step with what is happening in the market.

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Best Logistics Management Software: Everything You Need to Know Before Making a Purchase Decision

ThroughPut

It’s not just about merely managing trucks and warehouses anymore; it’s about seeing the big picture (of your entire supply chain!) In this blog, we’ll tell you what the evolution of a LMS has been and what you should look for while choosing the best Logistics Management Software. Logistics has, however, come a long way.

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Know Your Supply Chain KPIs – Procurement

Logistics Bureau

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs.

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Total Manufacturing Cost Formula: Metrics that Matter

QAD

Here’s a formula to calculate your total direct materials costs: Beginning Inventory + Added Purchases – Ending Inventory = Total Direct Materials Costs. Direct labor is simply the costs associated with paying people to create the product. Quality inspections of products. What is Direct Labor?

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KPIs That Purchasing Executives Need

Silvon Software

Companies that focus on strategic sourcing can generate substantial economic value not just by eliminating waste, reducing costs and improving administrative efficiency, but also by building stronger supplier relationships that can make them more competitive, profitable and nimble. These metrics are noted in the following sections below.