Multi Currency ERP for Small Businesses – EMERGE App


Why You Need to Deal with Multiple Currencies. Perhaps it should be “Multi-Currency Makes The World Go Round” in today’s mobile web world. You buy things in different currencies from suppliers in many countries. And you sell things in your local currency.

Currency in India: Current State of Disruption, Confusion, and Economic Slowdown

CH Robinson Transportfolio

Currency in India: Current State of Disruption, Confusion, and Economic Slowdown.Transportfolio. Two of India’s major currency denominations have been withdrawn since November 8. Manufacturing, agriculture, and infrastructure—which are more labor intensive—might see a drop in volumes.

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Overcome Manufacturing Supply Chain Challenges with Digital Planning


The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.”

These Top Manufacturing Technology Trends will Fuel a Focus on Customer Experience in 2018


Going back to the Industrial Internet of things (IIoT), the use of Internet-connected technology increases risk in manufacturing. billion in 2018 alone, reports Michael Kotelec of , and this will bring a strong, robust boost to efficiency and productivity in manufacturing.

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31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats


Many off-shore manufacturers have returned to the U.S., Those changes, along with high costs of transporting materials and finished goods to and from overseas locations, make the value of reshoring likely to become a compelling financial reality for many manufacturers.

How Do We Know National Network for Manufacturing Innovation is Working? Because China is Copying It.


In this post, Adam discusses the National Network for Manufacturing Innovation or NNMI and how it relates to the Made in China 2025 initiative. . China’s new manufacturing policy roadmap, unveiled in 2015 and called Made in China 2025, includes numerous policy initiatives designed to create an advantage for China in 10 key advanced-technology industries. In addition, Made in China 2025 contains provisions for creating 40 Manufacturing Innovation Centers by 2025.

4 Ways Reshoring or Insourcing Manufacturing Can Boost Profits


Editor's Note: Today's blog is from our friend Allison Wilkinson, a freelance writer in the industry, who shows us why Reshoring or Insourcing Manufacturing can boost your profits. While reshoring has always been a debated topic in the manufacturing industry , the subject earned the national spotlight in the 2016 presidential election. And rightly so, as millions of Americans have been affected by companies' decisions to outsource manufacturing abroad. .

Summary of Development and Manufacture Contracts in the Aerospace and Defense Industries


The type of contract of interest in this report is for Development and Manufacture contracts in the Aerospace and Defense industries. Specific Risks in Development and Manufacture Contracts in the Aerospace and Defense Industries. Foreign currency and commodity price fluctuations [7].

Collaborative Manufacturing Intelligent Application Suite Profile


Speed and accuracy are the new currencies of quality. What would it mean to your business if all quality data from your manufacturing ecosystem was automatically updated and available in one place in the cloud?

Collaboration in a Multi-Enterprise Environment


Connected supply chains are able to visualize demand (from consumers, retailers, distributors) and supply (from raw material supply, component & contract manufacturers). Today I will be discussing multi-enterprise supply chains.

10 Ways Real-Time Monitoring Is Revolutionizing Manufacturing


Bottom Line: Data and the intelligence it delivers are revolutionizing manufacturing, making real-time data the new currency supplier networks need to thrive and grow on. It’s also driving ten specific strategies that are increasing manufacturing competitiveness and effectiveness.

Doing Business in Switzerland


Manufacturing in Switzerland. Switzerland has a highly developed manufacturing industry specializing in high-tech and knowledge-based production. Manufacturing is the growth engine of the swiss economy, but the country has lagged in innovation during the last several years.

Your supply chain is costing you money – Reason #5 Not having a supply chain risk management process


Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. by John Westerveld Reason #5: Not having a supply chain risk management process.

How Effective Fixed Asset Management Contributes to Profitability


Honestly, fixed asset management and the related accounting is a rather dry subject – unless you are a CEO, CFO, COO, VP of Finance, VP of Manufacturing or Fixed Asset Manager at a manufacturing company. Fixed Assets and Accounting: Much More than a ‘Nice to Have’.

Infographic: The “Made in China Era” Coming to an End?

Supply Chain Movement

This inforgraphic is about how the manufacturing costs in China are increasing due to for example changes in wage costs and stronger growth of the Chinese currency. It also shows figures about companies moving back their manufacturing to the U.S.A.

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Doing Business in the Czech Republic


Manufacturing in the Czech Republic. The Czech Republic’s single largest industry is automobile manufacturing, most of which is exported. Manufacturing accounts for 36.9% Supply Chain Infrastructure for Manufacturing.

Lost in Translation-Incorporating Consumer Demand into your Supply Chain

The Network Effect

A few years ago, a news report came out of China stating that they were going to put an end to pegging the renminbi (China’s domestic currency) against the U.S. This was a long awaited announcement that completely shocked the global currency markets sparking massive trades out of the U.S.

How Manufacturing in the US Continues to Grow Despite Fears Over Higher Costs, Lower Percentage of GDP & Election-Year Woes


On July 1, 2016, the Institute for Supply Management announced the manufacturing index rose to 53.2 GDP, which holds major hopes for the future of manufacturing. manufacturers into beliefs of an impending recession. While the future of manufacturing in the US has yet to be written, the overwhelming amount of evidence points toward a fresh, growing industry into the remainder of the year. Current Facts on Manufacturing in the US.

Amplify Your Supply Chain While Capitalizing on your IT Infrastructure


Ampacet Corporation is the world’s leading manufacturer of the pelletized pigments that add colors to plastics. The company spans the globe with 12 manufacturing sites on four continents.

[INFOGRAPHIC] The End of Made In China Manufacturing


The phrase “Made in China” embodies cheap labor, the outsourcing of American manufacturing jobs, and China’s transformation into one of the world’s economic superpowers. However, it seems the end of the Made in China manufacturing era may be in sight.

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How international shipping can be improved in today’s global automotive supply chain

The Network Effect

Given the global nature of automotive manufacturing in today’s networked supply environments, international shipping will be a consideration as part of the trading relationship between Subsystem and Tier 1 Suppliers and their Tier 2 Suppliers.

Building Business Case for Reshoring vs Offshoring

Supply Chain Opz

In the past couple of years, there are the increasing interest to bring manufacturing back to home country. rising labor cost, currency risk, quality issues and so on are the factors that turning people away from offshoring. NAVIGATE. Basics. Case Studies. Graphics. All Posts. About.

New Survey from JDA and KPMG Highlights Top Drivers and Inhibitors of Supply Chain Investment

Supply Chain Nation

During the conference, 90 executives from the manufacturing, retail and logistics industries attended the Executive Exchange, sponsored by KPMG LLP (KPMG). Manufacturers’ Investment in the Supply Chain. Manufacturers are clearer about their strategic direction and focus than retailers.

New Survey from JDA and KPMG Highlights Top Drivers and Inhibitors of Supply Chain Investment

Supply Chain Nation

During the conference, 90 executives from the manufacturing, retail and logistics industries attended the Executive Exchange, sponsored by KPMG LLP (KPMG). Manufacturers’ Investment in the Supply Chain. Manufacturers are clearer about their strategic direction and focus than retailers.

[INFOGRAPHIC, REPORT, & INTERACTIVE MAP] The US Manufacturing Workforce & Making it In America


While US manufacturing has been hit hard by nearly two decades of policy failures that have damaged its international competitiveness, it remains a vital part of the U.S. The US manufacturing sector employed 12 million workers in 2013, or about 8.8 Manufacturing industries generated $2.1

Strategic sourcing enters a new age. Are you keeping up? (Part 2)


Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. Financing, hedging, and currency plays.

5 key trends affecting the Consumer Package Goods industry


Competition is using pricing or niche assortments as a means to compete with branded manufacturers. Amidst lessening brand loyalties, CPG brand manufacturers are being forced to become more cost competitive.

Moving Forward with Blockchain in the Supply Chain

Talking Logistics

The digital currency called Bitcoin has been in the news recently as its value has skyrocketed to over $6,500 per coin, with speculators pouring money into exchanges hoping to make an easy profit.

Blockchain and TMS: A Future Match Made In Heaven?


Those accepting digital currencies, like Bitcoin, are already involved with blockchain, and TMS solutions that generate an ongoing ledger between parties, even 3PLs, may already have developed blockchain-based technologies that are within months, if not weeks, of launch dates.

What Is the Future of and Trends in E-Commerce Logistics?


New Technologies and Supply Chain Practices Will Enable Competition in E-Commerce Innovations within the logistics and manufacturing industries, ranging from 3D printing to active RFID tracking , will help shippers stay competitive in the e-commerce-driven world.

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What Today's Market Tumble Means for Your Supply Chain


We examine the manufacturing and supply chain implications of the Dow's fall. Analysts are worried about emerging markets suffering from a drop in raw material demand, which could slow manufacturing worldwide. Economists are pointing to a slump in Chinese manufacturing. Manufacturing is now slowing at the fastest rate in six years. From a manufacturing perspective, Asian-produced goods will benefit in the U.S.

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Free Trade: Why U.S. Trade With Mexico and China Could Not Be More Different


manufacturing decline. Mexico’s manufacturing sector is integrated with U.S. For example, 40 percent of the inputs to finished manufactured goods in Mexico come from the United States. Manufacturing

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Missing: C-level Engagement to Address Supply Chain Disruption Risk

Talking Logistics

But surprisingly, a significant number of manufacturers are not being very proactive. In December 2015, GT Nexus and YouGov surveyed 250 senior manufacturing executives to gauge their outlooks for supply chains in 2016. Manufacturers see challenges everywhere: Political issues.

This Week in Logistics News (October 26-30, 2015)

Talking Logistics

on, and can be shown in nearly 60 different currencies. Guests can then designate the country they would like to ship to and also choose their currency. Prices sitewide will be shown in the local currency, reflecting current conversion rates.

The Jump from QuickBooks to ERP Accounting and Financials: What Management Needs to Know


Financials connected with manufacturing processes. This four-part blog series highlights the eight considerations managers need to embrace before moving from QuickBooks to manufacturing ERP, specifically for accounting and financials. Isn’t that what manufacturers are looking for?