Cash is King—And So is Your Supply Chain: How Mid-Market Companies Can Optimize Supply Chain Operations for Strong Cash Flow and Focused Growth
For companies of all sizes and across all industries, cash is not only crucial, it’s king. Just to survive, businesses have to carefully manage their cash flow, making sure that payments aren’t going out faster than resources are coming in.
There are a number of ways companies can automate and optimize their supply chains to improve cash flow, such as building strong relationships and implementing new technology. But it should be noted that making the decision to invest in technology or update a supply chain process is a cash flow decision in itself, and should thus be weighed carefully.
It is important to realize that the cost of a supply chain or cash flow failure is, in most cases, significantly higher than even the highest price tags for these investments. With that in mind, supply chain solutions and automation technologies are more often than not worth the investment for growing mid-market companies.
This white paper looks at the importance of cash flow management, especially vital for mid-market companies in the current economic landscape. Due to their size, mid-market companies have a smaller financial cushion than their larger competitors, which means they have a reduced margin of error, a thinner cushion for tough financial situations, and a smaller investment pool for funding growth.
Download the guide for more information on why you should optimize supply chain operations to improve cash flow, including explanations on how seeking out supply chain efficiencies, managing cash flow through managing inventory, and investing in new technologies can help your bottom line.
Meeting Process Manufacturing Challenges Through More Potent Functionality
The process manufacturing market remains one of the most competitive and dynamic segments of manufacturing. Process manufacturers must evolve to meet the challenges of changing market demands, the increasing commoditization of products, and the volatility of pricing in energy and raw materials.
A powerful enterprise resource planning (ERP) system with detailed functionality should help process manufacturers manage active ingredients throughout their operations by enabling them to buy raw materials and cost goods more precisely; scale formulas up or down, automatically; track lot inheritance; and define product sequencing, which is evaluated based on multiple characteristics, to reduce downtime and changeover costs in the production schedule.
Using ERP for Process Manufacturing Quality Management
Today, process manufacturing executives need to think about more than core batch and recipe management capabilities when considering software solutions like enterprise resource planning (ERP). Due to both regulatory and market factors, quality management and documentation of the quality and content of goods produced is essential. Advancing environmental awareness and the ability to handle recalls both factor into this increased focus on quality.
Customers have high expectations of manufacturers and other suppliers and often focus on good corporate behaviors, especially when it comes to sustainability. Adherence to legislation is of course necessary—but manufacturers who go beyond the required can find this to be a competitive advantage.
As supply chains and distribution patterns become more global, more process manufacturers also need to pay attention to and comply with numerous national and regional regulations.
This white paper outlines how batch process manufacturers can select and use enterprise software with embedded quality management functionality to face these challenges.
The Top Challenges Facing Manufacturers in Construction-driven Markets
The construction market is a key driver of the economy, both global and domestic. The Great Recession of the last decade had a tremendous effect on construction activity, which in turn severely impacted several economic sectors, including manufacturing. But over the last few years, construction has begun to rebound, and so has manufacturing.
While the demand for construction is rising, manufacturers whose products are driven by the construction market are facing particular challenges in the short term. This white paper examines those challenges. It also presents how Microsoft Dynamics solutions can help drive productivity and business insight for construction-driven manufacturers.
A Top 10 List for Meat Processors & Protein Companies When Considering a New ERP System
"The meat industry" traditionally supported by enterprise resource planning (ERP) solutions has expanded into "the protein industry," which includes several non-meat sectors. This is in response to consumer demand for healthier alternatives to beef (for example, bison, elk, emu, or venison). The protein industry also includes the manufacture of pet food, which has essentially the same ERP requirements.
This industry requires specialized ERP functionality to address its concerns, including, for example, traceability, shelf-life management, and containerization.
This white paper outlines 10 key features to consider when evaluating and selecting an ERP system for process manufacturing that will address the specific challenges of the protein and meat-processing industry.