Real-Time Inventory Data, Accurate Forecasting Key Elements Aide Management Decision Making.
Real-Time Inventory Data and Batch Processing Give Management Close Expense Monitoring
Computer / Electronic Industry
The computer and electronics industry is experiencing rapid and major changes. This is due to the merging of consumers, computers, and communications, which is known as 3C convergence. The 3C convergence trend is linking the IT and digital home appliance industries and is responsible for the emergence of mobile phones, TVs, VoIP and other new services as hotspots for electronics investment. 3C convergence is also making computers so widely available that consumers expect additional functionality and great pricing when purchasing almost any computer product today.
The electronics industry can be classified as follows:
Computers and office machinery
Manufacturers of computers, peripherals and office machinery face numerous challenges such as extremely short product life cycles, concerns about overhead cost requirements and intense price competition. Computer equipment companies have to balance their assets carefully to shorten their product time-to-market while keeping overhead and operational costs down.
Electronics equipment and semiconductors
Manufacturer of specialized electronic instruments such as circuit boards, semiconductors and household audio and video equipment must constantly advance the computing power and size of electronic devices because of the market demand. A product that was once defined as state-of-the-art rapidly becomes obsolete and the pressure to develop products with upgraded technology is great.
Controls, meters and photographic equipment
Manufactures and supplies instruments for metering, controlling, analyzing and measuring, as well as photographic equipment and supplies. Challenges facing this marketplace are: low sales prices, performance capabilities, state-of-the-art technology, and technical support and aftermarket service.
The Internet capabilities have fueled the growth of the electronics industry. The market continually demands faster and cheaper products with more functionality. The success of the electronics industry is highly dependent on successfully managing customer satisfaction, time to market, innovation, and cost reduction.
- Constant new product introductions / short product lifecycle
- High levels of obsolete inventory
- Complex supply chains
- Multiple subcontractors and outsourcing for components
- Requirement for supply and demand visibility
- High IT costs and overhead costs
- Need for better product quality
- Need for communication, collaboration and integration with the value chain
- Rising number of legal and regulatory requirements - alignment and accountability, external and internal disclosures, risk mitigation
- Highly competitive market
- Need for high levels of technical support
Driscoll & Associates, Inc. and SYSPRO Solution:
SYSPRO’s Inventory Management module is the heart of the system bringing the sales, planning, valuation and control into this module. There are tools that will allow for analysis of inventory levels and turnover. The system is real time and will show the current items on hand, availability, usage, allocations and open replenishments. The system supports lot and serial tracking. Inventory cost can be at standard, average, last cost or FIFO / LIFO layers. The system is a true multi warehouse system with the ability to track transfers between warehouses.
Goods in Transit
SYSPRO’s system will track goods in transit, which will provide greater management control over stock items that are being transferred between warehouses. The system achieves this by monitoring warehouses transfers and supply chain transfers. Warehouse transfers are generated using the Inventory Movements program, where the transfer of an item from a source warehouse generates a detailed record of the transaction. Stock is depleted from the source warehouse at the time of confirming each line of the transfer. At the receiving warehouse, a review process with extensive selection criteria enables you to control the receipt of this stock. Supply chain transfers are generated using the S/O Entry program. The capture of a supply chain transfer order enables you to reserve stock for transfer at a later point in time (as opposed to an immediate transfer out catered for by Inventory Movements). The primary purpose of the goods in transit system is to manage the regular transfer of stock between multiple warehouses.
Purchase Orders / Blanket Purchase Orders
SYSPRO’s Blanket Purchase Order facility within the Purchase Order module allows the user to create, maintain and use contract purchase orders as well as to monitor purchase order receipts against a supplier's contract. The purpose of these contracts is to allow a fixed price to be recorded for a specified period and/or volume, plus an agreed upon delivery schedule. With extensive querying and reporting capabilities, you can centrally manage anticipated deliveries and review supplier delivery performance.
Landed Cost Tracking
SYSPRO’s Landed Cost Tracking module is designed to assist you in the tracking of imported goods, to determine an ETA and to determine a reliable estimate of the overall cost of imported goods. It helps to select vendors based on shipping routes and their costs. And, it provides an actual cost comparison to the various estimates made during the procurement cycle and enables the archiving of completed shipments and associated costs.
SYSPRO’s Requirements Planning module is the focus of the manufacturing and material resource planning system. The objective of requirements planning is to create realistic purchasing and production schedules, optimize stock holdings and identify capacity constraints in a multi-site, multi-warehouse environment. The module assists with the planning of materials and production capacity required to meet demand and identifies levels of usage of critical resources for rough-cut capacity planning. It allows for the easy creation of build schedules from Master Production Schedule (MPS) suggestions and the shop floor, and it suggests purchasing, production and transfer schedules to satisfy demand.
Advanced Planning and Scheduling
SYSPRO’s Advanced Planning and Scheduling provides a graphical view of the shop floor in real-time and measures productivity at the closest point to manufacture. It provides a simple and efficient means of coordinating the supply chain through better advanced planning, scheduling and visibility over production. A concise, tactical overview of production schedules and workloads by work center, day, and job enables managers to more easily identify potential problem areas and schedule jobs in accordance with available resources and promised delivery dates.
The Single Level Bill of Materials in SYSPRO's Sales Order module provides the facility to sell items in a Kit form with specified mandatory and optional components. The Bill of Materials module is required to define relationship between the finished (parent) part and the components so as to determine the cost and selling prices and whether the stocking levels of the parent or the component are affected. The integration between SYSPRO's Inventory, Sales Orders, and Bills of Materials modules provides full visibility of all inventory transactions.
Work in Progress
SYSPRO’s Work in Progress module enables you to accurately control costs of work orders currently in progress. Material usage and labor can be posted in real time and in batch mode. It also enables variance reporting to be produced between estimated costs and actual costs of each job. Work orders may be added for stocked items (with a bill of materials), stocked items without a bill of materials or non-stocked items. These work orders can create a bill of jobs for all relevant sub-assemblies down the BOM chain. Labor transactions can be posted through kit issues, manually or imported into the system from a data collection interface. Material allocations can be issued to a job through kit issues or manually and optionally allow for the substitution of a material allocation when performing kit issues.
SYSPRO’s Quotations module enables the entry and maintenance of quotations, the printing of free-format quotations and, upon confirmation of the quote by the client, the confirmation of the details into Work in Progress, Sales Orders and Requisitions/Purchase Orders.
SYSPRO’s Lot Traceability module is designed to provide full traceability at transactional level for items. Companies in the following industries use this module: electronics, aeronautics, defense, food & beverage, pharmaceutical, motor vehicles and building. This module records material movement through the receiving, manufacturing, assembly, inspection, stocking, and final dispatch stages. The integration with SYSPRO's other modules permits full upward and downward traceability through all inventory transactions. The module traces product life cycle from raw materials to final products.
SYSPRO’s Forecasting module provides a simple, easy to use forecasting management tool. Based on the available history it suggests future stock replenishment, with the option of removing 'outliers' and enables manual adjustment to the history. Manual adjustments might be needed in terms of market intelligence or unusual demand. In addition there are reports, both tabular and graphical, in format allow for easy reference and the ability to delve into the forecast detail.
Customer Relationship Management
SYSPRO’s Customer Relationship Management (CRM) suite of applications will enable Food and Beverage manufacturers to increase revenues and client satisfaction through optimal client management. The CRM solution is designed to offer all the key components of business management in one simple module combining customer contacts, marketing, sales, customer service, Help Desk, and after market service and repairs. CRM allows everyone to share the same information putting people in the center of the enterprise with a 360 degree view of the marketing, sales, order fulfillment and accounting transactions.