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Avoid Being a Quitter: How Crossroads RMC Can Help You Achieve Your Goals

Unlocking Success Infor LX/BPCS & Infor LN and Baan

Avoid Being a Quitter

As the calendar flips to January 1st, it marks the beginning of a new year filled with fresh opportunities and resolutions. It's that time when many of us set ambitious goals for ourselves, both personally and professionally. But, how often do these aspirations fizzle out before we even hit the second Friday of the year? It's so common that they even call it "Quitter's Day." However, it's not too late to stay on track and realize your ambitions. In this article, we'll focus on the professional side of goal-setting and how Crossroads RMC can be your ally in achieving manufacturing excellence.

Step 1: Make Your Goals Bite-Sized

While you might have grand ambitions, like upgrading your ERP system, increasing customer satisfaction, or optimizing your supply chain, achieving these goals often involves breaking them down into smaller, manageable projects. Here's how you can start:

  • Why: Understand why you want to make these changes. Is it to retain your top customers, leverage new ERP features, or streamline your supply chain?
  • What: Clearly define the desired outcomes – be it increased sales, enhanced efficiency, or cost reduction.
  • Who: Identify the key players who can help you achieve these goals. Do you have the necessary resources in-house, or should you consider external expertise?
  • When: Establish a timeline, considering your overall company initiatives, project priorities, and deadlines. Make your goals specific, measurable, attainable, and time-based (SMART).

For example:

  • Increase customer satisfaction for our top 5 customers by 10% in the next 6 months.
  • Reduce production mistakes in our welding department by 50% within a year.


Step 2: Identify Roadblocks

What's preventing you from reaching your goals? Is it a lack of resources, support, or the right tools? Consider these factors:

  • Lack of bandwidth: Assess your team's capacity. Can you involve colleagues from other departments or partners?
  • Support: Get buy-in from business leaders by demonstrating the ROI and benefits of your project. Educate your coworkers on its importance.
  • Tools: Explore features in your ERP system that you might not be utilizing fully. Is an upgrade or additional software add-ons needed?

 
Step 3: Take Action and Persist

Creating a plan is vital, but remember, the path to success isn't always smooth. Prepare for challenges and adapt as needed:

  • Develop a comprehensive plan to execute your goals.
  • Communication is key. Keep your team informed about progress and challenges.
  • Adjust your plan when necessary. Mistakes are part of the journey and can lead to future success.


How Crossroads RMC Can Help You in 2024

At Crossroads RMC, we understand the challenges manufacturers face, and we're here to support your journey to success. Here's how we can assist:

  • Implement new functionality in your existing ERP system.
  • Lead the way in upgrading your ERP to the latest version.
  • Provide training based on best practices for your employees.
  • Automate time-consuming, manual processes.
  • Integrate your systems, creating a seamless, cohesive environment.
  • Deliver ERP add-on solutions that save you time and money.

We offer a comprehensive range of consulting services and software designed to optimize manufacturing by reducing costs, improving quality, and enhancing efficiency.

Learn More:

Infor LX & BPCS Services> Infor LX & BPCS Software>

Infor LN & Baan Services> Infor LN & Baan Software>
 

It's Time for Action!

Contact us today at solutions@crossroadsrmc.com or call us at 800.762.2077 to discuss your ERP goals. Let Crossroads RMC be your partner in making 2024 a resounding success for your manufacturing business!

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Tips:  LX | BPCS | M3

I'm reposting this checklist for things to consider in order to finish out the current year, and plan for next year…

  • Are your accounting records up to date so you can make a projection of how the current year will turn out?
  • Are all account reconciliations up to date to facilitate the closing of the books after year end?
  • Are there accounts receivable that should be reserved for or written off prior to the end of the year?
  • If your business carries inventory, do you need to plan a physical count as of the end of the year?
  • Has depreciation on your fixed assets been recorded during the year? Have you considered depreciation on current year additions?
  • Have all new asset purchases and bank loans been recorded on your books?
  • Are there any liabilities, for example, pending legal actions or warranty issues, which will need to be recorded prior to year end? 
  • Do you have a plan in place to properly “cut-off” revenue at year-end to properly match revenue and expense?
  • Will there be bonuses, profit sharing contributions or discretionary retirement plan contributions paid prior to the end of the year? How will these payments affect cash flow?
  • Will you be in compliance with your bank covenants at year end?
  • Do you need to make arrangements to receive statements as of the end of the year for cash value of life insurance, loan balances, etc.?

Optimize Your Manufacturing Today!

Key Performance Indicators measure how effectively your performance objectives are being achieved.

  • Have you defined KPIs for your company?
  • Are you measuring them effectively?
  • Is everyone in your company aware of what the KPIs are?

If you haven’t already done so, consider tying personal performance objectives directly to the company’s performance objectives. Doing so can greatly increase the likelihood that the company’s goals will be met.

Optimize Your Manufacturing Today!

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Tips: LN | Baan

All actions required for converting, validating, matching, and posting electronically received bank statements can be performed within a single session:

  • Bank Statement Workbench (tfcmg5610m100)
  • Bank Statement (tfcmg5610m000)

Alternatively, you can use the sequence of electronic bank statement sessions outlined below.

Steps to Process Electronic Bank Statements:

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