Seems obvious – you want real time data and you want it to be accurate. Do you have the systems in place to allow for this?

Here are 4 reasons you need a data collection system:

1. See the differences between actuals and standards
2. Determine the source of project overruns
3. Prevent mis-shipments to customers
4. Avoid unnecessary reordering of parts

An automated data collection system will analyze your current data, allowing you to efficiently optimize your manufacturing and the benefits will be huge and far reaching.

Optimize Your Manufacturing Today!

Do you have a strong relationship with your suppliers? Do they know your every need/want? No? Well, why not?  

The key to any good relationship is communication. Have you established clear and consistent communication with your suppliers? Consider establishing a way for both of you to share information with each other electronically.

A portal is a good way to achieve this. Documents can be shared, updates on deliveries can be communicated with ease, and changes that can affect both your operations and theirs can be communicated efficiently and effectively.

Optimize Your Manufacturing Today!

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:

OPERATIONS: Update, Cancel or Remove Outbound Order Lines

FINANCE: Currency Differences Accounts

TECHNOLOGY: Advantages of Data Replication