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/ Categories: Infor ERP Utilization Review, Consulting, Finance, Manufacturing, Operations, Technology

Mitigating Risk With Your Infor ERP

Infor LX | BPCS | Infor LN | Baan

MARCH… "in like a lion and out like a lamb"

Problems = Risk

Boy, it sure seems like we’ve seen our fair share of March “LIONS” over the past few years, wouldn’t you agree? Those lions have manifested mostly as external global problems outside of the control of any given person or manufacturing operation. As we know, problems = risk.

So, how do businesses respond to risk, specifically when it comes to their ERP system? We all deal with risks in our jobs every day. It is our response to the risk that makes all the difference. Creating short-term, midterm, and long-term response strategies ensure that a company can not only handle a fast-changing situation or emergency but also make the investments needed to seize opportunities and become more resilient.

To create these response strategies, manufacturers should examine:

  • How did we get here?
  • Where are we now?
  • Where are we headed?
  • What to do about it?

In order to really dig into each of these areas, our customers have successfully partnered with us to review a particular part of their business that they feel is at risk and sometimes have asked us to review everything…soup to nuts. This review is done through an ERP Utilization Review. In this review, we can dig into such things as:

  • How does data flow from one department to another?
  • Are we relying on outdated processes and procedures?
  • Do we understand why we do what we do?
  • Can we eliminate or streamline processes to become more efficient?
  • Are we making bad business decisions because one department doesn’t have access to real-time data or data from another department?
  • Are we losing money because we can’t track our costs accurately?


Or more specifically by department...

Finance:

  • Do I have the right visibility into our ERP data to be able to do proper financial planning, forecasting, and reporting?
  • Can I reduce the amount of time it takes to do a monthly close?
  • Is my ERP system covering all of my tax compliance requirements?
  • Are we losing money because we can’t track our costs accurately?
  • Do we understand why we do what we do?
  • Can we eliminate or streamline processes to become more efficient?

Manufacturing:

  • Is there a way to gain better real-time visibility into my operations?
  • Can we increase OEE?
  • Are we accurately capturing our time and labor on the shop floor?
  • Are we properly planning to maximize our production efficiency?
  • Do we understand why we do what we do?
  • Can we automate some of our processes to become more efficient?

Materials:

  • Do we have full visibility into our supply chain?
  • Is planning negatively impacted because of how we communicate with our suppliers?
  • Are we managing our inventory properly?
  • Are we able to fully analyze our sales in order to maximize profitability?
  • Do we understand why we do what we do?
  • Can we eliminate or streamline processes to become more efficient?


Why live with risk one moment longer than you need to? Whether your Infor ERP investment was made one year ago or twenty, your business deserves the opportunity to maximize the investment that was made and put the strategies in place that will allow your business to mitigate risk and thrive no matter what “LIONS” try to stand in your way.

Crossroads RMC offers a variety of Infor ERP Utilization Reviews allowing companies to achieve a greater return on their Infor ERP investment, maximize efficiency and improve overall employee satisfaction.

Utilization Review for Infor LX (ERP LX)
Utilization Review for BPCS
Utilization Review for Infor LN (ERP LN)
Utilization Review for Baan

Learn more about our Types of Utilization Reviews:

Infor LX (ERP LX) & BPCS

  • Manufacturing Application Utilization Review
  • Financial Utilization Review
  • Supply Chain Utilization Review
  • IBM i Infrastructure Performance Review
     

Infor LN (ERP LN) & Baan

  • Automotive Exchange / ION Utilization Review
  • Technical Systems Utilization Review
  • MRP Utilization Review
  • Supply Chain Utilization Review
  • Finance Utilization Review
  • Utilization ReviewManufacturing 


Visit our Utilization Review FAQ section for Infor LX (ERP LX) & BPCS.
Visit our Utilization Review FAQ section for Infor LN (ERP LN) & Baan.

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Tips:  LX | BPCS | M3

For years, repetitive manufacturing industries have been applying many of the principles in Just-in-Time philosophy. They have established balanced production lines that depend on a steady flow of material to each work station. They schedule production in daily or weekly rates rather than in discrete shop order lots. They track finished inventory by work center rather than by job. They typically backflush stock balances (decrement stock balances upon completion of specific manufacturing steps rather than issued at the beginning of each production run).

 

Costing is typically based upon a daily rate or hourly rate rather than being associated with specific shop orders. 

 

Repetitive manufacturers use MRP II software adaptable to their environments

in the following key areas:


▪ Product definition

▪ Inventory tracking

▪ MRP/Master Scheduling

▪ Shop Floor Control

▪ Purchasing

▪ Costing

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Just-in-Time (JIT) is a management philosophy that focuses on minimizing the resources necessary to add value to your products and to operate your factory in ways that eliminate waste. Resources are labor, materials, equipment, space, and time. Waste is anything that does not add value to your products. Moving work-in-process from place to place, stacking and sorting, investing capital in large work-in-process and raw material inventories, inspecting materials at your vendors' sites, and tying up warehouse space with finished goods are all activities that add cost, not value, to your products. 

JIT is a process that reduces lead time. JIT does not replace an MRP, an inventory program, a scheduling technique to bypass your Master Schedule, or a materials management project. JIT is the never-ending commitment of everyone, from top management to your workers on the floor, to maximize your effectiveness through continuous, incremental improvements.

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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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