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Infor LX | Infor LN | BPCS | Baan | Infor M3

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Manufacturing vs. Finance: Who wins?

Infor LX | BPCS | Infor LN | Baan

Manufacturing Goals: develop high-quality products and services in response to the demands of the market, improve efficiency and maximize capacity utilization.

Finance Goals: analyze revenue growth opportunities, control costs, and maximize profitability.

So, who wins? Whose priorities take precedence when it comes down to it and what happens when the demands seem to compete? The answer to that question may be simpler than you think. Quite often, the production side of the house and the finance side of the house are operating based on their own sets of data which have been created within their respective group to serve the needs of the group alone. Finance likely does not have access to production reports and production hardly ever has access to finance reports. But why? What if both departments operated based on the same data, viewed in the same way? Would it not be easier to understand where the priorities should be and how the ship should be steered?

Dashboards provide real-time visualization of data through graphs, tables, and other visualization techniques. Through the use of dashboards, the complexity of large volumes of data gets stripped away and instead gets presented through manageable, digestible chunks of information so companies can focus their attention on the areas of the business that need it most. The dashboards then serve as a common ground for further dialogue and present information to everyone in a way that is mutually understandable.

Although the data represented in dashboards can be gathered through multiple reports and sometimes multiple reporting systems, consolidating the data into one unified source provides a highly effective tool to generate actionable insight.

Crossroads RMC's Analytics Dashboard provides a pre-built connection to Infor LX / BPCS and Infor LN / Baan and includes a full suite of ready-to-use, standard dashboards that can jump-start collaboration between your finance and production departments.

Learn more about Analytics Dashboard for Infor LX & BPCS> 

Learn more about Analytics Dashboard for Infor LN & Baan> 

See some examples below:

Production Order - Click to Enlarge

Production Order - Click to Enlarge

Labor History Click to Enlarge

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Tips:  LX | BPCS | M3

What items should be MPS planned, and what items should be MRP planned…

Master Scheduled Items are those items that are finished goods, or service items, that receive their requirements either specifically from Independent demand, or both Dependent and Independent demand.

  • Independent Demand is demand that cannot be calculated from higher level demand in the product structure, and therefore must be either a forecast or an actual customer order (Finished Goods or Service parts sold to customers).
  • Dependent demand is derived from higher level demand in the product structure. Dependent demand includes components, raw materials, and sub-assemblies. (these are not normally Master Scheduled Items).
  • Service Parts may have both independent demand from forecast and/or customer orders, as well as dependent demand from higher level demand if that item is also used in other sub-assemblies or products.
  • Cumulative Lead Time is a concept used in Master Production Scheduling (MPS) that combines the “fixed” lead time, and the “variable” lead time needed to produce the product. It is the longest path through a given Bill-of-material. Based on the MPS setup options, Infor/ERP LX will calculate cumulative lead time (also called “the Critical Path”) for you (use the “indented BOM” display in BOM300 and find the item with the longest lead time “L/T”). Note: You may have to use Action 21, Line Detail, to see the “L/T” lead time for each item.

This is unfortunately becoming a common occurrence in today’s digital society and we are hearing about these sort of attacks quite frequently.

There are a few dos and don’ts when it comes to ransomware as recommended by Norton 360:   

  1. Do not pay the ransom. It only encourages and funds these attackers. Even if the ransom is paid, there is no guarantee that you will be able to regain access to your files.
  2. Restore any impacted files from a known good backup. Restoration of your files from a backup is the fastest way to regain access to your data.
  3. Do not provide personal information when answering an email, unsolicited phone call, text message or instant message. Phishers will try to trick employees into installing malware, or gain intelligence for attacks by claiming to be from IT. Be sure to contact your IT department if you or your coworkers receive suspicious calls.
  4. Use reputable antivirus software and a firewall. Maintaining a strong firewall and keeping your security software up to date are critical. It’s important to use antivirus software from a reputable company because of all the fake software out there.
  5. Do employ content scanning and filtering on your mail servers. Inbound e-mails should be scanned for known threats and should block any attachment types that could pose a threat.
  6. Do make sure that all systems and software are up-to-date with relevant patches. Exploit kits hosted on compromised websites are commonly used to spread malware. Regular patching of vulnerable software is necessary to help prevent infection.
  7. If traveling, alert your IT department beforehand, especially if you’re going to be using public wireless Internet. Make sure you use a trustworthy Virtual Private Network (VPN) when accessing public Wi-Fi like Norton Secure VPN.
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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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