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A Must-Visit in a Sea of Awesomeness at IMTS 2018
We get it, there is A LOT to see and A LOT to do at IMTS next week in Chicago. This is the largest Manufacturing Technology show in the United States, taking place at McCormick Place from September 10-15. Over 115,000 industrial decision-makers will be in attendance from all over the world. With multiple buildings…
Read More09电竞官网 – “What Ifs” in The Product Configuration Model
Configuration-based Product Configuration Model in 09电竞官网 for Finance and Operations allows to pre-define products with a set of rules and restrictions. The attributes of a product are pre-determined in a model and relations between the attributes are set. Let’s consider a Product Configurator example for a manufacturer of custom Plastics products – a topic…
Read MoreExploring Dynamic 365 For Plastics Manufacturers: Who Moved My Inventory?
Anybody familiar with the plastics industry knows, inventory is a moving target both literally and figuratively. Silos, feed tubes, gaylords, and blenders are used to move inventory throughout the production facility and feed the lines that make products. In some cases, production lines may have a closed loop system where trim and scrap pieces can…
Read More3 Tech Trends in Plastics Manufacturing for 2018
Implementing and successfully using new technology is crucial to sustained success. While none of the technologies listed below are necessarily “new”, they have made huge strides in the past few years and adoption by the plastics manufacturing industry is beginning to accelerate. Cloud Technologies It may be a scary thought to many businesses – migrating…
Read MoreDigital Transformation in Plastics Manufacturing: The Microsoft Advantage
Input – process – Output. I’ve used this thinking for years especially in software to help understand functionality and more importantly how to improve business processes, especially within an ERP solution. See – https://ellipsesolutions.com/the-future-of-plastics-manufacturing-industry-4-0-internet-of-things-and-digital-transformation/ . It’s a way to not only understand process flow but also to understand transformation and how value is added along…
Read MoreUsing Rebates to Drive Revenue in Plastics Manufacturing
If you don’t care about driving profitable Plastics Manufacturing revenue, you can stop reading right now. Rebates are an incredibly fair way to discount products since the rebate (discount) is based upon actual sales, not projected. And, you control the complexity or simplicity of the program dependent on your sales requirements. The goal of rebates…
Read MoreA Taste of Sales Forecasting Using Azure Machine Learning
The concept of Machine Learning is not all that new, though better tools and technology have opened the door to new use cases and applications. It can be daunting, but the best place to start is with an abundance of data. While some data may not seem particularly important, if it is easily accessible it…
Read MoreResin Price Visibility Protection in Plastics Manufacturing
What did you pay for the resin (PP, PS, PE, PET, PVC, etc.)? It’s like something out of a James Bond movie… Whether it’s for competitive reasons or some sales guy who’s trying to negotiate a better deal, pricing is a sensitive subject and what you’re paying for a raw material that makes up a…
Read MoreManaging Purchase Order Lead Times in Plastics Manufacturing
In Plastics Manufacturing with resin and additive price fluctuations, sales forecast volatility, and varying levels of self-imposed risk, it is important to manage procurement. Minimizing inventory and the holding costs associated can sometimes take a backseat if other volatility warrants possibly over buying. Strategies around what, when and how much will always be important to…
Read MoreBuilding Intelligence Into Your Plastics Manufacturing ERP System
Intelligent ERP. This phrase is gaining momentum and it’s being spurred by Digital Transformation. Plastic Manufacturers are always looking for performance improvements to allow selling and producing more with fewer resources at a lower cost. While Machine Learning, Artificial Intelligence and other advanced analytics offer exciting opportunities in areas where predicted outcomes can make a…
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