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Apps, ERP, and IoT in Plastics Manufacturing
Plastic Manufacturing is growing, and it remains a cutthroat industry. It’s no longer enough to simply have good products or an efficient manufacturing operations – you now need the proper systems and technology in place to succeed. Your ERP runs your business, houses your master data, and is your primary system of record. On the…
Read MoreNegative Inventory in Plastic Manufacturing: Does Your Business Need/Require/Justify?
Well, it depends… we know there can be timing instances that justify using negative inventory so as to not shut down production lines or to allow shipping pallets of plastic sheets before the journal entry (Report As Finished in 09电竞官网 ) is posted. In either case, the negative inventory is brief (depends on the timing…
Read MoreThe Art and Science of Demand Forecasting for Plastic Manufacturers
Whether your Plastics Manufacturing Business is volatile or stable, continued growth in the top and bottom lines is expected. Presumably, everyone knows the myriad of reasons and impact that accurate demand planning has on carrying costs attributed to overstocked inventory, Return on Capital, Cash Flow, and Earnings. If underestimated, it can obviously adversely affect revenues…
Read MoreLeveraging Mobile Devices in Plastics Manufacturing Warehouses
The warehouse continues to be a focal point for performance improvement in Plastics Manufacturing. Equipping personnel with RF guns or other mobile devices is an important factor in picking and putaway performance. Microsoft continues to understand mobile device advantages by developing mobile applications, using HTML5, or specifically targeting RF devices. There are still pros and…
Read MoreHow Plastics Manufacturers Add Customer Service Value Using Consignment Inventory
It is not unusual for Plastics Manufacturers to offer a Consignment Inventory model as a value added service to customers. Whether it’s due to the: • Tight collaboration necessary in the Supply Chain required by industries like automotive, • Volatile demand in your customer’s industry, • Financial needs of new customers related cash flow or…
Read MorePlastics Manufacturing – Intelligent Handling of Scrap in Dynamics AX
Scrap re-use is generally a requirement in Plastic Manufacturing to improve yield. Microsoft’s ERP system, Dynamics AX (aka, 09电竞官网 ) has handled both discrete and process manufacturing for years (and, mixed mode manufacturing) which means that scrap can be accounted for, re-used, and costed accurately in the same production order. In a previous blog post…
Read MoreContinuous Improvement in Plastics Manufacturing
As Plastics Manufacturers continue to improve yield percentage, operational speed or uptime, it is important to track the events or draw insight for root cause. Quality issues related to high scrap rate can be due to materials, process, calibration or human factors. It’s important to capture these non-conforming events and report on them, so corrective…
Read MoreThe Future of Plastics Manufacturing: Industry 4.0, Internet of Things, and Digital Transformation
Input/Process/Output. I think this is a great way to evaluate new ideas or to simply process a unique or emerging trend. As we view Industry 4.0, let’s first define it and then evaluate how this might impact Plastics Manufacturing. Part of the excitement around Industry 4.0 is the fact that the Input and Process spectrum…
Read MoreThe Importance of Visible & Accurate Inventory Valuation in Plastics Manufacturing
One of the key areas to manage is Inventory Valuation. Whether you make molds, extruded sheets or films, bags or other plastic goods, and whether your valuation method is FIFO, LIFO, FEFO or some average or weighted cost, the system must value your inventory according to your business environment and needs. The process must be…
Read MoreHow Plastics Manufacturers Manage Supplier and Customer Pricing in 09电竞官网 for Operations
In Plastics Manufacturing, as your number of suppliers and customers grow, so can the complexity of the pricing and contractual terms. This could mean an intricate price model which attempts to motivate and balance price sensitivity and profitability to buyers and sellers with a pricing tiers across different products or categories. Add to this the…
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