Insightful » Controller

Do all signs point to an unorganized implementation of Order-to-Ship?

ryan.alford — Thu, 01 Jul 2010 17:00:37 +0000

It’s not an easy job. An optimized Order-to-Ship business process offers continual progress towards improved cost control and delivery performance.

However, there might be a few challenges in the systems, including:

Rework to correct data accuracy issues
Late shipments and setbacks in delivery performance
Increased customer complaints
Time spent on complaint resolution
Poor management of backorders
Inefficient order processing and fulfillment
Untimely invoicing
Diminished cash flow and sales margins

In an Aberdeen Research study called “Working Capital Optimization: Increase Cash Flow in the New Economy,” author Nari Viswanathan said that “Best-in-Class companies are 30% as likely as all others to use cash conversion metrics as part of their supply chain organization metrics. Companies that embed cash conversion metrics into the set of supply chain metrics are twice as likely to have reduced their cash conversion cycle over the past year (45% versus 21%). Some of the key metrics that have been adopted as part of the process are: Sales forecast accuracy, on-time shipping, on-time delivery, inventory turns, logistics costs as a percentage of sales, and gross profit margin.”

Achieving an on-time shipping and delivery system is an industry standard met by few. Using JD Edwards can get you on your way, but will only take you so far.

To read more, click here.

Author: ryan.alford

Ryan is the Internet Marketing Manager for InsightSoftware.com.

JD Edwards Executive Luncheon in Greensboro, NC

ryan.alford — Wed, 09 Jun 2010 20:34:36 +0000

Bring your appetite and join InsightSoftware.com and brij for a sumptuous meal and great networking on June 23, 11:30-1:30. You will see why InsightSoftware.com is quickly becoming the reporting tool of choice within the JD Edwards community.

With Insight you truly revolutionize operational reporting throughout your organization. Insight supplies solutions for functional areas such as: Finance, Human Capital, Supply Chain, Manufacturing and Project and Asset Management. Insight goes beyond mere reporting to drive productivity and profitability gains throughout your organization.

Leave with knowledge of the solutions that can help you optimize your business processes, all over lunch. We will treat you to lunch at the UNDERCURRENT restaurant . Click here to RSVP.

User Group meetings on the horizon:

Rocky Mountain User Group on June 10: http://bit.ly/diOd8T

JD Edwards Southeast Regional User Group in Atlanta, GA on June 17: http://bit.ly/9ewZJR

Eastern Canada Regional User Group on June 21 in Mississauga: http://bit.ly/9zCbOF

Author: ryan.alford

Ryan is the Internet Marketing Manager for InsightSoftware.com.

Forecast-to-Make: A Structurally Sound Process?

ryan.alford — Tue, 01 Jun 2010 16:47:24 +0000

Do you experience materials shortages and capacity constraints? It’s vital to increase productivity and information accuracy by proactively ensuring that key managers and users can access accurate and timely information to make sound, in-the-moment decisions.

Running a world-class operation starts with the necessity for at least 99 percent accuracy of Item Master data. For many, this is easier said than done. However, with the correct tools the accuracy of Item Master records, Bills of Material, and Routings can be assured.

Once this initial foundation is secured, then focus turns to proactively optimizing scheduling to maximize available capacity and ensure availability of raw materials. Again, although JD Edwards stores meaningful information in these areas, many struggle to access real-time actionable information that enables optimized processing. Finally, having a full grasp of manufacturing cost variances and their drivers can make the difference in driving increasingly lower costs and fewer surprises.

With the correct tools you can unlock the rich data stored in JD Edwards to ensure the following: manufacturing tactics are aligned with the corporate strategy; forecasted demand matches market requirements; manufacturing processes are tuned to meet forecasted demand; and that ongoing reduction of cost and variances is possible.

To read more, click here.

Author: ryan.alford

Ryan is the Internet Marketing Manager for InsightSoftware.com.

Resolving a Life of Frustration as a Corporate Controller

Phil Walton — Sun, 11 Oct 2009 14:47:20 +0000

Do you get those jokes about being in the bookkeeping department? Is it a Herculean effort for you to produce the monthly accounts (only to feel foolish that you have to field questions that you could have answered proactively with more time to interpret the numbers)? Why is it only the finance department that seems to want an integrated system? Why is your most exercised skill the art of spreadsheet pivot tables?

I was a Controller and it was miserable. With the benefit of hindsight, a stint as an IT Director (and yes folks, it’s not as easy as it looks), a role now where I see many different finance organizations (or all shapes and sizes) and plenty of red wine. I think I know why.

The integrated ERP has lost its coolness. I say we make ERP cool again, and I think there’s nothing more hip than JD Edwards.

Author: Phil Walton

Phil Walton is an Certified Accountant and has been a Controller, then IT Director, in California over a global JD Edwards E1 installation and, having selected and implemented Insight himself to address the growing controls problems and efficiency weaknesses caused by spreadsheets, joined InsightSoftware.com in 2006 as Regional Manager for the Western Region and in 2011 became the VP of Sales, Americas. Phil has presented at Open World and Collaborate conferences, and many Quest and local User Groups.