Grow Your Business with an ERP Solution

7 Strategic Ways to Grow Your Business with an ERP Solution

If you’ve reached a tipping point where the very tools and systems that supported your business growth are now hindering your ability to act with agility and insight. Keep your business going and growing with an ERP solution from Tridea.

  1. Simplify business processes

When the most simple processes, like invoicing and month-end closing can take hours…even days to complete, your need to automate repetitive tasks, streamline your supply chain and free up time for more important matters.

  1. Transform the way you work

The traditional workplace isn’t so traditional anymore, and business doesn’t stop because you’re on the road or working from home. Create, share and collaborate from virtually anywhere and put information at your people’s fingertips with one user experience that extends across your systems.

  1. Focus on what matters most

Don’t limit your view to past performance. Shape the future when you turn your business data into the information that helps your people and your company be more agile, responsive and focused on your customers.

  1. Establish internal controls

When users can make changes to journal entries or approve orders without proper workflows or audit trails, your company is at risk. Get greater control and reduce your chance of fraud.

  1. Be lean, stay lean

Reduce cost and complexity of managing your business when the systems you use to manage your business and the tools your people use to manage their calendar, email, and data all work together and all come from the same trusted source.

  1. Plan ahead

Database size, transaction, and user limits holding you back? Don’t put off business growth because your accounting software can’t keep up. Overcome constraints, identify and support new business, and be prepared for the future. A business solution from Tridea scales up or down as your needs change. Start with what you need now and scale up or down as your business needs change – in the cloud or on your servers – the choice is yours.

  1. Remove risk

Get started without disrupting your business or your cash flow. A business solution from Tridea is quick to implement, easy to use, and has the power to support your growth ambition.

Download our infographic to see more or visit www.trideapartners.com for information about our solutions for small and midsized businesses.

Microsoft Dynamics AX provides a Healthcare nonprofit more value while streamlining IT operations

In 2013, University of Colorado Medicine first engaged Tridea Partners to complete a rapid deployment of Microsoft Dynamics AX and simplify the delivery of financial reports, at the same time improving service levels for thousands of subscribers by providing more timely reporting with the details and in the formats they require. Today, Tridea continues to support the company’s ERP environment. “We can truly count on Tridea as our partner. They resolve issues promptly, respond quickly to everything we ask for, and are enjoyable to work with. Because they empower us to use our own skills more effectively, we accomplish better outcomes with less effort.”Rick Schwartz, PMP, Senior Project Manager, University of Colorado Medicine.

The story at a glance

Client: University of Colorado Medicine

Industry: Nonprofit – Healthcare business services

Solutions and services:

  • Microsoft Dynamics AX 2012
  • Microsoft SQL Server Reporting Services
  • Microsoft SharePoint Server
  • Tridea Partners implementation services and ongoing consulting

Business outcomes:

  • Improve service levels for healthcare professionals and clients with timely, efficient delivery of standardized and specialized reports
  • Enable improved financial control with greater visibility and current information
  • Reduce IT administrative workload, expenses, and the complexity of the technical environment
  • Provide planning and operational framework for realizing optimal value from technology

Download the full case study on University of Colorado Medicine here.

How IoT can build additional revenue streams for discrete manufacturers

If you speak to any discrete manufacturer, they will tell you that it’s getting even tougher to stand out to prospects and even their own customers with traditional product/service offerings.

While there are many ways to differentiate – with innovation sitting firmly at the heart – it’s a challenge with the pace that many manufacturers are working at just to keep up with their orders.

As one innovation leads to another, we find ourselves in a time of the Internet of Things, machine learning and advanced analytics where opportunities for continued innovation and development are better than ever.

IoT for discrete manufacturing

The advancement in sensors, devices, connectivity, machines and data insights have created a powerful combination that can unlock business value, drive innovation and take discrete manufacturing business to greater heights than ever before.

With the Internet of Things, discrete manufacturers have the ability to innovate in all areas of business, from the factory floor, through the supply and demand chain to product development and after sale service.

Manufacturers capitalizing on IoT benefits

Kuka Systems Group is a great example of a manufacturer who took advantage of the Internet of Things, creating a highly automated plant that connects as many as 60,000 devices and robots to a central data-management system.

With a streamlined management environment, the system is able to adapt quickly to changes in production requirements, and powerful new access to data allows KUKA to drive actionable insights into factory operations.

“We ship our customer a complete car body every 77 seconds,” explained Jake Ladouceur, managing director, KUKA Systems Group Toledo facility. “We don’t have time to adjust source code, and we can’t introduce something that isn’t trusted and proven. Our intelligent system built with Microsoft technology enables us to react very quickly.”

Opportunities for revenue growth

In addition to the key areas mentioned above where IoT can unlock value, it also has the ability to transform business models, providing new opportunities for revenue growth.

Today, selling a product to a customer is just the beginning of an ongoing, mutually beneficial relationship when a robust after-sale subscription based service program – using the Internet of Things – is established.

By harnessing the capabilities of IoT, you are differentiating, and delivering greater value to your customers by using data that helps you to understand maintenance requirements, new product opportunities and product improvement needs.

Becoming a consulting manufacturer

As a discrete manufacturer, you’re not typically seen as a consultant, but when you understand your customers patterns and needs, and you have access to data, you can help them to improve their processes and operations.

Using a software-licensing model, you can easily offer product enhancements through software updates and charge for the enhanced functionality based on a software maintenance and updates.

There are opportunities to charge for new levels of software support while simultaneously delivering a better customer experience too. As software allows for flexible product configurations, you can quickly, easily, and inexpensively package and price their devices to uniquely address new, emerging, or niche markets that would previously have been impractical or prohibitive due to costs.

The benefits of IoT

The benefits of using the Internet of Things in discrete manufacturing doesn’t just stop at building additional or alternative revenue streams. Further benefits of IoT include:

  • Reducing manufacturing and distribution costs
  • Product life extension
  • Maximizing the use of manufacturing assets
  • Increased customer loyalty and satisfaction
  • Improving time-to-market

The discrete manufacturing series

Our series focuses on five common problems discrete manufacturers are currently facing, and how to solve them, including case study examples of where discrete manufacturers have implemented our solutions and seen success. The full series includes tip sheets – available for download – on:

Write your ticket to business transformation

If business transformation is the best way to respond to disruption in your industry, what does that practically mean? Is there a step-by-step approach to mastering this?

 

The short answer: Yes, there is. But it’s not canned. You need to create it yourself, with the people and resources around you. It can be accomplished. Other companies have done very well transforming how they work and create value.

 

For company leadership, transformation is clearly personal, but it’s much the same across the organization. Transformation calls for resourcefulness, courage, and agility. You need to be ready to learn, question established ways of thinking and doing your job, and get more creative in serving customers.

 

Yet, disruption is not all hardship and discipline. There is a lot to look forward to. As Thomas Honoré and Tune Hein point out in their book, “Disrupt or die: Your guide to digital leadership challenges,” creative disruption may help us solve the world’s energy needs, accelerate medical treatment or healing in hospitals, or make our governments more service-focused and effective.

 

Today’s transformative technologies help companies channel disruption into strategies they can adopt and pursue. For instance, what we used to call “big data” is really an opportunity to use analytical and intelligence tools to make sense of the data masses in your company. You may find that you need the right kind of data to start with.

 

For example, some manufacturing transformations have begun with the companies collecting live data from their machinery and production environments, and subjecting them to analytics to see how their industrial assets and production processes perform at any moment, in any shift. Retail companies have augmented their stores of customer histories and transactional data with up-to-the-moment research into current developments in customer preferences and markets.

 

Based on real-time data and analytics from their operations and market segments, manufacturing and retail companies can better understand how disruptive events might affect them and how they can ride the wave – introduce faster, more targeted innovation, for example, or build closer customer engagements around a better customer experience.

 

Other technologies may be helpful in fueling transformation, as well. The internet of things (IoT), 3D-printing, robotics, and even cloud computing and modern mobility can play a role in transforming your business and ensuring its long-term viability. One of your early challenges is selecting an area of the operation that offers ample opportunities for improvement and using it as a proof-of-concept for a well-planned, low-risk transformation initiative, using technologies you can easily access.

 

After that, you can steer the transformation of your processes, business groups, products, and other parts of the operation into the direction that’s best for the company and its customers.

 

Download a free excerpt from “Disrupt or die: Your guide to digital leadership challenges” here. You can also view and download our infographic about disruption and transformation in the manufacturing industries.

A guide to solving compliance problems for discrete manufacturers

Non-compliance has the ability to destroy the reputation of any company, and its balance sheet, overnight.

Manufacturers are trying their best to combat challenges from low cost overseas competitors, by rising up the value chain and embracing the demand for higher quality standards.

Manufacturers are under greater pressure than at any time in history; trying to meet the ever-higher quality standards of their blue-chip customers, while fighting off competitors from low-wage offshore locations – and staying afloat in a stagnant economy.

Unsurprisingly some companies are buckling under the strain, especially as their compliance burden grows. After all, “every company is just one bad decision or just one ‘bad employee’, away from scandal”.

Let’s take a look into how discrete manufacturers can effectively manage the problem of compliance:

Business Process Modeling

Innovations in supply chain management and reporting software have enabled manufacturing companies to achieve better compliance performance through enhanced certification and specification tracking procedures. Working with your suppliers, the crucial information can be transmitted electronically, and then sorted, organized, and filed according to shipment dates and parts numbers.

Documenting these business processes should be done with a tight reference to IT systems, and needs to not only include the processes themselves, but also how system security and data audit is management, software such as Columbus Rapid Value, and Dynamic Security Management can help you to check those boxes.

Version control is also critical for ensuring that changes are managed and published correctly.

Quality management

A major concern of discrete manufacturers is that defects can take years to surface. With the need to continually release new models to stay competitive and satisfy customer demands, managing defects plays a significant role in the ability to stay competitive and profitable.

Quality management is key to a manufacturers’ ability to respond more effectively in product recall situations, ensuring consumer safety and mitigating risk and litigation exposure.

Processes must also include the appropriate control points to ensure that quality of materials, conversion processes and finished goods are as expected. Where a non-conformance is identified, root cause analysis needs to take place and corrective actions initiated and managed through to conclusion. This process can be supported by having full supply chain visibility and therefore being able to trace back to the start of the operation.

Traceability

The key purpose of traceable manufacturing is its ability to help manufacturers easily determine when a problem occurred and its associated details. It takes two forms. The first is known as product tracking, which is the capability to follow the path of a specified unit of a product through the supply chain as it moves between organizations. Products are routinely tracked for obsolescence, inventory management, and logistical purposes.

The second form, product tracing, is the capability to identify the origin of a particular unit and/or batch of product located within the supply chain by reference to records held upstream in the supply chain. Batch segregation helps in sorting out problems because when you determine which batch is bad, you only have to get rid of that single batch rather than destroying all of the products. This helps companies save on resources.

Traceability is another key component to maintaining compliance with manufacturing regulations.

How ERP can help

Admittedly such a project will take time, effort, finance and a genuine partnership with the correct software developer – as different manufacturers will require different solutions, and each niche industrial sector will have different regulatory and compliance challenges.

However, “an integrated ERP system … will give you the necessary support in adhering to the regulations, will not slow you down, but will free you to concentrate on manufacturing” says David J Caruso, a long-time specialist in manufacturing, supply chain and technology transformation strategies. Caruso has worked on ERP implementations for global brands such as Johnson & Johnson, Sun Microsystems, Rolls-Royce Motors and American Standard.

Learn more about how ERP can help to solve common discrete manufacturing problems, such as managing compliance by taking a look at our discrete manufacturing series below.

The discrete manufacturing series

Our series focuses on five common problems discrete manufacturers are currently facing, and how to solve them, including case study examples of where discrete manufacturers have implemented our solutions and seen success. The full series includes tip sheets – available for download – on:

How manufacturers can build additional revenue streams

How manufacturers can improve time-to-market

How to successfully manage mixed-mode manufacturing

How manufacturers can maximize the use of assets

How manufacturers can manage compliance effectively