Register for Third Wave’s Upcoming Paid Training: Managing Manufacturing Operations in SAP Business One 9.1

Third Wave is pleased to announce our next paid training class: Managing Manufacturing Operations in SAP Business One 9.1. The class will take place on Wednesday, January 21st from 1:00-3:30pm ET (12:00-2:30 CT/10:00am-12:30pm PT). The cost of this training is $99.

The class will cover:
Bill of Material:

• Review of new line item types: resource and text
• Grouping line items based on process flow
• Mass updating of BoMs

Production Order:

• Setting up production orders to match your production process flow
• Additional line types inherited from the Bill of Material
• Adding setup items to a Production Orders
• Defining row level WIP accounts

Click here to register now!

Why Implement an ERP System?

Implementing an ERP system for inventory management allows an organization to increase control to reduce inventory costs. It provides an organization with the tools to optimize inventory levels, achieve real-time synchronization of goods receipts and inventory warehouse levels, manage inventories using various costing models, record goods receipts and issues, track stock locations and transfers, enables consignment, drop-ship, perform inventory counts, cycle counts, and much more.

Inventory Management Analytics

The ERP system gives a company the tools to track inventory in the most efficient and effective ways. For example, as soon as an order is shipped, the inventory levels are updated in the system. As stock levels change, notifications can be set to automatically alert the appropriate staff that they need to replenish inventory to meet customer demands.

An organization can precisely prepare for inventory updates by using a guided process called Materials Requirements Planning (MRP). This process provides a clear vision into gaps between existing inventory levels and forecasted demand for each inventory item. Additionally, MRP produces alerts and replenishment orders to keep an organizations inventory at the ideal level.

Through tracking and studying inventory, an organization company is able to perform demand forecasting. The ERP system provides an organization with the ability to predict demand, based on a multi-level forecast instead of relying exclusively on actually received orders. These forecasts enable users to foresee future demands for the product and alter material planning accordingly.

Learn More: The Best ERP System for Inventory Management

ERP Systems Calculate Costs

In addition, the ERP system delivers an organization with the capability to calculate the landed costs of inventory in order to follow more effective pricing strategies. After all, if an organization cannot determine inventory valuation, then their pricing strategies are just estimations, leading to missing revenue.

To learn how an ERP solution can help improve inventory management for your business, contact Third Wave Business Systems.

Evaluating your business management processes

Wondering if SAP Business One is the right organizational management solution for your business? Let’s start by evaluating your current company processes and business goals. If you envision long-term growth and seamless centralized management, you’ll want to keep reading.

Now is the perfect time to re-evaluate the decisions made that have had both positive and negative impacts on your businesses. It’s critical to comprehend strengths and weaknesses to determine what might hold your business back from growing.

While evaluating where your company is headed, are you able to:

• Streamline and automate your financial procedures and make the right decisions using complete financial management tools?
• Manage your inventory proficiently and efficiently, optimize your inventory levels, lessen inventory costs and increase business insight with real-time reporting?
• Improve sales procedures and client satisfaction with influential tools offering a complete view of your customers?
• Find new ways to save money by enhancing your purchasing process and automating activities from purchase order creation to merchant invoice payment?

If you answered NO to any of these, it’s time to start thinking about a complete organizational management solution.

SAP Business One

SAP Business One is a practical, user-friendly business management software created specifically to accommodate business demands of small to mid-size companies. SAP Business One uses an integrated system to administrate pivotal aspects of business such as sales, distribution, financials, manufacturing and Customer Relationship Management (CRM), all within a consolidated system.

Let Third Wave experts help

At Third Wave, we prepare businesses for long-term growth using the power of SAP Business One. As an SAP Gold Partner, our experts optimize SAP Business One for consumer products, apparel & footwear, medical devices, and other types of manufacturers and distributors.

Are you interested in finding out how SAP Business One can position your business for growth in the future? Contact the experts at Third Wave to learn more!

Executives are being urged to go beyond business intelligence (BI) to create brand new capabilities and models based on “Big Data.” Studies continue to reveal that enterprises with a significant investment in Big Data are generating excess returns and outpacing their rivals by a significant amount. Despite these advantages, many businesses are failing to exploit Big Data effectively due to lack of knowledge and confidence on where to start.

Questions to ask when getting started with Big Data

CEOs and executives everywhere are eager to start mining this opportunity, but beyond the high-level expectations set by thought leaders and consultants, very little practical guidance exists. Many questions remain unanswered, such as:

• How am I supposed to build this business program?
• What are the practical steps my organization needs to take?
• Who should lead this? Is my CIO’s team capable of delivering on this, or do I need to task someone else?
• When should I expect to start seeing returns on this, and where will they come from?
• What do we want to build as a core capability, and what do we want to outsource to technology vendors? What is the plan to build the core capability?

Understandably, many organizations are struggling to figure out where to begin in defining their Big Data strategies, let alone how to mature their Big Data capabilities.

Challenges to Big Data

From a business perspective, a successful Big Data initiative requires a combination of vision, talent, and tools to extract value from vast reserves of data that can be applied to customers, suppliers, processes, the bottom line, and business growth.

From an IT perspective, there are challenges around infrastructure and architecture. These can be addressed with a trusted technology partner such as SAP Business One, that has provenance in transactional, analytic, mobile and machine-to-machine.

The key is to focus on the opportunities and rewards of Big Data initiatives rather than getting stuck in endless discussions about technology. The technologies supporting this space are evolving so fast that investing in capabilities is more important than investing in individual pieces of hardware and software.

Just the thought of initiating an integration project cause headaches to any CIO and project manager. The amount of brainstorming, manual work, and planning that is needed can seem intimidating, but with tools like Bizweaver, synchronizing business data and streamlining day-to-day processes can become a simple task.

The pain points of an integration project

Many factors have to be taken into consideration such as having the correct staff levels to combat development time frames or which drain resources from necessary everyday activities. When the project grows, you stumble into unexpected delays, compromises, and endless automated data queries caused by ‘fault lines’ between integrated systems.

You might be thinking:

• Should I pay to outsource this project to meet the deadline?
• Do we need to bring in a new member of staff to cope with the workload?

The simple answer is probably not. Software application integration and business process automation don’t have to be complicated, nor does it have to be expensive.

SAP Business One’s integration framework is flexible.

Fortunately for IT professionals, SAP Business One has been designed to provide a flexible and easy-to-use framework, with clear functionality to facilitate integration scenarios with SAP certified third-party software.

This flexible SAP Business One integration framework enables Bizweaver for SAP Business One to remove the need for complex coding by providing a large selection of user-friendly tools. This allows anyone with a basic understanding of their unique database structures to build integrations alongside practically any number of automated business processes that are necessary between your business systems, applications, and web services, regardless of how complex the requirements.

Benefits of Bizweaver include:

• SAP certified integration solution
• No coding required to protect your SAP Business One upgrade path
• Supports SAP Business One database objects
• Reduces costs and time frames of integration and business process automation projects

How easy is it to implement Bizweaver?

In the first instance, SME’s look for software application integration tools that are easy to install and use. Bizweaver tasks can be easily created by anyone with a basic understanding of your business’ database structures and combined with Third Wave Business Systems knowledge and experience in implementing Bizweaver to suit your exact requirements, your next integration and business process automation projects couldn’t be easier.

Want to know more about how Bizweaver can simplify your integration projects, and the added functionality it can provide your organization? Contact our experts to talk about how you can make integration projects a walk in the park.

The bottom-line benefits of SAP Business One provide a unified solution for managing your entire organization. This solution automates crucial organizational processes to improve operational efficiency while integrating all business information to drive decision making. With clear visibility throughout the entire organization, you can increase the control you have over every organizational area, see who your best clients are and how you can serve those clients better.

Bottom-Line Benefits of SAP Business One

• Proactively develop your organization by streamlining operations instead of reacting to the particulars of daily tasks
• Respond rapidly to client needs by promptly accessing the information necessary to make confident organizational decisions
• Eradicate useless data entries and errors with one integrated solution that improves process effectiveness diminishes costs and delays, and build up your bottom line
• Strengthen client relationships by gaining access to centralized information that makes it simpler to manage client communication
• Choose the deployment option (in-house or cloud) and platform (SAP HANA or Microsoft SQL Server) that best suits your organizational needs
• Reduce technology costs and speed time to value with a solution that can be implemented faster, is simple to maintain, and is easy-to-use and understand

Manage your business while you’re on the move with the SAP Business One mobile app for iPhone and iPad devices. This app allows you to access your SAP Business One application in real-time – so you can stay informed about your organization, even if you’re not at the office.

App features include the capability to:

• Generate, edit, or view sales opportunities, sales quotations, and sales orders
• Manage tasks, activities, and approvals in addition to handling service calls and warranties
• Manage sales leads together with client and seller data
• Monitor inventory and access detailed item data
• Access built-in, personalized dashboards and reports from SAP Crystal Reports software

Related: SAP Business One Web and Mobile Portal

The SAP® Business One application offers an inexpensive way to manage your whole organization, from sales and client relationships to financials and operations. Designed for small to mid-sized businesses and sold by SAP partners, this app allows you to streamline your business processes, act timely on business information and drive profitable growth.

Contact us to find out more about SAP Business One.

 

 

SAP Business One enables sound decisions by capturing all critical information across sales, customers, operations, and finance – making it instantly available company-wide.

By integrating this data into one system instead of multiple disconnected spreadsheets, it eliminates duplicate data entry, costs, and related errors. Workflow-based alerts trigger automatic responses when important business events occur, allowing you to focus on the most critical events. You have clear visibility into how your business is performing and greater confidence in the information used to make decisions.

Together with the fully integrated SAP Crystal Reports software, SAP Business One delivers dashboards and reports that provide insight into all business areas. Intuitive, interactive drill-down functionality helps you get answers to your most pressing questions. Employees can address customer needs faster, and managers can accurately track revenues, costs, and cash flow to assess performance and take quick corrective action.

For even faster information access, optional analytics powered by SAP HANA are available for SAP Business One. This solution takes real-time reporting and data analysis to the next level, making it easier for users to search SAP Business One for the information they need and create standard or ad hoc reports in real time