Professional Accounting Blog

    Accounting For Your Prosperity

    What Are Job Shops and Why Are They Different?

    Posted by Scott A. Holter on Mar 21, 2019 4:10:58 PM

    Topics: ERP

    The manufacturing world is full of jargon and acronyms, and the term “job shop” gets thrown around a lot and is often misunderstood.

    This article defines some of the characteristics of job shops and identifies some of their unique challenges for ERP software. 

    1. Make to order supply chain strategy

    2. Limited finished goods inventory; inventory mainly held in raw material form

    3. Products made to each customer’s unique design and demand pattern

    4. Small batch production runs (as compared to repetitive manufacturers)

    5. Complex routings with long production lead times due to high product variability

    6. Relatively simple Bills of Material, often just a single raw material

    7. Functionally-organized plants (e.g. Milling separate from Grinding separate from Machining) with moves and queues between each step in manufacturing process

    8. Flexible, multipurpose equipment with low capacity utilization

    9. Complex scheduling requirements

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    Increase Efficiency & Profitability With the 5S Methodology

    Posted by Scott A. Holter on Mar 19, 2019 8:00:00 AM

    Topics: ERP

    We organize and clean at home. Doing the same at our manufacturing facilities and offices will increase both efficiency and our bottom line. This is Part 1 of a two-part series that discusses how manufacturing organizations can utilize the 5S methodology to establish a strong foundation of discipline needed to increase efficiency and profitability.

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    Benefits of Reducing Machine Setup Time

    Posted by Meaden & Moore on Mar 12, 2019 8:00:00 AM

    Topics: ERP

    Machine setup time refers to the period of time that is required to prepare a machine for its next run after it has completed producing the last part of the previous run. So why should you focus on reducing machine setup of your manufacturing process instead of focusing on reducing the overall run time? Although decreasing run times reduces overall lead times, shortened machine setup times will reduce your organization’s manufacturing costs as well as increase your flexibility to meet customer demands.

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    How MRP Helps Your Manufacturing Business

    Posted by Scott A. Holter on Mar 5, 2019 8:00:00 AM

    Topics: ERP

    Material Requirements Planning (MRP) systems are powerful tools that balance your supply and demand in your manufacturing operations. Today, many people refer to enterprise resource planning (ERP) systems as well. How do MRP and ERP relate to one another? ERP is an extension of the MRP concept and incorporates the fully integrated operation from order to cash to meet customer fulfillment and satisfaction.

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    Why Business Process Improvement Is Still Important

    Posted by Scott A. Holter on Feb 28, 2019 8:00:00 AM

    Topics: ERP

    Business processes are the foundation of your business and the building blocks upon which you construct your enterprise resource planning (ERP) system. When your personnel understand the processes, they can make connections between daily activities and value. ERP systems should be augmenting your business processes and leveraging the foundational knowledge of your personnel.

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    ERP Systems in 2019: Not Your Grandfather’s ERP

    Posted by Scott A. Holter on Feb 14, 2019 8:00:00 AM

    Topics: ERP

    My wife and I recently purchased a 2018 Pacifica, our seventh Chrysler minivan, and while I won’t try to convince anyone that the minivan has become a cool vehicle, this Pacifica is drastically different from our 1990 Dodge Grand Caravan.

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    Lean Blockchain

    Posted by Guest Blogger: Becky Morgan on Jan 28, 2019 10:06:23 AM

    Topics: ERP

    Meaden & Moore is proud to showcase informative blog posts written by guest bloggers to further educate our audience and promote thought leadership in the accounting industry. This guest blog post is courtesy of Becky Morgan, from FULCRUM.  

    The phrase "Lean Six Sigma" is nonsensical to me. It's like "lean 5S" or "lean SMED." Why would we select our favorite tool and slap it after lean? Similarly, lean blockchain makes no sense. The good news is that I don't think anyone is using that phrase!   

    But people are asking if blockchain is something that lean organizations should be using.

    As with most things, the answer is: "it depends."

    Blockchain is a relatively new database formatting methodology. It uses some very cool math (or awful math if you find elliptic curve cryptology boring) and some basic rules to create a secure (until quantum computing is here, and by then we'll have quantum blockchain) source of transaction history that cannot be edited.

    So why would anyone care?

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    What is "The Cloud" and How Does It Impact Your Business

    Posted by Scott A. Holter on Jan 8, 2019 10:16:30 AM

    Topics: ERP

    Cloud computing is the biggest technology change witnessed by the professionals at Meaden & Moore since Windows replaced DOS. Every technology company is staking a claim in “the cloud” and marketing itself as cloud ready. Despite all the marketing hype, we have identified many differences in approaches that could impact your business.

    At its core, the idea behind cloud computing is to remove the costs, time, and hassles that companies incur in the management and maintenance of their own IT infrastructure and applications. This is not a new concept as “hosted” solutions have been around for over decade, but the means by which it’s accomplished is changing dramatically.

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    Three Management Approaches to Choosing a New ERP System

    Posted by Scott A. Holter on Jun 27, 2017 3:35:29 PM

    Topics: ERP

    Once every 10-20 years, most manufacturers and distributors shop for a new ERP system. Some go through a quick, simple exercise to determine if their current system is adequate for the near-term while others go through an entire evaluation and selection process that culminates with a purchase and replacement.  Through our 20+ years of experience, Meaden & Moore has identified three approaches, each appropriate under their respective circumstances.

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    Manufacturing Lot Size Considerations for Inventory Reduction

    Posted by Scott A. Holter on May 17, 2017 2:32:00 PM

    Topics: ERP

    Below is an excerpt from our whitepaper, “You’ve Been Charged with Reducing Inventory. Now What?”, which provides a detailed look at various methodologies and ideas related to inventory reduction

    APICS and college-level classes teach us the Economic Order Quantity (EOQ) formula, which approximates the proper make or buy quantity per item that balances ordering costs with inventory carrying costs.

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