Manufacturers are improving delivery performance, reducing purchasing and materials costs, and minimizing supplier risks by adopting integrated supply chain ERP systems. By combining the supply chain, production, accounting, and finance data in a single integrated supply chain ERP system, manufacturers can achieve greater control and visibility across their operations. For the first time, manufacturers can see the impact of the supply chain, sourcing, production, and quality management decisions on the financial performance of their businesses. Manufacturers are adopting integrated supply chain ERP systems to achieve higher levels of sustainability and lean manufacturing. Managing and leading a manufacturing business using an integrated supply chain ERP system ultimately delivers greater volume flexibility and market responsiveness. <\/p>\n\n\n\n
Benefits of Supply Chain ERP Systems <\/strong><\/h4>\n\n\n\nManufacturers relying on supply chain ERP systems are achieving\nthe following results: <\/p>\n\n\n\n
- A single system for managing all suppliers and knowing accounting and financial data in real-time based on inventory transactions <\/li>
- More effectively managing all distribution channels as a single, unified system with visibility across each distributor network <\/li>
- Improving the level of inventory turns and inventory management efficiency <\/li>
- More accurate and real-time inventory management and cost control <\/li>
- Improve sales effectiveness including upsells and cross-sells by having more products available for sale based on real-time supply chain visbility<\/li>
- Improve product quality levels and compliance with greater traceability and visibility across the entire supply chain network<\/li>
- Improve customer satisfaction by meeting delivery dates <\/li>
- Achieve greater financial control over each distribution center<\/li><\/ul>\n\n\n\n
Lessons Learned From Global Interconnect <\/strong><\/h4>\n\n\n\nThe lifeblood of any business is its supplier relationships, and the best-run supply chains are built on a solid foundation of trust. The results being achieved by Global Interconnect (GII)<\/a> today, a worldwide provider of custom-engineered cable assemblies, connectors, and components, illustrates how supply chains integrated into ERP systems improve product quality by increasing supplier trust. GII is a global leader in the development of cables, connectors, and components for medical applications including electrosurgical tools and critical patient monitoring devices with zero failure requirements. Every manufacturers\u2019 supply chain is unique, designed and modified over time to meet the changing demands of a business. Here are the challenges and results GII solved with an integrated supply chain ERP system:<\/p>\n\n\n\n- Counterfeit\ncomponents, connectors, and assemblies make their way into plastics supply\nchains, representing a major risk to GII\u2019s zero failure requirements.<\/strong>\nThe threat existed of counterfeit products leaking into their supply chains\nwhen they were relying on a legacy MRP system to manage a broad base of\nsuppliers across Asia. GII\u2019s senior management team went as far as to source\nparts domestically to make sure they weren\u2019t counterfeit and then shipped them\nto their supplier factories in Asia. Manual calculations of needed components\nbased on finished assembly usage and inventory levels at the factory took\nvaluable time away from production. Migrating to an integrated supply chain ERP\nsystem solved the problem, and today GII can enforce its quality standards\nacross every supplier and factory.<\/li><\/ul>\n\n\n\n
- Manually\ncollaborating with suppliers in locations several time zones away, including\nHong Kong and China was taking hours out of every workday, making it more\ndifficult to keep production schedules up to date<\/strong>.\nGII was finding that their manually-based approaches to collaborating with\nsuppliers across the world were taking a significant amount of time each day.\nOnce an integrated supply chain ERP system was in place, supplier management\nbecame much easier. Forecasts are now shared in real-time, and quality by\nshipment and supplier is measured. <\/li><\/ul>\n\n\n\n
- Accounting\nfor inventory with a manual backflush process was the only way to get an\naccurate inventory figure.<\/strong> It would take on average three hours of\nwarehouse management analysts\u2019 time to complete an initial inventory. Their\nresults would then be crosschecked by several members of the team. Further\nslowing down inventory reconciliation was the problem of the legacy accounting\napplication not integrating with purchasing, so invoices ready to be paid would\nrequire manual approval as well. <\/li><\/ul>\n\n\n\n
- Having\nto manually enter invoices into their accounting system, then performing check\nruns turned into major delays paying suppliers.<\/strong>\nIncoming receipt of materials was being tracked and process entirely using a\nmanual process. First, receiving would bring in the packing slip, match it with\nthe purchase order, approve it and give it to accounting. But such a practice\nrequired someone to manually enter the invoice into their accounting system,\nrun it, and then perform their check run.<\/li><\/ul>\n\n\n\n
How\nGII Benefits From An Integrated Supply Chain <\/strong><\/h4>\n\n\n\nGII is an example of how integrated supply chain ERP systems are making solid contributions to manufacturers who rely on complex supply chains. By replacing manual processes with a system that integrates accounting, purchasing, sales orders and inventory in a single system, GII was able to achieve the following: growing sales by 50% within four years, increased total productivity by 25% and reduced time spent on accounting and received by 50%. They were also able to improve medical device compliance and now have an entirely automated approach to generating shipping documents.<\/p>\n\n\n\n
Conclusion\n<\/strong><\/p>\n\n\n\nThe more challenging the competitive and compliance demands in any industry, the more crucial an integrated supply chain becomes. GII\u2019s experiences illustrate how any manufacturers can get bogged down with manual workflows that are prone to error and are, at the very least, a waste of valuable time. By adopting an integrated supply chain ERP system, manufacturers can remove the roadblocks in the way of achieving higher product quality and build stronger trust with suppliers. <\/p>\n\n\n\n![\"Download](\"https:\/\/blog-assets.solidworks.com\/uploads\/sites\/17\/Ultimate-Guide-EBook-Blog-CTA-2.jpg\")
<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"A Supply Chain ERP system orchestrates and optimizes forecasting, pricing, procurement, sourcing, and inbound product quality levels across the many supplier relationships manufacturers have, providing real-time accounting and financial reporting of each transaction. Supply Chain ERP systems provide Electronic Data<\/p>\n... Continued<\/a>","protected":false},"author":559,"featured_media":3987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25,26,27,29],"tags":[109,145,260,261,262],"class_list":["post-3986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-manufacturing-across-america","category-manufacturing-trends-and-news","category-erp-technology-and-automation","tag-erp","tag-integrated-erp","tag-supply-chain-costs","tag-supply-chain-erp","tag-supply-chain-management"],"acf":[],"_links":{"self":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/posts\/3986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/users\/559"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/comments?post=3986"}],"version-history":[{"count":0,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/posts\/3986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/media\/3987"}],"wp:attachment":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/media?parent=3986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/categories?post=3986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/tags?post=3986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Lessons Learned From Global Interconnect <\/strong><\/h4>\n\n\n\nThe lifeblood of any business is its supplier relationships, and the best-run supply chains are built on a solid foundation of trust. The results being achieved by Global Interconnect (GII)<\/a> today, a worldwide provider of custom-engineered cable assemblies, connectors, and components, illustrates how supply chains integrated into ERP systems improve product quality by increasing supplier trust. GII is a global leader in the development of cables, connectors, and components for medical applications including electrosurgical tools and critical patient monitoring devices with zero failure requirements. Every manufacturers\u2019 supply chain is unique, designed and modified over time to meet the changing demands of a business. Here are the challenges and results GII solved with an integrated supply chain ERP system:<\/p>\n\n\n\n- Counterfeit\ncomponents, connectors, and assemblies make their way into plastics supply\nchains, representing a major risk to GII\u2019s zero failure requirements.<\/strong>\nThe threat existed of counterfeit products leaking into their supply chains\nwhen they were relying on a legacy MRP system to manage a broad base of\nsuppliers across Asia. GII\u2019s senior management team went as far as to source\nparts domestically to make sure they weren\u2019t counterfeit and then shipped them\nto their supplier factories in Asia. Manual calculations of needed components\nbased on finished assembly usage and inventory levels at the factory took\nvaluable time away from production. Migrating to an integrated supply chain ERP\nsystem solved the problem, and today GII can enforce its quality standards\nacross every supplier and factory.<\/li><\/ul>\n\n\n\n
- Manually\ncollaborating with suppliers in locations several time zones away, including\nHong Kong and China was taking hours out of every workday, making it more\ndifficult to keep production schedules up to date<\/strong>.\nGII was finding that their manually-based approaches to collaborating with\nsuppliers across the world were taking a significant amount of time each day.\nOnce an integrated supply chain ERP system was in place, supplier management\nbecame much easier. Forecasts are now shared in real-time, and quality by\nshipment and supplier is measured. <\/li><\/ul>\n\n\n\n
- Accounting\nfor inventory with a manual backflush process was the only way to get an\naccurate inventory figure.<\/strong> It would take on average three hours of\nwarehouse management analysts\u2019 time to complete an initial inventory. Their\nresults would then be crosschecked by several members of the team. Further\nslowing down inventory reconciliation was the problem of the legacy accounting\napplication not integrating with purchasing, so invoices ready to be paid would\nrequire manual approval as well. <\/li><\/ul>\n\n\n\n
- Having\nto manually enter invoices into their accounting system, then performing check\nruns turned into major delays paying suppliers.<\/strong>\nIncoming receipt of materials was being tracked and process entirely using a\nmanual process. First, receiving would bring in the packing slip, match it with\nthe purchase order, approve it and give it to accounting. But such a practice\nrequired someone to manually enter the invoice into their accounting system,\nrun it, and then perform their check run.<\/li><\/ul>\n\n\n\n
How\nGII Benefits From An Integrated Supply Chain <\/strong><\/h4>\n\n\n\nGII is an example of how integrated supply chain ERP systems are making solid contributions to manufacturers who rely on complex supply chains. By replacing manual processes with a system that integrates accounting, purchasing, sales orders and inventory in a single system, GII was able to achieve the following: growing sales by 50% within four years, increased total productivity by 25% and reduced time spent on accounting and received by 50%. They were also able to improve medical device compliance and now have an entirely automated approach to generating shipping documents.<\/p>\n\n\n\n
Conclusion\n<\/strong><\/p>\n\n\n\nThe more challenging the competitive and compliance demands in any industry, the more crucial an integrated supply chain becomes. GII\u2019s experiences illustrate how any manufacturers can get bogged down with manual workflows that are prone to error and are, at the very least, a waste of valuable time. By adopting an integrated supply chain ERP system, manufacturers can remove the roadblocks in the way of achieving higher product quality and build stronger trust with suppliers. <\/p>\n\n\n\n<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"A Supply Chain ERP system orchestrates and optimizes forecasting, pricing, procurement, sourcing, and inbound product quality levels across the many supplier relationships manufacturers have, providing real-time accounting and financial reporting of each transaction. Supply Chain ERP systems provide Electronic Data<\/p>\n... Continued<\/a>","protected":false},"author":559,"featured_media":3987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25,26,27,29],"tags":[109,145,260,261,262],"class_list":["post-3986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-manufacturing-across-america","category-manufacturing-trends-and-news","category-erp-technology-and-automation","tag-erp","tag-integrated-erp","tag-supply-chain-costs","tag-supply-chain-erp","tag-supply-chain-management"],"acf":[],"_links":{"self":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/posts\/3986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/users\/559"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/comments?post=3986"}],"version-history":[{"count":0,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/posts\/3986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/media\/3987"}],"wp:attachment":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/media?parent=3986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/categories?post=3986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/tags?post=3986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Counterfeit\ncomponents, connectors, and assemblies make their way into plastics supply\nchains, representing a major risk to GII\u2019s zero failure requirements.<\/strong>\nThe threat existed of counterfeit products leaking into their supply chains\nwhen they were relying on a legacy MRP system to manage a broad base of\nsuppliers across Asia. GII\u2019s senior management team went as far as to source\nparts domestically to make sure they weren\u2019t counterfeit and then shipped them\nto their supplier factories in Asia. Manual calculations of needed components\nbased on finished assembly usage and inventory levels at the factory took\nvaluable time away from production. Migrating to an integrated supply chain ERP\nsystem solved the problem, and today GII can enforce its quality standards\nacross every supplier and factory.<\/li><\/ul>\n\n\n\n
- Manually\ncollaborating with suppliers in locations several time zones away, including\nHong Kong and China was taking hours out of every workday, making it more\ndifficult to keep production schedules up to date<\/strong>.\nGII was finding that their manually-based approaches to collaborating with\nsuppliers across the world were taking a significant amount of time each day.\nOnce an integrated supply chain ERP system was in place, supplier management\nbecame much easier. Forecasts are now shared in real-time, and quality by\nshipment and supplier is measured. <\/li><\/ul>\n\n\n\n
- Accounting\nfor inventory with a manual backflush process was the only way to get an\naccurate inventory figure.<\/strong> It would take on average three hours of\nwarehouse management analysts\u2019 time to complete an initial inventory. Their\nresults would then be crosschecked by several members of the team. Further\nslowing down inventory reconciliation was the problem of the legacy accounting\napplication not integrating with purchasing, so invoices ready to be paid would\nrequire manual approval as well. <\/li><\/ul>\n\n\n\n
- Having\nto manually enter invoices into their accounting system, then performing check\nruns turned into major delays paying suppliers.<\/strong>\nIncoming receipt of materials was being tracked and process entirely using a\nmanual process. First, receiving would bring in the packing slip, match it with\nthe purchase order, approve it and give it to accounting. But such a practice\nrequired someone to manually enter the invoice into their accounting system,\nrun it, and then perform their check run.<\/li><\/ul>\n\n\n\n
How\nGII Benefits From An Integrated Supply Chain <\/strong><\/h4>\n\n\n\n
GII is an example of how integrated supply chain ERP systems are making solid contributions to manufacturers who rely on complex supply chains. By replacing manual processes with a system that integrates accounting, purchasing, sales orders and inventory in a single system, GII was able to achieve the following: growing sales by 50% within four years, increased total productivity by 25% and reduced time spent on accounting and received by 50%. They were also able to improve medical device compliance and now have an entirely automated approach to generating shipping documents.<\/p>\n\n\n\n
Conclusion\n<\/strong><\/p>\n\n\n\n
The more challenging the competitive and compliance demands in any industry, the more crucial an integrated supply chain becomes. GII\u2019s experiences illustrate how any manufacturers can get bogged down with manual workflows that are prone to error and are, at the very least, a waste of valuable time. By adopting an integrated supply chain ERP system, manufacturers can remove the roadblocks in the way of achieving higher product quality and build stronger trust with suppliers. <\/p>\n\n\n\n
<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"A Supply Chain ERP system orchestrates and optimizes forecasting, pricing, procurement, sourcing, and inbound product quality levels across the many supplier relationships manufacturers have, providing real-time accounting and financial reporting of each transaction. Supply Chain ERP systems provide Electronic Data<\/p>\n... Continued<\/a>","protected":false},"author":559,"featured_media":3987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25,26,27,29],"tags":[109,145,260,261,262],"class_list":["post-3986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-manufacturing-across-america","category-manufacturing-trends-and-news","category-erp-technology-and-automation","tag-erp","tag-integrated-erp","tag-supply-chain-costs","tag-supply-chain-erp","tag-supply-chain-management"],"acf":[],"_links":{"self":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/posts\/3986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/users\/559"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/comments?post=3986"}],"version-history":[{"count":0,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/posts\/3986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/media\/3987"}],"wp:attachment":[{"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/media?parent=3986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/categories?post=3986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.solidworks.com\/delmiaworks\/wp-json\/wp\/v2\/tags?post=3986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Having\nto manually enter invoices into their accounting system, then performing check\nruns turned into major delays paying suppliers.<\/strong>\nIncoming receipt of materials was being tracked and process entirely using a\nmanual process. First, receiving would bring in the packing slip, match it with\nthe purchase order, approve it and give it to accounting. But such a practice\nrequired someone to manually enter the invoice into their accounting system,\nrun it, and then perform their check run.<\/li><\/ul>\n\n\n\n
- Accounting\nfor inventory with a manual backflush process was the only way to get an\naccurate inventory figure.<\/strong> It would take on average three hours of\nwarehouse management analysts\u2019 time to complete an initial inventory. Their\nresults would then be crosschecked by several members of the team. Further\nslowing down inventory reconciliation was the problem of the legacy accounting\napplication not integrating with purchasing, so invoices ready to be paid would\nrequire manual approval as well. <\/li><\/ul>\n\n\n\n
- Manually\ncollaborating with suppliers in locations several time zones away, including\nHong Kong and China was taking hours out of every workday, making it more\ndifficult to keep production schedules up to date<\/strong>.\nGII was finding that their manually-based approaches to collaborating with\nsuppliers across the world were taking a significant amount of time each day.\nOnce an integrated supply chain ERP system was in place, supplier management\nbecame much easier. Forecasts are now shared in real-time, and quality by\nshipment and supplier is measured. <\/li><\/ul>\n\n\n\n