Quick Tips Blog

Posted by MIE Solutions on November 15, 2016

Quick Tip: Commodities

How to Account for the Changing Cost of Commodities

 

 

 

 

 

What are commodities?  Commodities are raw ingredients or components that make up any good.

 

In manufacturing, some common commodities are aluminum, copper, and other metals.

 

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The price of commodities is continuously fluctuating so the cost of producing a part can change from the last time that order had come in.

 

Is This You?

 

  • You work with commodities daily
  • You are working with many different types of commodities
  • You are inefficiently updating quotes when commodities pricing changes

 

Problem

Some manufacturers may end up quoting the same price when the cost of purchasing the commodity fluctuated. For example, during the recession, the price of steel increased five cents a DAY.

 

 

Solution

 

Instead of manually adjusting the prices as it changes, you should be creating a system to update the material pricing globally which changes the price without changing everything else in the quote. In MIE Trak Pro, updating commodities based pricing can be done with a click of a button. You can input the price change and it will change all future pricing for quoting.

 

Quick Tip: How to Estimate Quotes Consistently

 

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Posted by MIE Solutions on October 18, 2016

Quick Tip: Preparing Your Company for ERP

How to Prepare Your Company for ERP Success

 

 

 

 

So, you have made the decision to purchase a new ERP system, now the hard part is over! It can be overwhelming as a first time ERP buyer or for someone who has been using the same software for years and capabilities have changed with technology. Prepare your company for ERP success.

 

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What are some steps to take to make sure you  prepare your company for ERP success?

 

According to Software Advice…

 

The Top 5 Reasons ERP Implementations Fail:

  1. Setting Unrealistic Expectations
  2. Failure to manage organizational change
  3. Not involving key stakeholders
  4. Poor Project Management
  5. Failure to manage business benefits

 

So, how can you ensure your company’s success when 60% of implementations fail?

 

  • What goals are you planning to achieve with your ERP purchase?
  • Who in your executive team is committed to the implementation?
  • Do you know the implementation plan after the purchase?

 

When  implemented correctly, an ERP system increases efficiency and reduces transactional costs through automation. It sets a streamlined process, to re-engineer your company to become the best it can be.

 

To continue to improve, you need to know what processes are working best and what aren’t working. You need to create goals and how committed you are to solve them.

 

It also takes strong leadership to keep things on track and hold people accountable to learn and implement the solution you purchased in order to reap the benefits.

 

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Companies invest in ERP and everyone is excited, but keep in might that your team still has to manage the same workload during implementation and things can get backed up.

 

A good rule of thumb: Dedicate 20% of your time to ERP installation and implementation.

 

That means in a given 40 Hour work week, 8 hours a week to install, implement, and learn.

 

Lastly, you need to know how your software will be implemented and supported.

 

Good ERP companies implement, GREAT ERP companies’ are partners.

 

A great ERP company is your partner for growth. They will provide you with support, training, and a clear guide of what to expect in your implementation.

 

As your business grows, you need the tools to be able to grow with you. Great ERP companies understand that and consistently help you develop better processes, and better solutions to help you maximize your ROI.

 

Implementation Best Practices

 

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Posted by MIE Solutions on October 4, 2016

Quick Tip: Nesting- How to Maximize Materials Used

Nesting

 

 

 

Problem

Nesting Dolls- Nesting.jpg

Do you ever make multiple parts from a single sheet of raw material?

 

Imagine you had to cut hundreds of assembly parts like gussets, from a single sheet of metal for several Work Orders from different customers.

 

The finished parts all come from the same sheet of metal with remnants left over.

 

CNC Stamping- Nesting.jpg

 

How would you attribute cost if one Work Order is for twenty parts and the other is for fifty parts? Instead of physically issuing each small piece of metal needed for each Work Order you can save time by using nesting software and ERP.

 

What is nesting? In manufacturing, nesting groups common processes together to maximize efficiency on the shop saving time and money.

 

If any of these sound like you, it’s time to think about switching ERP systems.

 

Solution

Nesting software creates a “sheet layout” to maximize the materials used. It automatically and strategically arranges the required quantities of individual parts on sheets or plates of material.

 

Powder Coating- Nesting.jpg

 

Nesting can also be applied to paint lines and powder coating to reduce set up time and clocking in and out of jobs. For example, when two different jobs need to be powder coated the same color black. Employees can wait to have both run through the paint line at the SAME TIME, instead of having to set up the paint line twice.

 

MIE Trak Pro’s nesting module can then automatically divide the time spent on the jobs to accurately cost each Work Order.

 

Nesting Screen MIE Trak Pro.JPG

 

This helps you allocate both your material cost and labor cost for each Work Order by identifying how much material was used, track how much time was spent, and how much should be charged to each Work Order.

 

10 Steps to Selecting the Right ERP Software

 

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Posted by MIE Solutions on September 20, 2016

Quick Tip: Switching ERP Systems

 When You Need to Switch ERP Systems

 

 

 

In 2014 we went from 4.8M in revenue to 8M in revenue using MIE Trak Pro.”

-Frank Roth, Elite Tools

From Epicor to E2 to MIE Trak Pro

How do you know it’s time to switch ERP Systems?

You already know the benefits of ERP, because you’ve already invested in one. But, you’re not happy with how that’s going. It’s time to think about switching ERP systems.

 

Warning Signs:

switching erp

  •  Your employees are not using it
  •  You are paying for more as time goes on, exceeding the cost you initially thought it would be
  •  It’s outdated and no longer compatible with your company
  •  It’s not customizable, reliable, or flexible to your growth
  •  You are working for the software, the software isn’t working for you
  •  You have tried to work it out with your current provider but cannot find a solution

 

If any of these sound like you, it’s time to think about switching ERP systems.

 

Steps to Switching ERP 

  1.  Understand what the process will be like to migrate  your data, the conversion strategy, and the new implementation training and time.
  2. Identify what your current ERP is NOT doing and what you are looking for in a new solution. What exactly isn’t working and what do you wish your current ERP could do?
  3. Provide ongoing support to your employees to facilitate the transition and let them know the issues it will solve.

 

It’s disappointing and frustrating to have invested the time and money in choosing an ERP system.

However, you shouldn’t settle and stay with a software that is hindering you rather than helping your business grow. All ERP systems are not the same and if it’s not working for you, it’s time to find a better solution.

 

Read the latest Case Study: From Epicor to E2 to MIE Trak Pro

 

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Posted by MIE Solutions on September 7, 2016

Quick Tip: Pros and Cons of Cloud Based ERP Systems

Pros and Cons of Cloud Based ERP Systems

 

 

 

Is a cloud-based ERP system right for you?

There are many pros and cons to Cloud-Based ERP, let’s talk about a few.

 

What is the Cloud? You’ve heard this buzzword many times when describing software. Simply put, the cloud means storing and accessing data over the internet.

 

Benefits of Cloud

 

• Reduces IT Support services
• Low initial Costs
• Remote Access

 

One of the main benefits of Cloud ERP is the ability to have an IT team maintain your hardware server and backups.The backups, updates, and maintenance are done by your provider rather than an internal IT team at your company. You may also have low initial costs rather than a huge upfront investment. Many Cloud Based ERP systems offer a monthly subscription rate as opposed to a one-time fee. With that, you have the freedom to access your data anywhere.

 

 

Negatives of Cloud

 

• Security Issues
• Ownership
• Unforeseen Costs
• Internet connectivity

 

When software is hosted “On-Premise” everything is within your company. When it’s hosted on the cloud, your cloud provider has access to all your data. Many Cloud-based ERP companies license their ERP application and dictate when releases are implemented. Standard cloud-based systems can cost higher over time. Most cloud-based ERP’s are modular based and the more modules you add the more it costs to maintain. A low monthly subscription rate can quickly surpass the one-time investment of an on-premise ERP Solution. Lastly, Internet access. What happens if you lose access to the internet? How is your system updated and maintained?

 

 

With MIE Solutions

 

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We provide both On-Premise or cloud solutions. With our cloud offering, you own the application software along with your data. Other cloud-based ERP companies provide multi-tenant solutions- where you lease the application and you’re not in control of software updates. MIE Solutions provides a dedicated AWS server and you’re in control of software updates. We also provide regular backups whenever you need it.

 

 

Learn more about MIE Trak Pro Cloud

 

MIE Solutions Cloud-Based Managed Services for MIE Trak Pro

 

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