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Software Functionality Revealed in Detail
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 wip engineer to order manufacturers seek competitive

Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Engineer-to-Order (ETO ERP)

The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today’s leading ERP systems group all traditional company management functions (finance, sales, manufacturing, and human resources). Many systems include, with varying degrees of acceptance and skill, solutions that were formerly considered peripheral such as product data management (PDM), warehouse management, manufacturing execution system (MES), and reporting. During the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The foundation of any ERP implementation must be a proper exercise of aligning customers' IT technology with their business strategies, and subsequent software selection. 

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wip engineer to order manufacturers seek competitive  shipment straight from work-in-progress (WIP) and without posting to inventory; ability to attribute costs to projects as to financially quantify modifications upon a customer request that varies from the original specification; visibility of proposals, open orders, and materials (including the estimated-to-complete), and so on.. To further complicate the matter, neophytes will find dealing with the Federal Government perplexing, since the customer in case will act very differently than its commercial Read More

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wip engineer to order manufacturers seek competitive  in terms of purchases, WIP, billable hours, material etc. Equally important, they need to know cost to complete - what''s left to spend in order to deliver the project. In project manufacture, the received payments may be staggered over the life of the project- including retention for acceptance of the job a long time after its completion. These receipts- also known as stage payments - may happen at any time in the project, and depending on the contract, may be based on committed purchases or major Read More

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wip engineer to order manufacturers seek competitive  in terms of purchases, WIP, billable hours, material etc. They want to be proactively alerted as soon as a job goes outside predefined parameters, so that the causes can be identified and the situation rectified. Equally important, they need to know how much work remains and cost to complete , as well as what is left to spend in order to deliver the project, as an anticipation of profit or loss before the project is complete. They have to be able to report revenues on the percentage-completed basis, Read More

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