Companies that are project manufacturers, engineer-to-order (ETO), build-to-order, jobbing shops or contract manufacturers should think carefully when selecting an enterprise resource planning (ERP) system. Given the maturity of the ERP market, its ongoing consolidation, and that fact that competitive advantage is hard enough for manufacturers to find, they should not compromise on their requirements.
wip product life cycle management in engineer to order
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,