Category: QAD Financials

As companies implement QAD EE and its .Net interface when they convert from other ERP systems or as they upgrade from previous versions of QAD’s ERP software, the power of browses continues to add value! Power users and IT teams who understand where QAD EE data resides can easily create browses which can be used on an ad hoc basis or linked to a menu and accessed by all users...

Product costing is essential to any profitable business and should therefore be an ongoing analysis activity for any medical device company. Rather than assessing budget and product costs once a year, many companies will regularly compare actual costs to the standard, allowing them to begin building next year’s cost model well ahead of time. Ongoing product costing efforts can help your business to answer the following questions: What are your...

Cost management is essential to any profitable business and should therefore be an ongoing analysis activity for any food and beverage company. Rather than assessing your budget and product costs once a year, continuously compare your actual costs to the standard so that you are constantly looking at results and can begin building next year’s cost model well ahead of time. Ongoing product costing efforts can help your business to...

The validation process typically starts when a medical device organization documents the requirements to select ERP software. Requirements definition is also the first opportunity for a company to have a validation conversation. However, most companies have the validation requirements conversation after they select software, only to later realize that they may have purchased software that is difficult to validate with the FDA. As a result, the implementation can take longer...

For automotive manufacturers to remain as competitive as possible in today’s environment, these organizations must consider the importance of cycle counting when seeking to improve inventory accuracy. This article discusses the concept of cycle counting, its long-term benefits and best practices, as well as the solutions QAD can provide. A Review of Inventory Accuracy and Cycle Counting Inventory accuracy is vital. If a business’s inventory is inaccurate, the business may...

To ensure that the Accounting department stays as efficient as possible this year, many automotive manufacturers must consider automating financial transactions. Accounts Payable (AP) is an easy target for automation since these transactions are repeatable and are defined by strict business accounting control processes. This article will discuss the investment required to automate AP processes, as well as both the monetary benefits derived and the solutions available with QAD Enterprise...

With the vast product lines inherent to food and beverage operations, Chief Operating Officers, Plant Managers and other operations leaders are under pressure to manage a bevy of resources  needed to create, package, and execute a complete product. There are seemingly infinite combinations of different products, sometimes just varying by an ingredient or a single packaging material. QAD is fully equipped to keep an eye on it all. Manage Complex...

A good budget process is essential to effectively managing a business. Budget management is the process of projecting and developing estimates for future financial results. While budgets are used to manage and track incomes and expenses, sales side people often refer to revenue budgets as “projections” while cost-side people typically stick to the word budget. The overall budget process usually starts with the creation of an annual fiscal year sales...

Configuration Management Configuration management is “a process for establishing and maintaining the consistency of a product’s performance, functional and physical attributes with its requirements, design and operational information throughout its life.” Configuration management streamlines the quote-to-delivery cycle for to-order medical device manufacturers because it enables the generation of items, bills of material, engineering drawings, routings, and instructions. Additionally, configuration can create and/or enable required attributes, characteristics, and specifications for the...

There are many advantages and incentives to expanding business operations to Mexico, the second largest trading partner of the United States. However, for manufacturers to take advantage of Mexico’s operational benefits, they must ensure they remain compliant with all of Mexico’s statutory requirements. Below are four key legal statutory requirements that apply to manufacturing operations in Mexico. 1. Electronic Invoicing The first of the major statutory requirements is electronic invoicing. Any business...