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Debt consolidation loan as a way out of debt
A debt consolidation loan is a single loan you can take out to cover the rest of your loans. A debt consolidation loan can offer a lower monthly loan repayment amount and less in interest payments. Therefore this type of loan is suitable over your...
How to Write a Business Plan in Five Steps
People often ask "What makes a good business plan? Or, "How do I make my plan attractive to lenders and investors?".
The simple answer is that lenders and investors (I'll call them "readers" from here on out) are looking for "good deals". A...
How Venture Leasing Added Millions To A Startup’s Equity Value
Craig Berman beamed noticeably after completing his board presentation. Berman, CEO of a startup that develops nanotechnology applications for the defense industry, had just closed a $ 20 million equity round. Berman finalized the round at an equity...
It's Time For Some Steak
Recently, I was reviewing our website statistics. One of the sites that had a link to mine caught me by surprise. Since this is a family publication, I won’t include the name of the website. But, let’s just say it contains a four-letter word...
Revenue or Employee Size for Small Manufacturing Enterprise Definition Obsolete: Number of Parts for product Assembly more Accurate
E-Z-MRP, the leading manufacturing software system for small manufacturers, announced effective April 15th, there will be a new pricing and product structure. According to Rocky Smolin, founder of Beach Access Software, makers of E-Z-MRP, “We see a...
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Design Engineers in the ETO Environment
According to Roger Meloy of ETO ERP leader Encompix, based in Cincinnati, OH, “If you ask design engineers what an ERP system means to them, you are likely to hear something like “nothing” or “more work.” To most design engineers, an ERP system is either irrelevant or it is perceived as something that requires additional time and effort, often providing little or no value. One reason for this perception is that most ERP systems are not integrated with the design engineer’s drawing tool.
Traditional ERP systems were developed for the repetitive, make-to-stock manufacturer, where there is a clear demarcation between design and production. In that environment the engineer designs the product in a CAD application. After testing and prototyping, the product is released to production, which is managed by the ERP system.
The design engineer has little or no interaction with the ERP system and works quite happily in a CAD environment. Following the work of the design engineer, a production engineer then creates a bill of material (BOM), based not on how the product is designed but
how it will be manufactured.
In the Engineer-to-Order (ETO) world the role of the design engineer is very different. By its nature an ETO company builds a unique product designed to meet the specification of a single customer. The two worlds of design and manufacturing are closely linked. In many cased the design of the product continues through the product process (design-in-process), incorporating a multitude of engineering changes. These changes can be driven by the customer or by the manufacturer. In this environment a seamless flow of data between engineering and production is critical. An ETO company must integrate CAD and ERP.
Encompix (www.encompix.com) has filled the manufacturing software requirements of Engineer-to-Order companies since 1992. The company name reflects our commitment to developing business application solutions that encompass the complex areas of project-based and job-based manufacturing.
Encompix provides ETO manufacturers with a competitive advantage by improving bottom line results.
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