Author - Nhung Mai

Three steps to deal with unproductive stock and their booster - Data V Tech

Three Steps to Deal with Unproductive Stock & their Booster

According to Epicor’s findings in 2020, dead inventory makes up 10 to 30 percent of distributors’ stock on average. Thus, those businesses probably lose around 50,000-150,000 USD for every 500,000 USD in inventory. More severely, storage, labor, utilities, and insurance costs can add to such a loss. Besides, distributors might also suffer from dying, excess, or any other unyielding stock. The longer those parts stay in the warehouse, the more significant risks businesses will probably face. So how to avoid such unproductive stock disasters and boost your performance?

Unproductive Stock and their Possible Negative Impacts on Business

Unproductive stock includes all unprofitable items, e.g.:

  • dead inventory: those occupying your warehouse for quite a period
  • dying inventory: those losing their position in the market and moving toward dead inventory
  • excess inventory: those involving a large volume of an item
  • and any other inefficient stock

In addition to the costs mentioned in the introduction, distributors also have to bear, e.g., product transportation to the warehouse, utilities, depreciation, decay, and damage. A side effect of such item redundancy is that inventory managers might have to take much more time to navigate and locate the right ordered items. Meanwhile, creating a product mix strategy or applicable discounts to eliminate the stock at issue would be more challenging. As a result, you might lose the market share to a more agile, innovative competitor.

3 Steps every Experienced Inventory Manager Knows

Documenting in detail and systematically your inventory is excellent. Yet, distributors need to turn such data into valuable insights that can back up the operations to win the game. Here are the three steps to consider:

1. Determine your Metric to Identify your Unproductive Items

Let’s check these three metrics: turns, turn and earn, or gross margin return on investment (GMROI). And let’s consider this example of item X with the annual sales of 100,000 USD, cost of goods sold (COGS) of 80,000 USD, and an average inventory of 20% to make it easier to understand.

Turns: You measure the number of times selling or turning the average inventory. That is COGS divided by the average inventory over a given period. Thus, ‘turns’ is also the number of opportunities you had at the winning margin. In the case at hand, X’s number of turns is 80,000/20,000=4. In other words, the relevant distributor had four opportunities to earn margin on the inventory investment in item X.

Turn and earn: This figure is the number of turns multiplied by the gross margin percentage. It helps balance turns and gross margin. Continue with the case of X: The respected turn and earn would be 0.20*4=0.80.

GMROI: You can calculate GMROI by dividing gross margin dollars by average inventory. Looking at the example again:

  • Average inventory is 20%*100,000=20,000USD
  • X’s GMROI = 20,000/20,000 = 1

Comparing these figures of various inventory items, you could identify the underperforming ones. Thus, the more accurate data you maintain, the more thorough and valuable analysis you conduct.

2. Identify Underperforming Items

An accurate database is of great importance to this step. A well-documented sales history helps inventory managers estimate the average period to define dead inventory.

The most straightforward approach is to rank items with zero sales (dead inventory). Whether the comparison should base on a period of three, six, nine, or twelve months might vary.

Next, you need to check other items’ metrics. Those that have experienced a downward trend are possibly dying. You might also review the number of unique customers purchasing the items. The smaller it is, the higher the possibility that the items will soon become obsolete is.

The evaluation of excess inventory is also debatable. I.e., how much is ‘excess’? So, again, you must select the most appropriate metric(s) for your business by testing them through the history of your purchasing process. Meanwhile, the chosen method should not result in more work if possible.

Finally, other unproductive items usually have low margins. As a result, they lead to low turn and earn or GMROI. Perhaps many competitors also sell those items. Maybe they are so essential to a product line or another product that the lack of such items in stock would negatively impact your business performance. You have also likely set the price too low since the product introduction.

3. Develop Strategies to Manage Unproductive Stock

After categorizing the inventories, it is time to set up a strategy to deal with them. Each requires a different approach due to multiple factors, such as its characteristics.

Certainly, distributors should offload their dead stock as soon as possible. Here are some prevalent practices found by Epicor’s experts:

  • deep discounts
  • list of promotional items published on your website, eBay, or any relevant e-Commerce platform
  • email marketing or outbound calling targeted at former purchasers of those items
  • donation to enjoy a tax break

Both dying inventory and excess stock require promotional and marketing efforts to convince the customers to purchase before they change their preferences. It might be better to sell out the dying items rather than let them turn into dead stock. Meanwhile, the insights into excess inventory, especially the distributor’s purchase history, can help inventory managers learn from the past purchasing cycles and make better estimations in the future.

There are two approaches to deal with other unproductive items. If the low margin is appropriate, pinpoint those items to save time in future analysis. If it is the other case, it is recommendable to review the item’s pricing structure and take necessary actions accordingly.

Inventory Optimization - Epicor Kinetic (ERP)

Epicor Kinetic (ERP) facilitates any novice’s entry into the product management field and enhances the practices of those that have mastered the three steps above. Its built-in inventory management software eases complicated calculations and minimizes pertinent errors. The software also reduces inventory managers’ intense pain in tracking information when the data of thousands of inventory stock-keeping units (SKUs) continuously piles up. Likewise, they can focus more energy on developing strategies to improve cash flow and future purchasing decisions.

To conclude, inventory managers can offload unproductive stock using a detailed, accurate record of their purchasing activities and following these steps:

1. Determine your Metric to Identify your Unproductive Items

2. Identify Underperforming Items

3. Develop Strategies or Steps to Deal with Unproductive Stock

More importantly, they can use Epicor Kinetic (ERP) to eliminate headaches due to excessive data mass and boost calculation accuracy. Meanwhile, distributors can augment customer satisfaction by fast-tracking the navigation of the ordered items. As a result, they can improve their balance sheet.

Content writer: Trang Vu

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Epicor Kinetic (ERP) is accessible on the cloud, hosted servers, and on-premises. It is flexible and personalizable to individual use, company practices, and multiple industries.

Data V Tech is Epicor’s Authorized Partner with over 20 years of experience in the Asia Pacific. We provide well-timed implementation with full support for software localization. As a one-stop shop, we offer complete solutions for manufacturing, trading, and distribution businesses, from mobile applications to e-commerce and direct machine data integrations to Epicor Kinetic (ERP) software.

What Makes Kinetic (Epicor Erp) Ux Oustanding - Data V Tech - ERP Vietnam

What Makes Epicor Kinetic (ERP) UX Outstanding?

What are Epicor’s secrets in attracting new Epicor Kinetic (ERP) users and gaining their loyalty? One of them is the solution’s user-friendly, industry-based, and future-oriented user experience (UX or UE). So let’s check out Kinetic’s three outstanding UX aspects.

1. What is Epicor Kinetic (ERP)?

Epicor Kinetic (Epicor Enterprise Resource Planning – ERP) provides modern manufacturers with more enhancements and powerful features. It encompasses a business’s entire operation on both the top and shop floors. All departments can contribute to the unique single database and gain deep insights into the data relevant to their jobs.

2. Epicor Kinetic (ERP) Outstanding UX Approach

User Interface

Epicor Kinetic (ERP) is a product of design thinking principles, user best practices, and constant customer feedback. Thus, it has a consistent and modern look. Its user interface eliminates unnecessary content and features to help employees focus on their work. This solution uses a simple workflow to give the user more flexibility. It allows end-users to only concentrate on high-level relevant data or drill down into more detailed information as needed, saving time on data processing and searching. As a result, they work more efficiently and have more time for innovation and growth.

Industry Depth

Epicor Kinetic (ERP)’s design is ensured to be visually appealing, user-friendly, and appropriate for each industry, specifically for Manufacturing, Distribution, and Retail. Here are some examples of how industry expertise is embedded in Epicor Kinetic (ERP)’s UX:

  • The system can easily extend to more users as well as its complementary services and applications.
  • Kinetic users can access information on the browser-based platform at any time and from any device.
  • Various context-aware enterprise collaboration applications such as Epicor Collaborate and contextual Help and Support are also available in Epicor ERP.
  • Epicor Kinetic also facilitates Industry 4.0 trends, e.g., artificial intelligence, through Epicor Virtual Agent and Epicor IoT.

Tailored Experience with Epicor Application Studio

Using Epicor Kinetic (ERP), businesses can effortlessly customize the system’s UX to their specific needs right from the start. Noticeably, Epicor 10.2.600 introduces Epicor Application Studio, which eases all customizations and eliminates almost all technical difficulties for any ERP novices. This feature takes a ground-breaking approach to system configuration and user personalization. During the upgrade process, it’s safe, cloud-friendly, and unbreakable. The best part is that it requires little to no coding.

  • With the use of Epicor Application Studio, users can:
  • Smoothly configure Kinetic applications with layers
  • Use a visual designer with rules
  • Effortlessly drag and drop elements around
  • Preview and validate changes before publishing

3. Final thoughts

Ultimately, an ERP system is your solution, and it must be easy to learn, navigate, and apply in specific modern industrial contexts. Based on that core philosophy, Epicor Kinetic’s UX was created. It is also subject to constant adjustment due to continuous customer feedback. As a result, the entire design facilitates businesses’ smart work and reduces unnecessary hurdles.

Epicor Kinetic (ERP) is accessible on the cloud, hosted servers, and on-premises. It is flexible and personalizable to individual use, company practices, and multiple industries.

Data V Tech is Epicor’s Authorized Partner with over 20 years of experience in the Asia Pacific. We provide well-timed implementation with full support for software localization. As a one-stop-shop, we offer complete solutions for manufacturing, trading, and distribution businesses, from mobile applications to e-commerce and direct machine data integrations to Epicor Kinetic (ERP) software.

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Epicor Kinetic (ERP) - Data V Tech - The Proven Solution to the Volatility of Material Costs

The Proven Solution to the Volatility of Material Costs

Epicor Kinetic (ERP) customers in manufacturing have gained complete real-time control of material prices without more hurdles for the business and the ability to turn cost volatility to their advantage. Check out some of their common challenges and how Kinetic has enabled them to overcome obstacles and achieve success?

Cost-Related Challenges for Manufacturing CFOs

Are you worried about the disruption in supply chains leading to lagging production? Are you afraid of poor visibility of all costs associated with raw materials that eventually cause unexpectedly higher costs and negatively impact customers’ satisfaction? Have you recently failed to leverage supplier price discounts due to the lack of insights into/real-time views of material purchases?

Remember that we live in a New Normal, where the global supply chains constantly face disturbance due to, e.g., COVID-19 lockdowns. So, if those concerns keep growing, the overall business profitability will possibly decrease. You might lose control over the entire cost structure and the cash flow. Data management would be more challenging given the increasing manual data entry and the greater possibility of inaccurate landed costs. Then, it is harder to negotiate better pricing with suppliers in the long run.

So how can we change the status quo using Epicor Kinetic (ERP)?

Epicor Kinetic (ERP)'s Two Powerful Tools to Deal with Price Volatility

a. Smart Manufacturing Cost Analysis

Epicor Kinetic (ERP) provides the financial foundation with multiple costing options at the part type level for any manufacturer. You can configure the choices based on your company’s practices and preferences. It is also easy to keep track of work-in-progress (WIP) and cost of sales components in the general ledger integrated into the system.

As a centralized database accessible by all departments, Epicor Kinetic (ERP) increases the visibility of quotes, jobs, purchase orders, and other crucial attributes in the manufacturing process. Like the costing function, you can effortlessly define your parameters to conduct a cycle count using Epicor Kinetic (ERP). Finally, this solution can generate real-time actionable dashboards for every department instead of conventional static reports, such as inventory valuation, stock status, and job costing. (Check out the Production Management module for more details.) That means you can promptly act on any errors or alerts and instantly update the system once your action is completed.

The Proven Solution to the Volatility of Material Costs - Epicor Kinetic (ERP) Data V Tech - ERP Vietnam

b. True-Landed-Cost Calculation

With Epicor Kinetic (ERP), you can enter various landed cost types to increase data accuracy and clear all duplicates without more manual labor. More importantly, you can automate the estimation of expected costs the moment a purchase order arrives. It is also possible to define your prorating rules and enable their automatic application.

Here is a summary of the Landed Cost functionality:

  • Consolidate multiple orders with multiple currencies into a single shipment
  • Consolidate numerous suppliers into a single shipment
  • Apportion duties and indirect costs across shipment items
  • Track inventory losses between supplier shipment records and receiving records
  • Track in-transit inventory.
  • Inquire part status across all shipments and locations
  • Report quantity and cost variances
  • Define import tariff rates, percentages, and amounts to calculate duties for each received item
  • Use weight, value, volume, or quantity to disburse indirect costs to received items. Each indirect cost contains definable disburse methods

Thus, this tool offers significant benefits for manufacturing companies that import raw materials regularly. (Check out the Product Data Management module for more details.)

FMS's Story in Managing their Job Costing on Epicor Kinetic (ERP)

“Our software has made us more competitive, mainly in that it’s helped us to understand our costs better. Our job costing is improved. We understand our cost structure better, which enables us to price our products more competitively. Epicor Software has helped us innovate primarily by giving us increased visibility. We have better of what’s going on our plant floor. We have a better understanding of our cost structure. And having those tools gives us the ability to see where our best opportunities lie for innovation, where we can make the biggest improvements. And all those things underlie and support our innovation initiatives.” Greg Sweet – FMS Corporation

Check out their story to learn from their problems: 

 

Epicor Kinetic (ERP) Benefits in this Constantly Price-Changing World

To sum up, Epicor Kinetic (ERP) enables you to:

  • Enhance job costing quality and quoting
  • Generate thorough manufacturing cost analysis at the part level
  • Improve decision-making and cash flow

Ultimately, you will gain deeper insights into the cost structure to create more effective pricing strategies.


Epicor Kinetic (ERP) is accessible on the cloud, hosted servers, and on-premises. It is flexible and personalizable to individual use, company practices, and multiple industries.

Data V Tech is Epicor’s Authorized Partner with over 20 years of experience in the Asia Pacific. We provide well-timed implementation with full support for software localization. As a one-stop shop, we offer complete solutions for manufacturing, trading, and distribution businesses, from mobile applications to e-commerce and direct machine data integrations to Epicor Kinetic (ERP) software.

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Epicor ECM - Data V Tech - ERP Vietnam - feature picture

5 Reasons to Choose Epicor ECM (DocStar)

Epicor Enterprise Content Management (ECM, formerly known as DocStar) allows businesses to access information quickly, share documents and files, and store data in a safe repository, removing the threads of document loss, internal information leakage, and time-consuming paperwork processes. Check out this article to find out more reasons to choose Epicor ECM (DocStar) for your business.

1. What is Epicor ECM (DocStar)?

Epicor ECM (DocStar) is the ultimate automation solution that helps businesses securely store and manage information from capture to destruction using the safe central repository.

Depending on the organization’s needs, this solution can be installed on on-premise hardware or the cloud. It can also be integrated with Kinetic, Prophet 21, Vision software, and any other accounting and business application for better information management and return on investment (RoI).

Content can be defined in various ways, but it generally refers to any information that employees need to do their jobs. Traditionally, content can be in paper forms like invoices, resumes, and contracts. Currently, the definition of content has expanded as technology has progressed to include video and audio files, social media posts, email, web content, and more. Thus, content is classified into two specific categories, including structured content and unstructured content.

  • Structure content is information organized in a consistent pattern, such as databases and code repositories.
  • Unstructured content is information that does not have a prespecified format, such as Office documents, PDFs, and emails.

2. Why should businesses choose Epicor ECM (DocStar)?

a. Store internal information in a safe data center

Epicor ECM (DocStar) software makes use of a modern and secure data center with Amazon Web Services (AWS), which enables you to modify settings for documents, files, folders, workflows, and retention policies access. Furthermore, it allows backups, maintenance, and upgrades to help ensure your business’s maximum performance and usability. Protecting data with backups would help to minimize the risk of losing critical business data.

b. Increase productivity

Epicor ECM (DocStar) is designed to eliminate time-consuming paperwork. All of the documents you require can appear on your screen with just one click.

Imagine managing 1000 papers and having to spend a significant amount of time searching through shelves and drawers each time you need them for work. That would be a lot of things to do. According to statistics, it takes an average of 2 hours per day for a person to find the necessary documents for their work. Managers can spend up to 1000 hours per year looking for information that has been lost. Employees can focus on more productive work or revenue-generating projects by reducing the time they spend filing, organizing, and searching for paper documents.

Data V Tech - ERP Vietnam - Epicor ECM - Docstar 2

Epicor ECM (DocStar) will be an effective solution for businesses to digitize documents, increase productivity, and create paperless offices with the following outstanding features:

  • Manage documents and files from any location and on any device (tablets, smartphones, computers).
  • Search and retrieve the contents of the entire repository in seconds with powerful context searching.
  • Distribute information automatically based on business requirements.
  • Receive real-time notification of workflow.
  • Can integrate with standard software for better use
    • Microsoft Dynamics GP
    • Sage 100 and 300
    • Kinetic
    • Prophet 21
    • Esri ArcGIS
    • Epicor Vision
    • Karmak Fusion
    • Microsoft Office.

c. Preserve data safely with ValiDate

Document management is complex because a large amount of paper can quickly become obsolete or of poor quality over time. It is also hard to test access, print, and copy touch files, but with Epicor ECM (DocStar), those concerns will no longer bother you.

ValiDate is a unique feature in the core of Epicor ECM (DocStar) product. All new documents added to the repository are checked for document integrity. When a record is added to the system, an encrypted hashcode is generated, similar to a “digital fingerprint” stamped with the contents and the date and time of entry. Each time a document is viewed, ValiDate evaluates it and displays a green or red stamp, ensuring that it is tamper-proof and valid.

d. Securely share documents and files with others

The job of protecting information and data for businesses, particularly corporates, is highly crucial. If an organization’s internal information is exposed, it could have severe consequences for the company.

For the above concerns, Audit Trail was developed and integrated into Epicor ECM (formerly DocStar) to keep track of who accesses, sends, prints, or copies confidential information and when and how the actions were done. By keeping track of all critical corporate data, you can minimize the risk of damaging information leaks, safeguard intellectual property, and uphold the corporate brand’s integrity.

e. Sign online paper more quickly with DocuSign eSignature

In the past, when two foreign enterprises wanted to sign a contract, they were required to spend a significant amount of money transporting the contract and accepting unnecessary risks such as data loss and leakage. Now, electronic signatures appear and help remove the concern about geographical distance and shipping time, leading to a faster work process.

In response to the need for electronic signatures in today’s modern world, the Epicor ECM Connector uses the DocuSign eSignature API to embed a digital signature. Epicor ECM users can now use DocuSign to complete approval in seconds. This application eliminates all the complexity, cost, and insecurity in printing, faxing, scanning documents for signing. You can register and return a file, send papers to others to sign, and much more with just a few simple steps.

Data V Tech - ERP Vietnam - Epicor ECM - Docstar 3

3. Which industries might benefit from Epicor ECM?

Epicor ECM (DocStar) assists businesses in managing documents and reducing operating costs and supports them in increasing return on investment across all industries and departments. The following are some areas where the software can be best applied:

  • Accounts payable
  • Human resources
  • Sales Operations
  • Healthcare
  • Manufacturing
  • Distribution
  • Financial Services

4. Conclusion

Epicor ECM (DocStar) is a powerful and efficient tool for creating an automated, secure data system for businesses. It aims to create a paper-free office, which is the current business trend. Companies can save a lot of time and money by digitizing documents and files. They can also effectively protect confidential information from the loss of essential documents and time-consuming paperwork.


Data V Tech is Epicor’s Authorized Partner with over 20 years of experience in the Asia Pacific. We provide well-timed implementation with full support for software localization. As a one-stop-shop, we offer complete solutions for manufacturing, trading, and distribution businesses, from mobile applications to e-commerce and direct machine data integrations to Epicor Kinetic (ERP) software.

Epicor Kinetic (ERP) is accessible on the cloud, hosted servers, and on-premises. It is flexible and personalizable to individual use, company practices, and multiple industries.

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Essons Global Industry officially selected Data V Tech as its sole consulting partner to implement Epicor ERP and MES

Essons chose Data V Tech to implement Epicor Kinetic (ERP) & Epicor Advanced MES (Mattec) in Vietnam

Dong Nai, March 27, 2021, Essons Global Industry Co., Ltd. and Data V Tech Solutions Co. Ltd. officially launched the project implementing Epicor Enterprise Resource Planning (ERP) and Advanced Manufacturing Execution System (MES, formerly known as Mattec).

Essons Global Industry Co., Ltd. belongs to Essons Group – a multinational corporation specializing in producing high-tech rubber components for automobiles, aircraft, motorcycles, among many other products. This project aims to facilitate and complete the installation of Essons’s smart manufacturing plan and ensure its sustainable development in the era of constant changes and growing competitiveness.

Essons Global Industry implements Epicor ERP and MES

 

After thorough research and considerations, Essons has officially selected Data V Tech as its sole consulting partner to implement Epicor Kinetic (ERP) and MES. Mr. Yu Kai Yi, Essons’s Deputy General Director, commented:

“We make, move, and sell things everyone needs but perhaps do not know they need. We believe that this close affinity in Essons’ and Epicor’s values is what makes Epicor such an appealing potential partner.

We decided to make Data V Tech our sole implementer of Epicor Kinetic (ERP) and Epicor Advanced MES (Mattec). We believe that Data V Tech offers us a more complete, thorough, and professional solution. We do not only believe that Data V Tech provides the best solution, but also holds a strong understanding of the scope of the project in addition to our manufacturing and business needs in both the short and long term.”

 

Essons Global Industry officially selected Data V Tech as its sole consulting partner to implement Epicor ERP and MES

At the opening ceremony, Ms. Trinh Lan Phuong, Data V Tech’s Consulting Director, announced:

This is one of Data V Tech’s most important projects, and we will devote a great deal of effort to making the project go-live successfully.”

After the project officially comes into operation, Essons Group expects to implement similar projects for its subsidiaries in Taiwan.


Data V Tech is Epicor’s Authorized Partner with over 20 years of experience in the Asia Pacific. We provide well-timed implementation with full support for software localization. As a one-stop-shop, we offer complete solutions for manufacturing, trading, and distribution businesses, from mobile applications to e-commerce and direct machine data integrations to Epicor Kinetic (ERP) software.

Epicor Kinetic (ERP) is accessible on the cloud, hosted servers, and on-premises. It is flexible and personalizable to individual use, company practices, and multiple industries.

Contact us







Phần mềm Epicor Advanced MES (Mattec) 8.3

Epicor Advanced MES (Mattec) 8.3 Release [Summary]

We are pleased to announce that Epicor® Advanced MES (Mattec) is now even more powerful and easier to use than ever before. In this release summary, you will get a high-level overview of the new features available within Epicor Advanced MES (Mattec) version 8.3.

Advanced MES (Mattec) Enhancements

There are many new product capabilities and enhancements in the 8.3 release of Epicor Advanced MES (Mattec). These include:

  • New Epicor ERP 10/Advanced MES Production Data Integration with Epicor ERP 10.2.500
  • Enhancements
    • Real-Time Scheduling
    • Human Machine Interface (HMI)
    • Real-Time Display (RTD) enhancements
    • Plant Floor Display
    • System Configuration
  • New data storage methods for production machines and equipment
  • Machine integration for the Next Generation Machine Interface Units (MIU) for non-touchscreen and the new touch screen MIU
  • New Language Translations and Updates

Advanced MES (Mattec) 8.3 Customer Release Summary

New ERP10/Advanced MES (Mattec) Production Data Integration in 10.2.500

There was a production data integration already introduced in ERP10 that leveraged existing integration frameworks in ERP10 and Epicor Advanced MES (Mattec). ERP is the system of record for most data in that integration. Data was being exchanged via .csv files.

Production Jobs and data relevant to what is to be produced is transferred to Advanced  MES from ERP and data about what was produced is transferred back to ERP from  Advanced MES.

A new integration has been developed that provides a more modern and flexible integration that can be made to adapt to customers’ specific manufacturing operations. The integration uses open data protocols and RESTful APIs. ERP remains the system of record for most data. This integration is a modern foundation on which the integration can continue to grow and add value through a seamless operation between ERP and Advanced MES.

Real-Time Scheduling Improvements

  • Display the assigned shifts for each machine
  • Remove running jobs from scheduled and unscheduled jobs lists
  • Perform a job change on calendar machines automatically
  • Present PM job duration in job schedule
  • New dialog to show assigned shift for machines

HMI Improvements

  • HMI cell list enhancement – Numerical sort order
  • Slovak language translation
  • French translation update HMI and core product

Real-Time Display (RTD) Improvements

  • Down Time Code is now available in addition to Down Time Description
  • Additional Filter on RTD and Web RTD for SQC Samples

Plant Floor Display (PFD) Improvements

  • Configuration of decimal places for data display in the PFD Writer

CF-MIU Improvements

  • CC100 Plc Addition to supported PLCs
  • Digital Input card installation improvements

Data Storage Improvements

  • Material Consumption data being captured by Maguire blenders
  • Storage of Hourly Production Data in addition to by Job and Shift

System Configuration Improvements

  • Enhanced system configuration for CFMIU MIU configuration to show assigned machines
  • Add Plant/Company editor to SystemConfiguration in support of ERP/Mattec MES data integration
  • Add NG Long Cycle machine local aux inputs to MIU cross-reference list

Platform Support Changes

  • Dropping support of SQL Server versions before SQL Server 2012
  • Drops support of Windows Server OS 2008 and 2008 R2

Both are reaching or have reached the end of support from Microsoft.

Source: Epicor Software Inc.

 

For further information about Epicor Advanced MES 8.3, Epicor ERP, and the integration between the two system, please contact us here.


Data V Tech is Epicor’s Authorized Partner with over 20 years of experience in the Asia Pacific. We provide well-timed implementation with full support for software localization. As a one-stop-shop, we offer complete solutions for manufacturing, trading, and distribution businesses, from mobile applications to e-commerce and direct machine data integrations to Epicor Kinetic (ERP) software.

Epicor Kinetic (ERP) is accessible on the cloud, hosted servers, and on-premises. It is flexible and personalizable to individual use, company practices, and multiple industries.

Contact us







14 marketing skills that can help you get hired this year

Marketing skills that can help you get hired this year

Here are the must-have skills you need in 2020 in response to the rapid expansion of digital marketing. Keep yourself updated and stay on top in your career.

1. Content Marketing

Content marketing with Data V TechA quick search on Facebook you will possibly find numerous groups for content writers. Bill Gates once said: “Content is king”, and it is happing right now, that we need many writers, especially high-quality ones. Whichever tools a company is using, it will need more customer-oriented content.

So start writing blogs and join various Facebook content writer groups as well as communities for the passionate about writing. Furthermore, there are several books on content writing that can help you capture audiences and gain more readership. Get yourself a position in the pool, or at least, get yourself informed about where and how to get the right writer.

 

2. Content Management System (CMS)

Content management system CMS with Data V TechContent management system is like a virtual business where you can easily learn on your own how to do the job. WordPress, Wix, and Drupal are some common CMS examples. They differentiate themselves somehow from each other. However, if you understand how a system functions, you can learn to manage all.

 

3. Customer Relationship Management (CRM)

Most businesses are using CRM software to organize and manage interactions between the company and its customers. The software creates a real-time database bridging sales, marketing, and customer service. Popular CRM software includes Salesforce, Oracle, and, particularly in manufacturing, Epicor.

 

Epicor customer relationship management CRM

 

4. Mobile Marketing

mobile marketing - must have marketing skills in 2020It is anticipated that about 75% of all mobile users would have smartphones by the end of 2025, and the global size of the mobile marketing market is expected to continuously grow from 2020 to 2027. Mobile marketing refers to various channels on not only smartphones but also tablets, such as email, SMS and MMS, social media, websites, and apps. Thus, knowledge of mobile marketing would increase the value of your CV and support you significantly when you have to do the job.

 

5. Email Marketing

marketing resumeCompanies still need to increase, retain, and delight email subscribers. It is the fact that email marketing has never lost its value in terms of ROI. By June 2020 there have bill 3.9 billion of email users, which is projected to continue rising to 4.3 billion in 2023. Furthermore, every $1 on email marketing leads to an average return of $42.

Getting yourself familiar with various email marketing automation tools, such as Sendiblue, MailChimp, and Mailjet is one of the very first steps to master this channel. 

 

6. Video Production and Editing

Video Production and Editing - Must have marketing skills in 2020

 

Video is one of the critical parts of the future, as Mark Zuckerburg once said in 2018. Indeed, it is true in 2020. There were 63% of businesses using video as a marketing tool in 2019 and 81% in 2020. Thus, it would be a huge advantage if you master some video production and editing technique and understand how to utilize videos effectively on various channels. Either can you start with Windows Movie Maker or iMovie, or you can produce some short clips online, such as on Powtoon.

 

7. Paid Social Media Advertising

It is always attractive if you have experience in paid social media advertising, and even better if you know how to get the most out of your ads budget. The repetitive ads on social media channels, which now allow you to customize the demographic reach in order to focus on your target audiences, is particularly very popular in branding. This skill is also something you can invest easily for your own future if you are really into social media. Moreover, remember to check out the most popular channel in your destination before you pay.

marketing skills

 

8. Data Science

As many marketing channels have been automated, enormous data are available to many companies. Thus, they usually need someone to interpret the data and help them adjust their strategies, action plans, improve the product, or look for a new one. If you have a passion for data analysis and can do the job, there is a high possibility that businesses are searching for you!

 

9. Consumer Insights

Many companies require need consumer insights – “the study of how people make decisions about what they buy, want, need, or act in regards to a product, service, or company“. Here are some tips to practice this knowhow:

  • Decide your research topic, and make sure you know how to receive the data.
  • Manage your resources to collect data as well as analyze it within the given timeframe.
  • Identify the data collection method.
  • Analyze the data while identifying whom and what might be affected and what to do in response to the possible impacts.

 

To sum up, here are the must-have marketing skills in 2020:

  1. Content marketing
  2. Content management system (CMS)
  3. Customer relationship management (CRM)
  4. Mobile marketing
  5. Email marketing
  6. Video production and editing
  7. Social media advertising
  8. Data analysis
  9. Consumer insights

Source: Data V Tech


Data V Tech is Epicor’s Authorized Partner with over 20 years of experience in the Asia Pacific. We provide well-timed implementation with full support for software localization. As a one-stop-shop, we offer complete solutions for manufacturing, trading, and distribution businesses, from mobile applications to e-commerce and direct machine data integrations to Epicor Kinetic (ERP) software.

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reasons for ERP implementation failure

7 reasons for ERP implementation failure

ERP consultants shared their analysis and takeaways from such spectacular ERP failures as National Grid, Revlon and Waste Management and gave advice on avoiding the same pitfalls.

There are a lot of ways for ERP systems to fail. For one, many businesses rush into rolling out new functions without careful consideration of details — or knowing beforehand the common reasons for ERP implementation failure.

“It takes time, dedicated training and adequate management for ERP to flourish as a proficient tool within your business,” said Jenny Chua, business development manager at The World Management, an ERP consultancy in Singapore.

John Belden, project execution advisory practice leader at Boston-based UpperEdge, an IT negotiations consultancy, commonly sees three key characteristics of these projects that often contribute to ERP implementation failure.

First, ERP implementations are often two to 10 times bigger than previous projects. Second, they are transformational, which means there are winners and losers in the organization as a result of the software implementation. Third, they are generational, which means that an organization may not have done anything comparable in 10 to 15 years.

“A program will have problems when enterprises don’t recognize these issues and try and mitigate these risks,” Belden said.

Examining well-publicized cases reveals a handful of more specific reasons for ERP implementation failure.

Here are seven major reasons why ERP implementations fail and how to avoid them.

Bigger projects tend to put an organization in the position where it is not prepared for the volume and magnitude of decisions required. As a result, overwhelmed teams end up piling on one bad decision after another.

Belden said a classic example was the 2012 attempt by the state online healthcare marketplace, Covered Oregon, to simultaneously implement Obamacare and replace all of its supporting transaction processing systems. It ultimately spent over $300 million and was unable to process a single insurance application through the exchange.

“They created a scenario where the project got so enormous, they could not meet the due dates,” Belden said, or make the decisions that were required. Problems were exacerbated by the need to meet the hard deadline imposed by Obamacare. Belden said he believes the project would have worked out if Covered Oregon had kept the ERP project smaller and restricted it to what would have been required for Obamacare.

The big lesson: Limit the scope of the project to the appropriate time frame.

Generational problems can occur when no one on the program management team understands where the problems are.

“They may have prior experience, but it was 10 to 15 years ago and the people who learned the lessons are somewhere else in the organization or have moved on,” Belden said.

A good example is ICL’s failed ERP implementation in 2014. The project cost ballooned from $120 million to more than $500 million. Ultimately the CEO resigned, and the entire SAP ERP implementation was canceled.

The CEO assigned the project to a relatively new person in the CFO’s office, according to Belden. This project lead was primarily focused on making sure the financials were being incorporated into the ERP rather than taking into consideration the needs of the manufacturing and supply chain sides of the business. Employees in the first factory revolted after they had the new system imposed upon them.

“They got more focused on financial integrity rather than operational integrity,” Belden said.

The lesson: Focus on all users and not just one part of the business.

National Grid’s ERP implementation was essentially blown away by Hurricane Sandy when the utility attempted to consolidate all of its U.S. operations on a common SAP system in 2012. Ultimately, the project took two years to clean up, at a cost of $585 million.

The parent company had successfully worked with the Wipro consulting firm to implement a similar ERP consolidation in Europe. But the ERP project team struggled with major differences in the regulatory environments in the U.S. Wipro suggested the SAP ERP was ready to go live based on test results, but the actual system did not hold up under the increased workload and emergency business processes required to repair the electric grid after the hurricane, which involved special procedures for bringing in workers and materials from other utilities for the extensive repairs.

Belden said the implementation team had focused on “happy path” testing, which involved testing functions under ideal circumstances, but there had been insufficient testing of the system in emergency scenarios. National Grid decided to go live as the hurricane was making its way up the coast.

The key takeaway: It is vital to assess all of the information required to truly determine readiness before going live with a large ERP implementation.

Waste Management ran into some major snags when it attempted a massive SAP installation in 2005. After numerous delays and problems, the company ended up in a $500 million lawsuit against SAP that was eventually settled out of court.

SAP had suggested Waste Management could achieve $106 to $220 million in annual benefits from a consolidated ERP system that could be implemented in 18 months.

Deepak Lalwani, principal and management consultant at Deepak Lalwani & Associates, an IT consultancy, said one big problem was Waste Management’s failure to verify SAP’s claims before making an executive decision. The company quickly discovered there were significant gaps between what was promised and what was delivered in the software.

The takeaway: Verify vendor claims with internal business and technical teams. “Performing proof of concept on critical functionality … can reduce significant risk,” Lalwani said.

Nike thought it could Just Do It when it embarked on a $400 million upgrade of its ERP system in 2000. But the new system resulted in $100 million in lost sales and a 20% drop in stock price when it couldn’t fulfill orders for Air Jordan footwear.

Alex Sharpe, associate principal and management consultant at Deepak Lalwani & Associates said, “Nike was overly optimistic in their goals, and they failed to verify business process met operational needs before deploying the system.”

The lesson: It’s important to set realistic goals, especially with regard to ERP functionality and implementation schedules. Sharpe also recommends defining business and operational needs early on and keeping them in mind when developing systems.

“Ensure you take enough time to test the system for any kinks that need to be ironed out before putting your system into production,” he said.

MillerCoors embarked on an ambitious plan to consolidate all of its financials on a single ERP system to reduce costs and improve operational efficiency. In 2014, it hired HCL Technologies to implement the project, which was stalled by numerous defects. MillerCoors ended up suing HCL for $100 million, which was finally resolved in 2018.

Lalwani said the problem arose because the planning and architectural phases were not given adequate consideration. In addition, many critical defects and other additional problems were identified, but not fixed.

HCL’s core competency was generally regarded as implementation, not planning and architecture.

The lesson: Be sure to have the right expertise for the particular project. “IT is often the toughest and the most expensive part of integrating multiple companies, and they rushed through the planning and architecture phase only to get hurt by it later,” Lalwani said.

Revlon attempted to integrate all of its ERP processes across business units after a merger with Elizabeth Arden in 2016. The new system failed spectacularly after it went live in 2018, resulting in a loss of $64 million in sales, a 6.4% loss in stock price and an investor lawsuit.

A key issue was that Revlon had attempted to consolidate Microsoft and Oracle systems on a new SAP implementation but lacked hands-on experience with SAP. It also decided to go live without making sure the ERP business processes would work as intended.

“Rolling out a system that does not meet operational needs and requirements often leads to adverse business impacts,” Lalwani said.

The final lesson: Mind both the operational and business sides of the ERP equation.

Source: George Lawton


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many businesses in Vietnam and China. For direct consultation, please feel free to contact us.