27 February 2018 / Blog
JDE Upgrade Blog Series: Get Your Inventory & Forecasting in Gear with JDE E1 9.2
Your manufacturing or distribution organization is lacking automation, inventory management and job forecasting capabilities, leading to cost overruns, missed deadlines, and customer complaints.
The economic downturn of 2001 and the Great Recession of 2008 have had a lasting effect on American manufacturing’s innovation capabilities. Still, the sector is at a tipping point. New technologies, shifting global markets, and economic volatility are challenging industry leaders to look at new ways to innovate, improve and optimize micro- and macro-processes to compete.
As manufacturers rethink their systems, processes, and labor force, they are working out new and better ways of getting the job done. Especially in the areas of inventory management, job forecasting and visibility into assets, workflows and projects.
This outlook is an opportunity to utilize best-in-breed systems like JD Edwards to build capabilities for the future, not only of an organization, but the industry as a whole.
JD Edwards EnterpriseOne 9.2
When you upgrade your JDE applications, new functionality includes:
Outbound Inventory Management optimizes inventory performance and significantly reduces business complexity for suppliers in the consumer goods, manufacturing and distribution industries, increasing new and existing customer business and boosting supplier profitability. The 9.2 Inventory Management module handles the complete VMI/Consignment lifecycle -- from defining agreements through ordering, shipments, invoicing and replenishments, supporting stronger customer collaboration, reduced customer stock-outs, and improved forecast accuracy.
Advanced Job Forecasting delivers key capabilities for project-focused industries, such as engineering and construction, to prevent project cost overruns due to lack of detail forecast visibility. It provides several new forecast calculation methods and the ability to create user-defined calculations, enabling more accurate cash flow management throughout the project lifecycle.
With Advanced Job Forecasting, users gain real-time financial visibility into budgets, actuals, open commitments, change orders, remaining work and estimates at completion. Managers can easily track and audit the expected detail labor and material expenses remaining on a project, minimizing cost and time over-runs.
Each forecast can cover anticipated material quantities and material cost changes, as well as specific skill sets and pay levels required for remaining job phases. Furthermore, users can save and compare multiple forecasts (what-if scenarios) and store audit trails of forecasted versus actual factors for at-a-glance planning.
Work Center Load Review Calendar provides daily, weekly, and monthly calendar views of scheduled work center resources with a real-time view into remaining available capacity. The application displays over- and under-capacity conditions in an intuitive graphical format and provides drill-down options to make scheduling adjustments, update work orders, and support planning. This information enables production schedulers to make scheduling decisions and changes more quickly and easily.
Velocity’s Manufacturing ERP Cloud Services:
Help your manufacturing business run faster, more efficiently, and scale globally to respond quickly to market demand with Velocity. We leverage innovative solutions from JD Edwards and other ERP leaders that increase operational flexibility, reduce costs, and leverage accelerators for businesses in manufacturing, including:
- Chemical manufacturers
- Industrial manufacturers
- Consumer packaged goods (CPG)
- High technology
Interested in learning more about JDE Upgrade Services? Contact us below.