Primarily due to rapid development of technology in the past thirty years, the market structure throughout the world has changed considerably. Local markets have become accessible to foreign manufacturers, who are able to perform well in their newly established territories in part due to their superior application of technology. In this light, most companies, including small and medium size, have embedded globalization in their expansion strategies, consistently seeking for new markets abroad. Consequently, local manufacturing companies are facing global competition, forcing them to adopt new concepts with respect to people, process and technologies. This document describes these approaches to production planning in detail as well outlines a software solution. The software solution (Production/3) combines both pull and push techniques and enables small to medium size organizations to fully automate their production system while retaining their investment in their legacy enterprise resource planning (ERP) systems.
cash management solution
cost of raw materials. Cash Flow Projections graph (all currency is in thousands of dollars) depicts the total cost of system ownership including software, hardware, support resources and continuous training of production staff as well as quantifiable business benefits. In this scenario, it is our estimate that system will generate a quantifiable net present value1 of $826K in first three years. Next Steps If you are looking to acquire a new production planning system or would like to leverage the