SYSPRO ERP software offers users the ability to access “hidden data” as well as “big data.” The ability to access “hidden data” is a must for organizations, such as medical device and food manufacturers, to execute efficient and rapid product recalls, notes SYSPRO USA President Joey Benadretti. “While the utilization of ‘big data’ helps a company identify trends and chart future courses, the importance for numerous companies to have access to ‘hidden data’ cannot be overstated ,” he says. “One of the underlying principles of basing business decisions on ‘big data’ is that the ability to access the volume, variety, and velocity of data tends to compensate for data errors. But,” says Bendaretti, “manufacturers and distributors in a wide variety of industries, such as food, medical devices, automotive, pharmaceutical and others, must be able to connect and correlate relationships, hierarchies and multiple data linkages to facilitate the recall of products that may contain tainted ingredients or faulty parts that could cause harm or even death. And, this is why SYSPRO ERP is the choice of many companies within these industries.”
SYSPRO lot traceability and serial tracking data affords extensive and precise visibility up or down the supply chain, as well as providing specific component to parent tracking, thereby providing the means to expedite recalls, should the need arise. SYSPRO optionally allows specific traceable components to be reserved for specific work-orders, as well as providing the flexibility of specifying the parent traceable numbers at the beginning, during or the end of the manufacturing process. While the average cost of a recall to participating food and consumer product companies can run into millions of dollars, this number excludes the extensive human expense involved in the recalls. The ability and speed to collect the required data can cut recall time to hours rather than days or weeks and significantly reduce the costs of the recall.
Gorant Chocolatier, Boardman, Ohio-based maker of quality chocolates, has stated one of the reasons for the firm’s selection of SYSPRO ERP was extensive traceability functionality. The company stated: “The software’s ability to trace ingredients from origin through the manufacturing process to the ultimate customer not only helps us to accommodate customers who demand this ability, but to fully comply with FDA rules and regulations pertaining to food safety.” Gorant, in fact, did a mock recall that involved tracing the path of a “tainted” ingredient. The recall was accomplished in less than two hours. What is produced and when are vital, but the data of what has gone into the production is also vital.
Manufacturers and distributors utilizing SYSPRO ERP also have the option of running a variety of reports that utilize “hidden data”’ to provide management with effective decision making tools. For example, Brooklyn-based Lee Springs runs a daily report which evaluates stock usage and allocations, indicating which stock items have fallen below required levels and automatically creating a suggested stock replenishment requisition.
Concludes Benadretti: “The implementation of cost- effective SYSPRO software helps both food, medical device manufacturers and a host of other manufacturers and distributors access both ‘big data’ as well as the ‘hidden data’ needed to streamline their supply chains, make effective management decisions and employ extensive ‘backwards and forwards’ component and product traceability for speedy recalls.”
SYSPRO is the leading supplier of ERP software to mid-market manufacturers and distributors. SYSPRO has more than 14,500 licensed customers in over 60 countries around the globe. For more information on SYSPRO, or to schedule a consultation on how we can better serve you, please visit here.
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Jun 04
Guest Blog: What the Marketplace Fairness Act Could Mean for Your Business
All Blog Posts, Customers, Enterprise Resource Planning, Expert Comment, Partnership, SYSPRO
by admin
June 4, 2013
1. Can your business handle the change?
2. Does your ERP system handle the change?
This post will unpack the MFA and how it could impact your business’ tax requirements. Additionally, we will give insight into whether you need to do some planning so your current infrastructure can handle the change.
MFA overview:
Today, if your business sells into states where you have no physical presence—like a warehouse, storefront, or sales personnel—you don’t have to collect sales tax in those states. The MFA would change this by allowing states to require out-of-state businesses to collect sales tax, even if they don’t have an in-state physical presence.
In other words, if you’re based in New York and currently sell into California without collecting California sales tax, MFA would give California the right to make you collect sales tax on sales made to its residents.
There are two caveats to the authority MFA would grant to states.
• First, in order to enact MFA, states must meet certain simplification requirements to their tax codes, like providing a centralized sales tax administration for both state and local jurisdictions. Currently 22 states have tax codes that would automatically meet these requirements. Learn more about which states would have the easiest time implementing MFA: http://salestaxchanges.com/#map
• Second, in its current version the bill makes an exception for businesses that gross less than $1 million per calendar year in total U.S. remote sales. Learn more about the small seller exception here.
What it would mean for your business
If the bill passes, you may have to start collecting sales tax in states where you currently don’t collect, provided that you don’t qualify for the small seller exception. For some businesses this will mean a significant increase in the amount of states where they have to collect, file, and remit sales tax.
In addition, the bill would not change any of your current sales tax requirements. If you collect and file Illinois sales tax, you will continue to do that, with our without MFA.
What you can do to get ready:
Most ERP systems have inherent or limited ability to manage complex tax situations. In this case, the real overhead is not only setting up but also the ongoing maintenance of tax tables. So either way, check to see if your ERP system integrates with AvaTax. If it does not, start looking at a system like SYSPRO.
AvaTax, the cloud-based tax management solution, is a fully-integrated add-on. With modest set-up required, AvaTax populates the taxability tables and sales tax fields in the order-entry screens. SYSPRO users and their customers both benefit. Users don’t have to learn any new systems and customers get current and accurate sales tax calculations.
While sales tax calculation and remittance may seem to be more complex with this pending legislation, SYSPRO clients have relief and can rest easy knowing their company can easily handle the MFA changes.
Learn more about being ready for sales tax changes during a webinar on June 13.
Register here.
-Will Frei, Sales Tax Specialist- Avalara
SYSPRO is the leading supplier of ERP software to mid-market manufacturers and distributors. SYSPRO has more than 14,500 licensed customers in over 60 countries around the globe. For more information on SYSPRO, or to schedule a consultation on how we can better serve you, please visit here.
Tags: Business model, Business philosophy, Business software, Distribution software, Enterprise Resource Planning, Enterprise software, ERP, ERP software, Manufacturing, Manufacturing software, Responsible ERP