Visibility Blog

PROJECT VISIBILITY - WHAT THE TO ORDER COMPANY NEEDS

Posted by Scott Cranford on May 29, 2018 3:30:00 PM

Project manufacturers require management information to insure timely delivery and an on-time, on-budget outcome. Project manufacturers also require speed and fiscal timeliness of their project managers and financial managers to ensure no delays or financial obstacles. There are many critical aspects to each project which managers must be on top of. Examples like project, customer, status, time and costs. Using these dimensions, several measures need to be viewed to include actual and estimated hours and costs along with other data.

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Topics: Business Intelligence, ERP, Project Accounting

Key Challenges for Project-Based ETO Manufacturers

Posted by John Nugent on May 16, 2018 9:30:00 AM

Many Engineer-to-Order (ETO) manufacturers operate their business on a project basis managing and delivering activities outside the normal product costing models. There are typically a handful of projects in process at any one time, yet they can be sizable and often last a year or longer. Unable to carry the financing on these projects, these manufacturers employ progress billing to maintain cash flow.

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Topics: ERP, Project Accounting