The software industry has no shortage of three-letter acronyms, so let’s get right to answering the question. CPQ stands for configure, price, quote. More specifically, CPQ is a category of software that helps enable the business processes of configuring, pricing, and quoting a product or service.
Infor ERP is a comprehensive and technologically sound enterprise resource planning solution that’s tailored toward manufacturing. A large part of the reason Infor offers such a comprehensive system is due to its ability to seamlessly integrate with third-party platforms software using APIs (application programming interfaces).
If you have a Tier 1 Infor manufacturing ERP application, like Infor LN or Infor M3, using Infor Consulting Services (ICS) may make perfect sense. Infor has a large and experienced team that provides implementation and consulting services for what is often a global deployment of these applications.
Many project based, engineer to order, and capital equipment manufacturers make the mistake of not prioritizing the service division of the business. The ramifications of this mistake are huge—organizations end up lacking the ability to generate higher margin activities, increase customer satisfaction, and differentiate their offerings to the market. But by prioritizing your service division and having an integrated service management software, your business will experience a multitude of benefits.
When looking for a new ERP solution, most companies are seeking to fix areas of the business that are struggling. Some companies may not have an ERP and want to move away from spreadsheets and QuickBooks. Others have an ERP that is not performing in a manner that meets the organization’s needs.
We find that many of our prospects and customers may not understand what consulting means and how it can be applied to their situation.
SAP is arguably the most recognized name in Enterprise Resource Planning (ERP) software, and it is ranked number one in ERP revenue. Its ERP product is designed to serve the Tier 1 market. The best way to define the Tier 1 market is to think in terms of a Fortune 1000 company. The revenue of a company that makes this list is defined in billions, not millions. In 2020, the company that ranked last on the list was PC Connection, with revenue of $2.85 billion.
An ERP implementation in the manufacturing industry typically consists of two companies—the company that provides implementation services and the company that procures them—working together to successfully bring the ERP implementation live.
Here's a simple concept: Measure what you want to improve. Six simple words, but put together they convey a powerful concept that can transform manufacturing companies. (Point of reference: Visual South works with small to medium-sized manufactures that use work orders.) It’s a basic concept that’s hard to argue with: Collect data, see where the data leads you, and make changes that have a positive impact on the data. Repeat often.
