Plastics Manufacturing

Using Rebates to Drive Revenue in Plastics Manufacturing

Using Rebates to Drive Revenue in Plastics Manufacturing

If you don’t care about driving profitable Plastics Manufacturing revenue, you can stop reading right now. Rebates are an incredibly fair way to discount products since the rebate (discount) is based upon actual sales, not projected. And, you control the complexity or simplicity of the program dependent on your sales requirements. The goal of rebates…

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A Taste of Sales Forecasting Using Azure Machine Learning

Azure Machine Learning Predictions

The concept of Machine Learning is not all that new, though better tools and technology have opened the door to new use cases and applications. It can be daunting, but the best place to start is with an abundance of data. While some data may not seem particularly important, if it is easily accessible it…

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Resin Price Visibility Protection in Plastics Manufacturing

What did you pay for the resin (PP, PS, PE, PET, PVC, etc.)? It’s like something out of a James Bond movie… Whether it’s for competitive reasons or some sales guy who’s trying to negotiate a better deal, pricing is a sensitive subject and what you’re paying for a raw material that makes up a…

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Managing Purchase Order Lead Times in Plastics Manufacturing

Managing Purchase Order Lead Times in Plastics Manufacturing

In Plastics Manufacturing with resin and additive price fluctuations, sales forecast volatility, and varying levels of self-imposed risk, it is important to manage procurement. Minimizing inventory and the holding costs associated can sometimes take a backseat if other volatility warrants possibly over buying. Strategies around what, when and how much will always be important to…

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Building Intelligence Into Your Plastics Manufacturing ERP System

Building Intelligence in Your Plastics Manufacturing ERP System

Intelligent ERP. This phrase is gaining momentum and it’s being spurred by Digital Transformation. Plastic Manufacturers are always looking for performance improvements to allow selling and producing more with fewer resources at a lower cost. While Machine Learning, Artificial Intelligence and other advanced analytics offer exciting opportunities in areas where predicted outcomes can make a…

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Project Recovery or Considerations for Your Next ERP Implementation

Money Pit. Throwing good money after bad. You think the original decision was bad? Think again… The problem with your original ERP decision wasn’t necessarily the initial decision; it was the series of bad decisions that occurred afterwards. For Plastics Manufacturers – with already tight margins, resin price dependence, and growing customer expectations – a…

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The Importance of an Easy-to-use ERP in Plastics Manufacturing

The Importance of an Easy-to-use ERP in Plastics Manufacturing

Full featured, consistent and easy to use? Good to have ERP goals, right? But, are they mutually exclusive? You’ve outgrown your current Plastic Manufacturing ERP system. Processes have also become more complex and it’s time to evaluate ERP systems that will not only consistently support these processes and functionality but also be simple to use.…

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In the Cloud, On-Premise, or Hybrid: Whats Best for Plastics Manufacturing?

In the Cloud, On-Premise, or Hybrid in Plastics Manufacturing

It’s easy to get caught up in all the Digital Transformation and Cloud discussions. But, in a competitive industry like Plastics Manufacturing, companies have had to be frugal in their IT spending and generally manage their servers and applications with a relatively small group of professionals. While Microsoft has spent an enormous amount of money…

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How Customized Will Your Next Plastics Manufacturing ERP System Be?

Plastics Manufacturing ERP System

There’s an age-old question that will likely continue for many, many years… In buying your next, incredibly expensive ERP system, how much should we customize the system?  First, some definitions: Configuration – Highly configurable systems offer tools and options that provide numerous permutations to meet the functionality and process of your business. Normally, these configuration options…

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Building Your Own Plastic Manufacturing Color Sensor Quality Lab

Plastic Manufacturing Color Sensor

As Plastic Manufacturers continue on the “Yellow Brick Road” toward world class OEE performance, quality will remain an important element. Having to scrap parts or an entire production order due to poor quality is more prevalent than often reported. A few months ago, we showed a video with a temperature sensor, real-time streaming, and alerts…

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