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Modern FP&A: The Key to Simplifying the Complexities of Manufacturing Budgets 

Centage

For manufacturing and distribution organizations, this can be especially challenging. Manufacturing facilities must consider their production line capacities, their customers’ end product projections, and fluctuating material costs as they design their revenue goals and inventory requirements. That’s a lot of moving parts.

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Why Data is So Important to Manufacturing Budgets

Centage

Technology has been a boon for manufacturing in a million different ways – from online ordering, to faster invoicing, to optimizing sales teams. While all of this data helps manufacturing companies to be more efficient, when it comes it comes to creating a manufacturing budget , data is also just as critical.

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Inventory Management in Manufacturing

VCFO

How Attention to Inventory Can Make or Break Manufacturers A major factor in determining the success of a manufacturer is how well it manages its inventory. When manufacturers have too little inventory, they can’t fully meet customer demands and lose out on revenue as a result.

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Finding the Optimal Path to Success Using Financial Scenario Planning

Centage

The key is to have a keen understanding of your business drivers, and build your financial plan around them. Or, let’s say a manufacturer has a five-year goal to grow from a $20 million to a $50 million company. Role of Financial Scenario Planning While driver-based budgets are highly accurate, it’s rare that all drivers will align.

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3 Levels of Stress Testing Your 2023 Financial Plan

Centage

The Value of Stress Testing Your Financial Plan. As we approach the end of the fiscal year and begin a new one, business leaders have an overriding concern: How accurate are the assumptions we made when we created our plan? All plans, to a certain extent, are based on assumptions. Scenario Planning and Goal Alignment.

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Why Do I Need ERP If My System Already Works?

Navigator SAP

Enterprise resource planning (ERP) solutions have been around for decades, so you likely have a sense of what they can do. ERP solutions hold vast amounts of data from all of your business operations—ranging from accounting to manufacturing to human resources and beyond—in one central place. Why change what isn’t broken?

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Falling Short – The Limitations of Using Spreadsheets for Modern Budgeting and Planning

Centage

Worse, when your company is ready to migrate to a new financial model, like rolling forecasts and scenario planning , or report on company performance, Excel may hold you back from making the leap to move your company forward. Moving to a rolling forecast while using spreadsheets could mean revamping or recreating your existing system.