Determining whether to use Master Production Schedule (MPS) planning or Material Requirements Planning (MRP) planning for items in Infor LX and BPCS involves understanding the nature of the items and their demand characteristics.

Master Scheduled Items typically encompass finished goods or service items. These items receive their requirements either from Independent demand, Dependent demand, or a combination of both...

Advanced Remittance Processing, ARP, provides an automated approach to your cash application process. ARP works together with Accounts Receivable to save valuable time and resources by automatically applying incoming payments to open receivables during daily batch processing. You can easily and efficiently resolve unapplied remittances online.

Advanced Remittance Processing (ARP) is an automatic cash application process that allows you to perform the following functions:

Came across an article online from Lauber CFO’s, and thought I would share. Here is a checklist for things to consider in order to finish out the year and help you plan for 2016:

• Is your accounting records up to date so that you can make a projection of how the current year will turn out?
• Are all account reconciliations currently up to date to facilitate the closing of the books after year-end?
• Are there accounts receivable that should be reserved for or written off prior to the end of the year?
• If your business carries inventory, do you need to plan a physical count as of the end of the year?
• Has depreciation on your fixed assets been recorded during the year? Have you considered depreciation on current year additions?
• Have all new asset purchases and bank loans been recorded on your books?
• Are there any liabilities, for example, pending legal actions or warranty issues, which will need to be recorded prior to the year-end? 
• Do you have a plan in place to properly “cut-off” revenue at year-end to properly match revenue and expense?
• Will there be bonuses, profit sharing contributions, or discretionary retirement plan contributions paid prior to the end of the year? How will these payments affect cash flow?
• Will you be in compliance with your bank covenants at year-end?
• Do you need to make arrangements to receive statements as of the end of the year for the cash value of life insurance, loan balances, etc.?

Just a refresher on a tip I’ve shared previously from Supply Chain Technology Bulletin regarding how to attain greater inventory accuracy. I thought it would be worthwhile to share again:

1. Record data regarding your inventory as soon as the items arrive at your door / receiving dock. With information, you can make decisions. Without it, you waste money, time, and effort.
2. Leverage data collection, label generation, and RFID solutions to make your life easier.
3. Set inventory accuracy goals for the business and for employees.
4. Train your employees so they know what is expected of them, and how to best perform their job and therefore how best to maintain accurate inventory counts.
5. Count the inventory – and do it regularly. Find a method that works best for your employees, and for your business.