Manufacturing & Distribution

Fraud Risks: 6 Operational Functions Manufacturers Should Review

Posted in Accounting, Audit and Tax | Managed IT Services | Managed Security | Manufacturing & Distribution | Technology | Security on March 17, 2016

Generally speaking, there are only a few operational areas within a manufacturing and distribution (M&D) company where employee dishonesty involves the theft of money. These hot spots – cash and payment operations, accounts payable, payroll and purchasing – are key areas of focus in the theft prevention process. [More]

Top Ten Tips for Successful Material Requirements Planning

Posted in ERP & CRM Software | ERP Software | Manufacturing & Distribution on February 9, 2016

For most manufacturers, conducting material requirements planning (MRP) is a critical process that should be ran on a daily basis. With reliable MRP, a company could expect to see an increase in on time shipments, additional happy customers, lower inventory carrying costs and less inventory shortages. [More]

Industrial Equipment Manufacturing: Manufacturing Projects Versus Construction Projects – What’s the Difference?

Posted in ERP & CRM Software | Manufacturing & Distribution | Technology on January 19, 2016

There are fundamental differences between manufacturing and construction projects from an enterprise resource planning (ERP) system perspective. [More]

Repair Regulations Offer Opportunity for Distributors

Posted in Accounting, Audit and Tax | Manufacturing & Distribution on January 14, 2016

After almost 10 years, the Internal Revenue Service (IRS) has issued the final set of repair and maintenance cost regulations. Known as the “repair regulations,” these rules also address tax treatment of smaller property purchases and disposals. While the new rules may be lengthy, complex and controversial, they are a reality distributors need to face. [More]

Updated FASB Guidance Clears Up Complexity Issues for Measuring Inventories

Posted in Accounting, Audit and Tax | Manufacturing & Distribution | Inventory Management on August 25, 2015

Lower of cost or market is a well-known method used to measure inventories, however it can be complicated since "market" has several definitions. In efforts to alleviate the complexity, the Financial Accounting Standards Board (FASB) recently issued a guidance to simplify this accounting principle. [More]

New Manufacturing White Paper: Overcoming the Five Barriers to Business Growth

Posted in Accounting, Audit and Tax | Supply Chain | ERP & CRM Software | Manufacturing & Distribution | Industrial Equipment Manufacturing Innovation | Technology on July 29, 2015

As manufacturers are thrust into the 21st century, they are focused on overcoming complex issues in order to evolve their business and remain competitive. Sikich conducted a survey to better understand the issues and challenges facing the manufacturing industry and the results were surprising. [More]

Navigate NAV 2015 on Tablets

Posted in ERP & CRM Software | Microsoft Dynamics NAV & NAV-X | ERP Software | Manufacturing & Distribution | Technology on July 22, 2015

The interesting thing about running a business in 2015 is the growing importance that mobile technology is going to have. All the technology is there to operate a company from anywhere in the world, and ERP systems are making the leap with powerful dashboards at the literal tip of your finger. [More]

Are You Prepared for the Financial Hit Disability Can Bring?

Posted in Advisory | Insurance Services | Construction | Manufacturing & Distribution | Oilfield Services on July 13, 2015

Disability can strike like a bolt from the blue: unexpected, unwelcome and unaccommodating. And unfortunately, many people are completely unprepared for the financial hit that it can bring. [More]

How to Avoid a Manufacturing Costing Collision

Posted in ERP & CRM Software | Microsoft Dynamics AX | Manufacturing & Distribution | Technology on July 7, 2015

Manufacturers are often too familiar with the struggles between the shop floor and the back office, particularly when it comes to manufacturing costing. One of the main issues contributing to those challenges is overhead costs, including how they are calculated and the logic behind those calculations. [More]

The Benefits of an Interest-Charge Domestic International Sales Corporation

Posted in Accounting, Audit and Tax | Tax | Federal Tax | International Tax | Manufacturing & Distribution on June 9, 2015

An Interest-Charge Domestic International Sales Corporation (IC-DISC) provides U.S. exporters the ability to defer tax on income generated by up to $10 million of export sales each year. In addition to deferral, closely held exporters can benefit from an IC-DISC by taxing the income from export sales as dividend income. [More]

Inside Track of IT Episode 3: Keys to the Kingdom

Posted in Agriculture | Construction | Managed Services | Managed IT Services | Managed Security | Manufacturing & Distribution | Not-for-Profit | Oilfield Services | Technology | IT Consulting | IT Infrastructure on June 5, 2015

If you are an employer who has an employee with all the keys to the digital infrastructure of your business, you are putting yourself at massive risk. With something so vital like a well-run IT department, controlling the keys to the kingdom is something your business needs to think seriously about. [More]

Corporate Boards and the Age of Digital Transformation in Manufacturing

Posted in Advisory | ERP & CRM Software | Manufacturing & Distribution | Technology on May 7, 2015

From a business perspective, few industries in the U.S. have experienced the impact of this digital transformation more than manufacturing, and the pace of technology-driven change in manufacturing shows no signs of abating. In fact, some industry observers cite this new age of digital transformation as the transition point for a new global industrial revolution―Industry 4.0. [More]

15 Facts About the Internet of Things

Posted in Manufacturing & Distribution | Technology on April 9, 2015

The emergence of the Internet of Things (IoT) has the potential to transform the world, from organizations in every industry to your home. The uses are seemingly endless and new advances are made every day. Whether you are new to the idea of intelligent devices talking to one other or not, here are 15 things you should know about IoT. [More]

7 Ways to Determine if You Need a New Job Infographic

Posted in Advisory | Agriculture | Careers | Construction | Government | Healthcare | Manufacturing & Distribution | Not-for-Profit | Oilfield Services on April 2, 2015

Are you happy and fulfilled in your career? Have you considered another role, company or industry? [More]

Lean Manufacturing: How Microsoft Dynamics NAV Can Reduce Muda

Posted in ERP & CRM Software | Microsoft Dynamics NAV & NAV-X | Manufacturing & Distribution on March 27, 2015

If you work in the manufacturing industry, then you’re familiar with the inefficiency of some operational processes. Often, these processes incorporate a significant amount of muda, or waste, which takes away from value-added business. Manufacturers today are embracing the lean culture and determining how they can use its fundamental principles to create a continuous flow from purchasing to production. [More]



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Disclaimer: This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.