Common Challenges in Manufacturing
- Disconnected sales forecasting/demand planning process
- Detailed bill of material planning
- SKU-level planning
- Seeking to incorporate detailed operational metrics in the planning process
- Variable and fixed overhead expense cost allocations
- Capital-intensive structure with the need for flexible depreciation methods
- Direct labor budgeting based on machine hours
- Lack of true consolidation processes with eliminations, reporting, reconciliations and roll-forwards
- Disparate systems resulting from mergers and acquisitions over time
Aavid Thermalloy Case Study
When challenged with consolidating and simplifying their global multi-entity close process, implementation of the Planful (Host Analytics) consolidation tool created a source for consolidation, roll-forward schedules, annual reporting and ad hoc analysis.
