pVelocity gathers information from production and financial systems to provide profit visibility across the enterprise -- including, sales and marketing, customers, products, and manufacturing.
Overview
Enterprise systems are rich in transactional history. Manufacturers tap into production systems to gain manufacturing insight into shop floor efficiencies, continuously improving manufacturing processes to obtain better yield, quality and service. Similarly, financial systems provide a means to gather, consolidate, reconcile, and report on commercial transactions, continuously providing the financial pulse of the organization.
Using such systems it's difficult for manufacturers to correlate poor financial performance to individual products and individual customers. As a consequence, activities to improve profitability lack the precision required to have the desirable effect. Broad decisions -- such as those taken to cut costs, raise prices, and get more customers -- may sometimes have adverse effects on volume and margin if specific product and customer profitability targets are not considered.
pVelocity combines the information from production and financial systems to expose the profitability issues related to specific products and customers. Manufacturers can use this visibility to explore actionable options to improve their customer and product mix, hence improving profit.
Functionality
pVelocity provides visibility to the following data related to profitability:
Sales
Customers
Product prices
Product costs
Market segments
Product groups
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Operations
Products
Bill of materials
Lines
Equipment utilization
Manufacturing orders
Procurement
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Finance
Standard costs
Actual costs
Segmentations
P&L
Budgets
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Business benefits
- pVelocity is a single source of Manufacturing Profit Intelligence that increases executive alignment. In many companies, the sales, operations and finance teams spend a great deal of time and effort debating and defending the accuracy of their numbers rather than on actually charting a strategic course for the company's product and customer mix. pVelocity introduces a consistent methodology of profit measurement across the enterprise.
- pVelocity's intuitive and flexible user interface allows users to easily gain various perspectives. Through its innovative display, pVelocity allows all decision makers to see a consistent view of sales, operations and finance that can be "sliced and diced" to uncover profit data.
- pVelocity allows manufacturers to proactively manage profitability. Profitability information provided at the product and customer level can be used to align the order quoting process with the corresponding manufacturing process.
- pVelocity's comprehensive solution reduces reporting and data mining efforts to find, compile, and maintain data reports. Flexible and powerful reporting features make report creation more timely by reducing the effort normally associated with this critical activity.
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