There are a number of definitions for supply chain optimization. Our perspective is a broad definition, where the goal of supply chain optimization is to maximize revenue and/or product margins by building the right thing at the right time for the right people. To achieve this goal requires a sophisticated level of understanding and action. […]
Accelerate Your Month-End Close with Tensoft Revenue Lens
Tensoft Revenue Lens is a powerful solution designed to streamline revenue recognition and simplify your month-end close process. It starts with uploading monthly revenue agreements via Data Management > Data Import, followed by computing revenue for the selected period using methods such as straight-line, milestone, or percentage-based calculations. Users can generate change reports to monitor […]
How to Manage Dates for Financial Period Close in Tensoft SemiOps
Managing financial period close in Tensoft SemiOps requires a clear understanding of how different types of dates are handled or used throughout the system. In this blog post, I’ll cover the three key dates you need to manage in SemiOps and how they impact your financial close and reporting. Transaction Date A transaction date is […]
A Quick Overview of Tensoft Revenue Lens
Subscription companies, companies with deferred revenue, usually start by managing revenue in Excel. Revenue recognition in a spreadsheet makes sense when you are a small company because it’s a small data set, material, less revenue going through the system and fewer transactions. When your company starts growing revenue management gets complicated. Sometimes the challenge is […]
Semiconductor Industry Revenue and Variable Consideration
Semiconductor Industry Revenue The value chain in the Semiconductor Industry can have companies selling directly to end customers for their products, or through distribution and contract manufacturing channels to reach your end customer. When you are selling through an extended value chain the end price for the product sold may not be known at […]
Rework Vs Scrap and Bonus
We recently explored one of the most requested topics: Rework vs Scrap and Bonus, and the best practices for using them. Below are a few highlights from this session that you may find helpful. Rework A rework is a type of production order that allows you to move inventory through a test step again, or […]
How to Optimize Price lists in DemandOps for Sales and Revenue Tracking
Price lists in Tensoft DemandOps serve as the backbone of your sales transactions. They ensure that the correct prices are applied consistently across quotes and sales orders. Optimizing price lists in DemandOps is about creating a system that supports your sales strategy and simplifies operations. These price lists can be based on Internal Parts (used […]
ERP Built for Semiconductors: XMOS Finds the Perfect Fit with Tensoft SemiOps
You basically cover the whole flow from manufacturing all the way to shipping orders to our customers. Everything is tailor made, or custom made to the fabless or semiconductor companies demands or requirements. So, I think that’s a very, very good fit for the industry and for our company as well obviously.” – Sunny Suen, […]
Momentum: Tensoft’s Virtual User Conference Starts Next Week!
We’re thrilled to announce Momentum, Tensoft’s virtual user conference, designed exclusively for Tensoft customers! Whether you’re working with Tensoft SemiOps, DemandOps, Revenue Lens or Microsoft Dynamics 365 Business Central, this is your opportunity to supercharge your learning with insider tips, expert insights, and live demos. No matter your experience level, Momentum will empower you to […]
Everything You Always Wanted to Know About Manufacturing in the Semiconductor Industry
Semiconductor manufacturing stands apart as a unique process when you compare it to other manufacturing processes. From a systems perspective, production in most manufacturing industries is either discrete or process manufacturing – semiconductor manufacturing can be defined as process manufacturing with a discrete outcome. Here’s what I mean by that. The semiconductor manufacturing process is […]