Bob Scarborough, Author at www.tensoft.com Page

Infographic: How to Measure the Return on Investment (ROI) of an ERP Implementation

June 10, 2021 by Bob Scarborough

A question that we’re often asked is: “How do you estimate the anticipated ROI of an ERP system, and what methodology works best for this?” There are five main areas that should be evaluated to determine this: 1) IT costs, 2) productivity, 3) visibility, 4) risk, and, 5) audit and compliance impacts. Here are some […]

Prioritizing Product Innovation

May 24, 2021 by Bob Scarborough

Our product innovation goals need to match our strategic goals – if we want to grow and best support our customer community, our product development needs to be a central component to our strategy. Strategic product innovation will focus on what ease of use or functionality blocks are needed to move us where we need […]

Supply Chain Optimization – What Is It?

April 1, 2021 by Bob Scarborough

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. […]

3 Reasons to Implement ERP Before Production Ramps

March 18, 2021 by Bob Scarborough

Every technology setup is looking to grow, and to grow rapidly. The point where your production and sales are starting to ramp is exciting and challenging. Investing in your next level of ERP needs to be done – the only question is when to do it. Choosing the right ERP solution can have a huge […]

An Introduction to Standard Costing in the Technology Industry

January 20, 2021 by Bob Scarborough

[The following is a partial transcription of the beginning of a recorded Tensoft SemiOps training webcast, which is available to anyone who’s interested – see video here.] “While semiconductor manufacturing is a process, it also has fixed outcomes, which makes it unique. So it’s not really process manufacturing like food, oil and gas, or paint […]

Why You Need an ERP Partner, Not an ERP Vendor

December 30, 2020 by Bob Scarborough

When you make a decision to purchase an ERP system, you’ll almost certainly also be making a decision on an implementation solution provider as well. Some companies define the relationship with their solution provider as a customer/vendor relationship – a relatively adversarial relationship where the vendor must be closely managed and their “feet must be […]

A Framework for Analyzing Your Company’s Revenue Recognition Needs

November 19, 2020 by Bob Scarborough

There are many scenarios where what you sell does not move directly to revenue. Revenue is deferred largely because it has not been earned yet due to some need to deliver over time or possibly events that have not yet occurred. When you need to defer revenue you need to identify the sale to the […]

Tensoft SemiOps: How Industry-Specific Functionality Makes It Unique

August 13, 2020 by Bob Scarborough

Our fabless semiconductor management solution – Tensoft SemiOps – has been purpose-built for the semiconductor industry, which is why we’ve amassed a long list of semiconductor customers over the years. We’ve seen how Tensoft SemiOps has benefited these customers by providing out-of-the-box functionality that can be deployed quickly; functionality that’s not available out-of-the-box anywhere else. […]

eCommerce Revenue Recognition Pitfalls for Technology Companies

July 23, 2020 by Bob Scarborough

Revenue recognition is a big topic, especially if you are a technology company. The accounting standards are complex when determining what is revenue, when it can be recognized, and even how it is allocated among the line items in a single sales transaction. Multi-element arrangements – sales of multiple related items in the same sales […]

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