Within the fabless semiconductor industry the standard cost approach is usually the norm, but some still argue for the use of actual cost. In reality, actual cost methods – such as specific identification, moving average, FIFO, and LIFO – are less able to deal with the complexities of the semiconductor industry. Actual cost is a […]
Quick Ship Functionality in Tensoft SemiOps
Below is a full transcript from our latest training video on the new quick ship functionality in Tensoft SemiOps. “In this demo, we will be going over the new quick ship functionality. The quick ship screen is going to be under the Shipment module in SemiOps. It’s going to be Quick Ship DO. So, when […]
The Importance of a Good ERP Partner
We know from experience that companies don’t always really consider the importance of an ERP Partner’s experience working with other companies in their particular industry. Some companies may choose their ERP implementation vendors based on their size, or the number of overall implementations that they’ve done, but far fewer ask this critical question: “How many […]
Momentum 2.0: Tensoft Customer Conference Kicks Off May 10
Tensoft will be hosting its first customer conference for 2022 in May. Planned for May 10 & 11, this conference is dedicated to Tensoft SemiOps and DemandOps, Microsoft Power BI and Microsoft Dynamics 365 Business Central. For those who are unaware, Momentum 2.0 is our online customer user conference. Since 2018 Tensoft has been hosting […]
Key Reports in Tensoft Power BI Dashboard | Semiconductor, IoT and AI Industry
Building on years of experience in Semiconductor industry, Tensoft has developed an industry-specific Power BI dashboard to help its customers gain more insights into their data. In this video, I’ll cover some of the key reports in this dashboard. The following is a full transcription of the video above: “This is our pre-built Power BI […]
The Impact of the SaaS Model on Customer Service
The SaaS model is clearly here to stay, and it feels that every day a new offering is born, whether from a brand new start up or from a company with an established history of selling traditional on premise software products. From a customer perspective, the benefits are clear – lower initial upfront costs, higher […]
How to Get an Industry-specific Fabless Semiconductor ERP That Works for Both Finance and Operations
In today’s post-modern ERP world, many emerging companies reject the monolithic “all-in-one” solution of the past. Instead, they’re opting for a best-of-breed cloud approach, which is now well-supported by current integration technologies. So, this popular approach no longer requires a large IT department (and budget). Consequently, it’s easier than ever for mid-sized companies to get […]
Tensoft DemandOps: What Does It Do?
Here at Tensoft, we’re always trying to find new solutions to handle the industry-specific needs of our customers. One recent example of this is Tensoft DemandOps, which we built based on customer feedback to deliver industry-specific functionality for semiconductor sales operations. More broadly, it’s designed to meet the needs of companies who sell through extended […]
A Fabless Semiconductor Firm Runs Tensoft’s Supplier Integration Application
Editor’s Note: This post was previously published on May 24, 2018 and updated on January 20, 2022. The following is a transcript of an old interview with Heather Salonga, former Tensoft ERP Consultant. She was in the unique position of having initially been a Tensoft customer and then working with Tensoft, helping customers to implement […]
Postmodern ERP: How Did We Get Here?
A few years ago, Gartner introduced the term “Postmodern ERP.” In an earlier blog post, I discussed how they define it, as well as an alternative definition. And, I also described how this relates to Tensoft and its solutions. But I left the question of “how did we get to postmodern ERP?” for another time […]