At Tensoft, we put customers at the center of our business. We believe in empowering our customers with the best resources possible to make their work life easier and more productive. As a part of our customer commitment, we launched a new and improved version of Tensoft CustomerSpace few years ago. This one-stop location for […]
Why You Need an ERP Partner, Not an ERP Vendor
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 […]
Overview of Microsoft Power BI
Tensoft hosted a customer- exclusive webinar “Reporting with Microsoft Power BI” at Momentum 2.0. This webcast provided a brief overview of Microsoft Power BI and a quick demo on setting up some data sources from Tensoft applications like SemiOps and DemandOps, and Microsoft Dynamics 365 Business Central. Below is a partial transcription of this presentation: […]
Multi-currency Procurement for Outsourced Manufacturing in Semiconductor Industry
One of the best features in Tensoft SemiOps is multi-currency procurement. In SemiOps, there are two forms of currency – functional and procurement. The functional currency is the currency that SemiOps uses for costing, variances, and valuing inventory. The procurement currency is the currency that you use when you procure or purchase through the Purchase […]
An Introduction to Standard Costing in the Technology Industry
[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 […]
Rework Vs Scrap and Bonus
During our Spring Momentum, we covered one of the most requested topics on ‘Rework vs Scrap and Bonus’, and the best practices to use them. Below are a few highlights from this webcast that you may find helpful. Rework A rework is a type of production order that allows you to move inventory through a […]
How Revenue Recognition Can Help Align Sales and Finance (Instead of Pitting Them Against Each Other in a Spiral of Death)
Revenue recognition – and the finance team that applies it – often ends up being the bane of creative sales deals, seen as cramping the sales department’s ability to maximize the amount of money that they bring in the door. This is the natural result of the very different goals of finance and sales. Finance […]
Tensoft SemiOps: A Solid Semiconductor Operations Management Platform
From operations management to scalability, hear how Tensoft SemiOps helped Efficient Power Conversion, a GaN semiconductor company based in California. Massimo Marabotti, the CFO of EPC, recently joined us for video interview to share how Tensoft SemiOps fits their business model well. Watch the case study video or read the transcript below: “My name is […]
Answers to Your ERP Selection and Implementation Questions
Today’s blog features a Q&A session with Tensoft’s ERP implementation expert. 1. What factors typically drive the decision to implement to a new accounting or ERP solution? Several factors can be involved at any one company. I’d say that the need to support growth and change tops the “short list’ of reasons that companies decide […]
Top Tensoft Blog Posts of 2022
As we wind down this year and start planning for the new year, we want to take a moment to share our list of top Tensoft blog posts with you. In 2022, we covered an array of blog post topics providing insights on the supply chain and ERP solutions developed specifically for the semiconductor industry. […]