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 […]
Overview of Bookings, Billings and Backlog Reporting
Here is a quick overview of bookings, billings and backlog in Tensoft SemiOps and DemandOps: Bookings Booking is an order that is entered in DemandOps and any update to it is the booking change. The bookings are based off of sales order entry date. If you go into any order and click on the information […]
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 […]
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 […]
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 […]
Month-End Close: Cost and Variance Analysis in Tensoft SemiOps
Most companies in the semiconductor industry typically use the Standard Costing method and so we have a great deal of experience using it. In fact, Tensoft SemiOps uses the Standard Cost model. You set up a goal or standard for what you expect to pay your vendors or what you expect the output yield to […]
Standard Inventory Costing for Fabless Semiconductor Companies
Since most of our high tech and fabless semiconductor customers use standard costing, we’ve had quite a bit of experience advising companies on how to set up standard costing, and thought it might be of interest to a wider audience as well. As a starting point here then, I’d like to spend a little time […]
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 […]
2021 Year in Review: Top Tensoft Blog Posts
It feels like yesterday when we were bidding goodbye to 2020 and were ready to roll into 2021 hoping things will be back to normal. But 2021 surprised us all! It redefined “normal” in many ways. While none of us know how 2022 will look like, one thing you can be sure of is our […]
Current Trends in Semiconductor Industry
Over the last year, it’s become common knowledge that the COVID-19 pandemic has disrupted global supply chains – almost every consumer has been affected in one way or another. One of the things that happened in the semiconductor industry is that chip production for the auto industry fell off in 2020 due to auto factory […]