October 18, 2020
The economic challenges presented by COVID-19 have put the Remanufacturing (aka 'Reman') industry in the spotlight*. Cost-conscious businesses are recognizing the value that Reman provides. That's because Reman empowers businesses in industries from autos to electronics by re-manufacturing previously sold and unusable products that would end up in a dump into 'like-new' or 'better-than-new' condition--at less cost with les labor and materials.
This sudden surge in interest is having unintended consequences. Many Remanufacturers are worried that their legacy enterprise resource planning (ERP) systems may limit their ability to participate and benefit from the industry's upswing.
Remanufacturers who are concerned about their ability to scale up at this moment of opportunity should know that an enterprise level software application is available to help them handle all of their critical business processes, from top-to-bottom. Remanufacturers who can automate the complicated, labor-intensive and error-prone processes that come along with core tracking, demand planning, and billing and returns management will gain advantage; when compared with those who cannot.
Remanufacturers can tighten up the order-to-cash process with Watermark Solutions' industry-specific ERP. Suppose, for example, the Reman wants to rebuild a customer's engine. The for $1,200 includes a $200 core credit, so the Reman needs to invoice the customers and then issue a credit when the core is received. As you can imagine, it's much, much easier to quote, track and get paid on time when this otherwise very complicated process is managed using our Reman industry ERP solution.
Reman's ERP moment has arrived. Spreadsheets, homegrown solutions and Post-It Notes are not capable of scaling up the Reman's business. Only an ERP that is specifically designed to satisfy the unique needs of the Reman industry will do. To do les is to risk getting left behind.
Watermark Solutions' ERP solution for the Reman industry features:
- Finally, an Enterprise Resource Planning software that directly addresses the unique challenges of Remanufacturers
- Handles New and Reman parts management
- Reverse Bills of Material and disassembly expected recovery and Kitting
- Reman pricing with core changes, discounting, freight and other charges
- EDI inbound and outbound transactions as part of the core product
- Demand forecasting, safety stock and target management visibility as well as sales history visibility
- Distribution management
- Inventory availability and visibility by site, warehouse and location
- Quotation and Order Management
- Backorder Management
- Purchase parts material planning and execution
- Core management, core identification and damage conditions
About the Author
Executive Vice President
Watermark Solutions, an Infor Channel Partner
Current Principle at Watermark Solutions—an Infor Gold partner—Randy has been working with CSI for 22 years. Prior to that, Randy was in computer manufacturing for 18 years.
Watermark Solutions has been providing businesses with effective and efficient ERP systems for over 30 years. From enterprise-level software to proven, highly experienced consulting, to cloud deployment options, Watermark Solutions is the go-to choice for companies with unique business challenges and processes. Headquartered in Houston, Texas, Watermark Solutions has offices throughout Central, South and Southeast United States.