Perficient Digital Transformation

JUNE 1, 2023

For manufacturing companies, AI would greatly advance the way products are made and distributed. AI has been extremely successful so far for manufacturers, helping to gather and analyze data from sensors to predict breakdowns. Here are just a few of the amazing things generative AI is already transforming in manufacturing.

Manufacturing 98

Manufacturing Engineering Out-Tasking Call Center 98

The Scalers

OCTOBER 19, 2022

Digital transformation in manufacturing is on the rise. According to Allied Market Research, the global manufacturing market will reach €1400bn by 2030. Companies that successfully embrace digital transformation in manufacturing will be much more productive than their rivals. How digital transformation in manufacturing works.

Manufacturing 86

Manufacturing Offshoring Out-Tasking Software 86

The Global Small Business Blog

AUGUST 1, 2023

Many of her clients are globally active middle-market and family-owned business in the manufacturing, distribution, and services industries. Meet Jessica Wargo Jessica Wargo is a leader within Plante Moran’s international tax services group. Get your questions ready!

Supply Chain Management 225

Supply Chain Management Payroll Manufacturing Accounting 225

Everest Group

JANUARY 27, 2022

Everest Group projects that the finance and accounting outsourcing (FAO) market will grow significantly (up to 10% year-on-year) in 2022, because enterprises are demonstrating an openness toward expanding their scope of services with third-party service providers. Download a complementary abstract of the report.

Finance 130

Finance Accounting Outsourcing Retail 130

Automation Anywhere

JUNE 3, 2022

Running a zero-defect operation is a much desired but unfortunately out-of-reach goal for manufacturers using traditional methods today. That’s because it is impossible for any large or complex manufacturing organization to operate completely without errors using traditional methods. Helping with four stages of COPQ 1.

Manufacturing 86

Manufacturing Robotics Process Automation Automation Reduced Costs 86

Perficient Digital Transformation

APRIL 4, 2022

Oracle Cloud Cost Accounting and Receipt Accounting (Costing) provide great improvements over the older Oracle tech stack, also known as the E-Business Suite (EBS) solution. Speaking of the month end close, the Cost Accounting and Receipt Accounting offers built-in infolets and period checks and validations.

Accounting 69

Accounting Manufacturing Out-Tasking Flexibility 69

Ivemsa

DECEMBER 12, 2024

Partnering with a shelter company is the route most foreign manufacturers take when expanding production to Mexico. Often, business leaders unknowingly seek the support of a Mexico shelter company when in search of contract manufacturing. This includes HR and payroll, taxes and accounting, and legal and trade compliance, among others.

Manufacturing 52

Manufacturing Right-Sizing Administrative Out-Tasking 52

Everest Group

SEPTEMBER 25, 2023

The three Original Equipment Manufacturers (OEMs) argue that the proposed UAW contract would hinder their competitiveness in transitioning to EVs. The three auto OEMs contend that they must shift towards manufacturing EVs to comply with government regulations and maintain competitiveness in the automotive industry.

Manufacturing 162

Manufacturing Out-Tasking Engineering Jobbing 162

Perficient Digital Transformation

SEPTEMBER 19, 2024

For my first time attending the International Manufacturing Technology Show (IMTS), I must say it did not disappoint. It was a combination of technology showcases, featuring everything from robotics to AI and smart manufacturing. and digital twins , featuring big data as a core component.

Manufacturing 52

Manufacturing Engineering Accounting Robotics Process Automation 52

Sourcing Captain

SEPTEMBER 16, 2021

The ultimate goal is to reduce the manufacturing costs significantly while maintaining the required quality standards. Basically, businesses identify the most effective location for manufacturing, even if the location is across international borders. It is necessary to take into account the legalities surrounding global sourcing.

Sourcing 130

Sourcing Manufacturing Insurance Research 130

Groove Technology

OCTOBER 1, 2024

China: Offers a vast workforce and expertise in manufacturing and technology. Let's examine some of these: Manufacturing Outsourcing Manufacturing outsourcing involves contracting the production of goods to external providers. the global contract manufacturing market is expected to reach $2.7 Eastern Europe (e.g.,

Software 130

Software Outsourcing Nearshoring Offshoring 130

Ivemsa

MAY 21, 2024

For decades, American manufacturers have benefited from the low cost of industrial labor and the convenient location Mexico offers to expand their production and meet growth demands. manufacturers to consider nearshoring to Mexico instead. manufacturers to establish their own opportunities through the CHIPS and Science Act.

Manufacturing 52

Manufacturing Labor Costs Administrative Nearshoring 52

Ivemsa

MAY 22, 2024

The focus on nearshoring to Mexico has become a common thread in discussions among American manufacturers over the past several years. has been another key factor causing manufacturers to seek out Mexico as a long-term solution. Recruiting Workers Via Shelter Manufacturing Services Shelter services in Mexico help U.S.

Manufacturing 52

Manufacturing Nearshoring Human Resources Out-Tasking 52

Ivemsa

SEPTEMBER 23, 2024

In particular, manufacturers have raised concerns over minimizing opportunities by solely relying on China’s shaky supply chain. Portfolio diversification has become a go-to solution, allowing manufacturers to maintain active production facilities in China while simultaneously launching new production in Mexico.

Manufacturing 52

Manufacturing Nearshoring Human Resources Administrative 52

Ivemsa

JULY 23, 2024

and other foreign manufacturers wanting to leverage the full potential of nearshoring to Mexico. It’s encouraged global brands from various sectors – including automotive, aerospace, and medical device manufacturing – to continue increasing their foreign direct investment, making the U.S.

Manufacturing 52

Manufacturing Service Payroll Nearshoring 52

Ivemsa

JANUARY 30, 2024

Customization continues to be a business buzzword in 2024, and it’s no different for manufacturing. For decades, global leaders have found success when manufacturing in Mexico as a way to cut costs and improve operational efficiency. Their services include everything from HR and accounting to trade and legal compliance.

Manufacturing 52

Manufacturing Service Right-Sizing Nearshoring 52

Perficient Digital Transformation

JUNE 28, 2022

In our last post we discussed the linkages between Journal Entries and the source transactions in Accounts Payable, Accounts Receivable, and Fixed Assets. This post continues the discussion with the linkages for the Purchasing, Project Accounting, and Cost Management applications. Project Accounting.

Accounting 110

Accounting Sourcing Manufacturing Engineering 110

Ivemsa

FEBRUARY 29, 2024

Global manufacturing competitiveness continues to rise as new technologies drive higher demand. and other foreign manufacturers as they seek to expand their production. For decades, manufacturing leaders have successfully established a presence in Mexico with consistent growth across several sectors throughout the years.

Manufacturing 52

Manufacturing Payroll Administrative Accounting 52

Ivemsa

JULY 18, 2024

manufacturers. While the industrial workforce in America faces a decline in qualified workers, Mexico continues to fill the labor gap for many manufacturing companies. and other foreign manufacturers interested in expanding their operations to Mexico , it’s best to work with a shelter company.

Manufacturing 52

Manufacturing Jobbing Payroll Out-Tasking 52

Ivemsa

JUNE 13, 2024

manufacturing is growing. On average, manufacturing companies spent USD 16.2 manufacturers are considering when and how they’ll expand. For many, the answer is Mexico manufacturing. The Benefit of Manufacturing in Mexico U.S. manufacturers that are ready to expand. factory to explore other areas of growth.

Manufacturing 52

Manufacturing Regulations Payroll Administrative 52

Ivemsa

MARCH 4, 2024

and other foreign manufacturers that want to expand their reach. Shelter manufacturing services are available for those new to operating in Mexico as well as those who wish to establish their own legal entity. Either way, though, shelter services can be customized to meet the needs of each manufacturer and project.

Manufacturing 52

Manufacturing Service Payroll Reduced Costs 52

Sourcing Captain

SEPTEMBER 16, 2021

Today, a large number of organizations resort to global sourcing to reduce their manufacturing costs. The primary reason why a business sources from another country or outsources their manufacturing to another country is cost saving. After the manufacturing is complete, the next crucial step is transportation of goods.

Sourcing 130

Sourcing Manufacturing Regulations Outsourcing 130

Everest Group

JUNE 11, 2024

This has been on account of the resilience these verticals have showcased over several quarters despite the economic slowdown. Firstly, in CY 23, outsourcing in this vertical grew the fastest (9-11%) on account of enhanced defense spending and a post-pandemic recovery in aviation and aerospace.

Engineering 162

Engineering Service Cybersecurity Offshoring 162

Ivemsa

AUGUST 23, 2023

companies manufacturing in Mexico have been historically successful and continue experiencing strong growth across all sectors. The medical device industry, in particular, has become a hub of production, following in the footsteps of global manufacturers like Medtronic, Stryker, and Johnson & Johnson. market for medical devices.

Manufacturing 52

Manufacturing Nearshoring Administrative Sourcing 52

Everest Group

OCTOBER 31, 2022

This growth has driven more companies to outsource production to Contract Manufacturing Organizations (CMOs) to meet the pent-up demand. The worldwide value of pharmaceutical goods traded has grown six-fold in the past two decades from US$113 billion in 2000 to US$629 billion in 2019, according to the United Nations Comtrade Database.

Pharmaceuticals 130

Pharmaceuticals Strategic Sourcing Manufacturing Regulations 130

Ivemsa

DECEMBER 20, 2023

manufacturers looking for cost-effective, high-quality operating solutions. While nearshoring manufacturing is advantageous to all sectors , most companies require customization to ensure the solution fits both their short- and long-term needs. Aerospace manufacturing Another sector experiencing rapid growth is aerospace manufacturing.

Nearshoring 52

Nearshoring Manufacturing Labor Costs Administrative 52

Ivemsa

OCTOBER 26, 2023

Manufacturing in Mexico has prevailed as a leading business strategy, especially over the last few years. and other foreign manufacturers have outsourced production to China without owning their own factories or equipment. Quoted by Units vs. an All-Inclusive Fee With contract manufacturing, companies work with third-party suppliers.

Manufacturing 52

Manufacturing Administrative Payroll Outsourcing 52

Ivemsa

FEBRUARY 27, 2024

and other foreign manufacturers ready to expand their production. As the industrial landscape continues to expand, manufacturing facilities have grown beyond the U.S./Mexico However, there are several factors to consider when choosing which Mexico location best aligns with individual manufacturing goals.

Manufacturing 52

Manufacturing Service Operational Costs Administrative 52

Ivemsa

APRIL 17, 2024

Lower labor costs and lease prices, as well as unique tax exemptions, are the main areas where manufacturers can save. and other foreign manufacturers set their sights on nearshoring to Mexico when they want to expand. manufacturers also benefit from competitive lease prices in Mexico. Competitive Lease Prices U.S.

Manufacturing 52

Manufacturing Nearshoring Labor Costs Payroll 52

Ivemsa

JUNE 29, 2023

Choosing the right mode of entry is crucial to the success of manufacturing in Mexico. Each strategy has its own pros and cons to be considered, and manufacturers must take into account the differences in costs (initial investment plus ongoing expenses), risk tolerance, timeline, and production control when making a decision.

Manufacturing 52

Manufacturing Right-Sizing Administrative Payroll 52

Ivemsa

OCTOBER 19, 2023

However, in recent years, more manufacturing companies have chosen to diversify their portfolios and expand their production to Mexico, if not move it altogether. Though it’s been effective for decades, manufacturing in Mexico has become the preferred choice for U.S. due to low labor costs. The trade conflict between the U.S.

Manufacturing 52

Manufacturing Nearshoring Labor Costs Administrative 52

Ivemsa

OCTOBER 4, 2023

Nearshoring to Mexico has been a successful strategy for global manufacturers throughout the years. manufacturers, with more choosing nearshoring to Mexico instead. manufacturers are relying on Mexico shelter services to quickly get them set up for success. Though China has historically been the leader in trade with the U.S.,

Nearshoring 52

Nearshoring Manufacturing Service Administrative 52

Ivemsa

AUGUST 23, 2023

Manufacturing in Mexico has grown exponentially over the years, particularly in the automotive industry. manufacturers have been incentivized by USCMA trade provisions regarding original auto content, as well as legislation on microchip production. manufacturers are constantly looking for new ways to save on costs. However, U.S.

Manufacturing 52

Manufacturing Nearshoring Accounting Sourcing 52

Perficient Digital Transformation

MARCH 1, 2024

Among the providers surveyed, Perficient has been recognized in the Forrester Adobe Services Landscape as a medium-sized consultancy with an industry focus in healthcare, manufacturing/production of consumer products, and manufacturing/production of high-tech products, and a geographic focus in North America.

Right-Sizing 115

Right-Sizing Service Manufacturing Healthcare 115

CGS Inc

MARCH 16, 2021

Shop Floor Control (SFC) is a set of software and tools used to track, schedule and report on the progress of work in a manufacturing plant. Let’s look at SFC data and how it can drive efficiencies, ROI, accountability and sustainability. Accountability and Responsibility. Accountability and Responsibility.

Manufacturing 96

Manufacturing Labor Costs Human Resources Streamline Operations 96

Ivemsa

JULY 31, 2023

The benefits of manufacturing in Mexico have become common knowledge for most, though few may know about the specific importance of the IMMEX program. The IMMEX (formerly known as the maquiladora) program was established in the 1960s as a way to boost the manufacturing industry in Mexico. manufacturers. Regardless, U.S.

Manufacturing 52

Manufacturing Labor Costs Payroll Administrative 52

Everest Group

JANUARY 5, 2024

The market encompasses four major processes: planning, making/manufacturing, delivery, and one of the fastest growth areas – after-sales services. This gives Accenture opportunities to expand its existing engagement scope in established accounts with high customer satisfaction.

Sales 162

Sales Supply Chain Management Service Manufacturing 162