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Inventory Management Transformation at North Texas Pressure Vessels, Inc.
Technology Category
- Functional Applications - Inventory Management Systems
- Functional Applications - Warehouse Management Systems (WMS)
Applicable Industries
- Education
- Life Sciences
Applicable Functions
- Procurement
- Warehouse & Inventory Management
Use Cases
- Inventory Management
- Picking, Sorting & Positioning
Services
- System Integration
- Training
The Challenge
North Texas Pressure Vessels, Inc. (NTPV) was facing a significant challenge with their inventory management. The company had no inventory management system in place, leading to inaccurate values and quantities of inventory. There were no item numbers, and purchasing relied on multiple spreadsheets to determine if there was enough inventory on hand for the production schedule. Inventory costs were not accurate and not up to date, which led to difficulties in pricing jobs accurately due to the lack of true costing of the inventory. The company's existing system, Sage 50, did not have the necessary functionality. Furthermore, the cost of processing Purchase Orders was extremely high, indicating inefficiencies in the purchasing activities.
The Customer
North Texas Pressure Vessels, Inc.
About The Customer
North Texas Pressure Vessels, Inc. is a Texas-based manufacturer. The company was facing significant challenges with their inventory management, with no system in place and inaccurate values and quantities of inventory. This led to difficulties in pricing jobs accurately and high costs of processing Purchase Orders. The company's existing system, Sage 50, did not have the necessary functionality to address these issues. The team at NTPV had considerable experience working with other MRP systems such as Symix and Oracle.
The Solution
NTPV decided to implement the MISys Manufacturing Software to address their inventory management issues. The team at NTPV, who had considerable experience working with other MRP systems such as Symix and Oracle, found that MISys had the functionality they needed. They worked with a SureStart coach to set up MISys properly and train their personnel. The coach provided excel templates that made it easy to organize the data for uploading into MISys. They loaded 19,000 inventory items into the system. The implementation process involved getting all the players involved and conducting system training before going live. They also had to get some customer reports written for them and spend some money on it. The implementation was successful and they went live on January 1st to start a new year with the new system.
Operational Impact
Quantitative Benefit
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