Successful implementation of ERP Software in Engineering Industry
About Indo Chains
Indo Chains is a renowned, Industrial & Engineering Class, Chain manufacturing & solution providing company. They are engaged in the manufacturing, exporting, and supplying a wide variety of Industrial Chains.
One Glance Summary of Spectrum ERP Case Study of Indo Chains
| Challenges | Solutions | Impact |
|---|---|---|
| Needed a solution to improve Supply Chain operations | Provided full Suite Spectrum ERP implementation with Supply Chain capabilities such as Central Procurement Solution, Material Requirement Planning (MRP), Warehousing etc | Indo Chains was able to consolidate, monitor and control their supply chain activities effectively |
| Need to keep inventory under control | Provided Spectrum ERP Solution with Inventory Administration capabilities | Introduced lean inventory practices, management based on production plan and MRP. Provides insights into inventory trends. |
| Lack of Standard Business Procedures. Need to implement business discipline | Implemented Standard Business Procedures with Spectrum ERP | Mature, Disciplined and aligned Business Processes |
| Information present in Silos Needed consolidated Reports to make informed decision | Centralized Repository for single view and real-time access to data | Single source of Information saves significant time required to prepare Complex reports. Helps make informed business decisions |
Challenges faced by Indo Chains:
- Indo Chains produce tons of different kinds of chains.
- They needed a robust supply chain to eliminated bottlenecks and ensure the right material in the right quantity at the right time.
- They need to ensure proper Inventory management, to ensure appropriate amounts of stock are maintained by a business, to meet customer demands without delay.
- Standard business procedures were not in place
- Information was present in Silos and not available at central location
- Managers did not have access to single accurate data to make well-informed decisions
Spectrum ERP Solution implementation:
- We Provided full suite Spectrum ERP implementation with Supply Chain capabilities such as Central Procurement Solution, Material Requirement Planning (MRP), Warehousing etc
- We Provided Spectrum ERP Solution with Inventory Administration capabilities to ensure optimum level of inventory with minimum raw material wastage
- With Spectrum ERP, we implemented standard business processes to improve operations.
- Our Finance & Accounting module, provided centralized MIS solution with real-time data access .
- We created a centralized repository for single view easy access to real time data for making informed decisions
Impact of Spectrum ERP Implementation:
With Spectrum ERP software, Indo Chains achieved the following results:
- They have a consolidated supply chain and it is easier to monitor and control supply chain effectively
- With Spectrum ERP Inventory Administration, we introduced lean inventory management practices.
- Managed inventory based on Production plan & MRP. This provides them good insights in to inventory trends and improve inventory management
- They now have mature, disciplined and aligned Business Processes
- With Central repository and Single source of information, saves time required to prepare complex reports. It also helps make more informed business decisions.
