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Return on investment methodology improving Enterprise resource planning systems for decisions at all levels of the manufacturing process is offered

Country of Origin: Czech Republic
Reference Number: TOCZ20190814001
Publication Date: 14 August 2019

Summary

A Czech SME has developed and successfully implemented new and radically different approach to collecting, analysing, and reporting production-related data, which applies the Return on Investment (ROI) methodology for decisions at all levels of the manufacturing process. The company now offers to implement its product either independently or as an extension to existing Enterprise Resource Planning (ERP) systems to manufacturing companies based on commercial agreement with technical assistance.

Description

A lot of manufacturing companies are striving to increase their  operational effectiveness. Implementing Enterprise Resource Planning (ERP) systems for decisions do usually not bring the expected outcome and value. 



To tackle this problem, a Czech SME has developed and successfully implemented methodology for decisions at all levels of the manufacturing process based on collecting, analyzing and reporting production-related data to get the Return on Investment (ROI) values. The company offers to implement its product either independently or as an extension to existing Enterprise Resource Planning (ERP) and Advanced Planning (AP) systems to manufacturing companies by providing them with an IT platform enabling real-time decisions to increase productivity and return on capital. The Return on Investment is calculated in real time correctly, for all enterprise resources, processes and products.



The product is offered as three separate modules of enterprise applications:

1. Finance - a solution for financial departments

2. Shop Floor Planning and Control - a solution for operational departments in the manufacturing industry

3. Shop Floor Staff Coordination - a solution to dynamically manage shop floor staff assignments. It is a part of the Shop Floor Planning and Control but it can be deployed stand-alone as well.



The product offered has been awarded “SME Instrument Phase I.” and now is successfully deployed to manufacturing industry. References obtained from implementation so far are from electronic, automotive and textile industries. The company is focusing mainly on medium-size and big companies from automotive and general engineering sectors with technologies consisting of many types of operations.



The company in the case of commercial agreement with technical assistance - in cooperation with the local partner - will deliver the solution, install the system and train the local staff in Germany, Austria and Slovakia (for the beginning).

Advantages and Innovations

• Full-compatibility with Industry 4.0 requirements (real-time data) 

• Real-time balanced production plan with detailed Return on Investment transparency across the whole enterprise

• Agile implementation of “lean-manufacturing” transformation 

• Precise product costing ability while eliminating most of arbitrary “standard allocations”

• Alignment of the product portfolio according to Return on Investment maximization criteria

• Dynamic cost calculation for product pricing negotiations

• Return on Investment comparisons supporting supply chain optimization (make or buy) 

• Advanced simulation of Return on Investment consequences of all production-related decisions

• Eliminate the waste of capital by full Return on Investment transparency

• Achieve best trade-off between cost and employed capital in strategic and operational decisions

• A fully integrated IT solution for lean production processes

• Increase the utilization efficiency of the shop floor workforce by dynamic competence management.

Stage Of Development

Already on the market

Stage Of Development Comment

The offered product has been successfully co-developed and implemented in mid-sized manufacturing companies (automotive, electronics and textile industry) and reference case studies are available.

Requested partner

Type of partner sought:

The SME is looking for medium-sized or big companies mainly from automotive, aerospace, textile and general engineering industry interested in including the offered system in their Enterprise Resource Planning systems.



Cooperation expected: 

In the case of commercial agreement with technical assistance: The SME in cooperation with the local partner will deliver the solution and install the system including the staff training in Germany, Austria and Slovakia (for the beginning).

Dissemination Countries

Austria, Germany, Slovakia