Project-based Trakware Profiled in Industry 2 Magazine
Released on: February 12, 2008, 8:31 am
Press Release Author: Thomas R. Cutler
Press Release Summary: Project-based Trakware Profiled in Industry 2.0 Magazine
Press Release Body: In the current issue of Industry 2.0, manufacturing journalist Thomas R. Cutler, profiles the role of serialized inventory in the engineer-to-order space. Cutler profiles Trakware the leading ETO MES solution.
According to Randy Richel, P.Eng., CEO and General Manager of Canadian-based Trakware, "The ability to serialize inventory allows users to break up a large lot of inventory into smaller lots (each with its own serial number) and this can be done when someone wants to break out a small amount of inventory from a larger receipt, or when someone is receiving a large order. It is also possible to serialize manufactured parts when they are entered into inventory on the completion of a work order. Using the serialized inventory in combination with the 'Select Inventory for Selected Item(s)' function, a user can break the FIFO or LIFO cycle and select specific receipts from a serialized lot for work orders."
The ability to issue materials in an available unit of measure (UOM) is quite often different from that on the requisition form for a complex or engineer-to-order (ETO) build instruction. The ability for one-of-a-kind production manufacturers to deplete inventory of appropriate materials, even in a different UOM than originally specified, has bottom-line profitability impact. Similarly, the ability to select specific receipts to allocate or issue to projects is vital particularly if there are multiple receipts of the same material, the manufacturers can select the 'Select Inventory for Selected Item(s)', choosing from a list of receipts.
Yacht-builders for example, also appreciate the ability to borrow inventory allocated to another project to maintain the benchmark deliverables to receive incremental billing. In few MES (Manufacturing Execution System) solutions, the software technology allows users to do what they are already doing on the shop floor, namely borrowing available inventory from projects that have not been started to help complete projects when purchase orders have been delayed. This critical documentation allows for an audit trail covering the transaction, something that never happens when someone grabs something off the plant floor.
Other solutions in the ETO environment Project-focused manufacturers have unique needs that frequently surpass out-of-the-box capabilities of generic software packages. The ability to find highly customizable interfaces while providing a system of record for everything project-related; including a complete view of the business, is rare.
Trakware Systems is the worldwide leader in manufacturing execution system (MES) solutions for engineer-to-order (ETO) and project-based manufacturers maximizing both profitability and productivity. Trakware specializes in lean business-critical functions such as estimating, advanced scheduling, job costing, production management and labor as well as material shop floor data collection. TRAKware software fully integrates with existing ERP systems, as well as major software providers for financials, engineering design, optimization, payroll and wireless interaction for mobile workers. Trakware recognizes ETO manufacturing as a process and includes a wide range of industry sectors including Architectural Woodworking, Cabinets, Store Fixtures, Doors and Windows, Furniture, Oil and Gas Fabrication, Solid Surface, Metal Fabrication, Yacht-building, and Custom Electronics.
TRAKware Systems Inc. www.trakware.com Randy Richel, CEO email@example.com 800-370-1849