Randy Richel at Trakware Helps to Define Engineer-to-Order Market
Released on: February 13, 2008, 5:42 am
Press Release Author: Thomas R. Cutler
Press Release Summary: Randy Richel at Trakware Helps to Define Engineer-to-Order Market
Press Release Body: The term engineer-to-order (ETO) denotes a style of manufacturing rather than a specific industry segment. Other synonymous terms are "project-based" or "custom" manufacturers. ETO companies typically have distinct characteristics about the way they conduct business that differentiate them from discrete or repetitive manufacturers.
According to Richel, P.Eng., CEO and General Manager of Trakware, "The vast majority of companies rely on ERP and database management capabilities to accomplish enterprise tasks today, emerging technologies, such as next generation MES (manufacturing execution systems) manufacturing intelligence, and business analytics are playing an increasingly important role. Since ETO manufacturers have always been slower adopters of new technology it is not surprising that over the next three years project-based manufacturers will pursue rapid adoption of manufacturing intelligence solutions, business analytics, and real-time KPIs enabling continuous improvement and provide the fuel for future innovation."
Randy Richel, joined Trakware (www.trakware.com) in August, 2004. Previous to Trakware, he held senior positions in global product development, software delivery, software quality, product management, strategic partnering, while at MessagingDirect/ACI Worldwide.
ETO companies build unique products designed to customer specifications. Each product requires a unique set of item numbers, bills of material, and routings. Estimates and quotations are required to win business. Products are complex with long lead times, typically months or even years. Unlike standard products, the customer is heavily involved throughout the entire design and manufacturing process. Engineering changes are a way of life. Material is purchased not for inventory but for a specific project. All actual costs are allocated to a project and tracked against the original estimate. Once complete, the product is typically installed at the customer's site. In most cases, aftermarket services continue throughout the life of the product.
TRAKware provides an integrated solution for Manufacturing, Planning, and Control (MPC) functions such as:
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, Yachts-building, and Custom Electronics.
Founded in 1995, Trakware's partners include Microsoft, Oracle, ADP, Sage, and SolidWorks, Dell and TouchSystems. TRAKware software allows any manufacturer with unique requirements of a custom engineered-to-order business, in any industry, to have total control of each and every order through the plant. Trakware is the leader in delivering innovative Manufacturing, Planning, and Control (MPC) solutions for project-based manufacturers.
TRAKware Systems Inc. www.trakware.com Randy Richel, CEO email@example.com 800-370-1849