360° Coverage : IHI Construction Machinery Begins Operation of Cloud-Based,...

1 Updates

IHI Construction Machinery Begins Operation of Cloud-Based, Inventory Management Software from Syncron

May 29 2014, 7:50am CDT | by

The Syncron solution used by IHI CM enables forecasting and inventory planning of spare parts. The application runs out of the Syncron data center, which is located in Stockholm, Sweden. IHI CM accesses the Software-as-a-Service (SaaS) product through the internet.

Stockholm, Sweden, May 29, 2014 --(PR.com)-- Today, Syncron International, an aftermarket inventory optimization company, announced that IHI Construction Machinery Limited (IHI CM), a Japanese...

Filed under: news

YouTube Videos

 
 
 

16 weeks ago

IHI Construction Machinery Begins Operation of Cloud-Based, Inventory Management Software from Syncron

May 29 2014, 7:50am CDT | by

The Syncron solution used by IHI CM enables forecasting and inventory planning of spare parts. The application runs out of the Syncron data center, which is located in Stockholm, Sweden. IHI CM accesses the Software-as-a-Service (SaaS) product through the internet.

Stockholm, Sweden, May 29, 2014 --(PR.com)-- Today, Syncron International, an aftermarket inventory optimization company, announced that IHI Construction Machinery Limited (IHI CM), a Japanese manufacturer of excavators and heavy equipment, is now using its cloud-based global inventory management software.

The Syncron solution used by IHI CM enables forecasting and inventory planning of spare parts. The application runs out of the Syncron data center, which is located in Stockholm, Sweden. IHI CM accesses the Software-as-a-Service (SaaS) product through the internet.

The IHI CM data, including orders and stock levels, is sent from the company’s Enterprise Resource Planning system (BPCS) to Syncron daily via secure File Transfer Protocol (FTP). Order and stock level information is needed to perform forecasting and replenishment calculations. After the calculations are complete, the application sends back the results to the ERP system, which generates purchase orders to their supplies. In addition to reducing stock and improving service levels, the integrated spare parts planning system will automate the business processes at IHI CM, which was highly dependent on manual computation.

By using inventory management from Syncron, IHI Construction Machinery expects to achieve three important goals – immediately achieving one hundred percent availability on maintenance parts; resolve parts shortages as soon as possible; and bring unwanted stock to zero as soon as possible.

IHI CM has completed a feasibility study with Syncron to evaluate the functionality. Prior to purchasing the system, IHI Construction Machinery provided actual data to Syncron. The data was used to build a simulation of service level and inventory reduction. Syncron was selected based on the results of this simulation, and because of the availability of a cloud solution, which does not require a large initial financial investment and is significantly faster to implement. Fees for the accessing the software are paid on a monthly basis, which was also important to the software selection process.

“Improving the customer satisfaction by reducing the machine downtime is a common goal for the manufacturers in the industry. We have been trying to improve our service by monitoring the service level and available-to-promise. However, these indicators are often difficult to forecast even when there is enough data available.

While there is always uncertainty in market, over stocking is also a concern,” said Hiroaki Masuda, Director of IHI Construction Machinery Parts Support. “We needed to have a more reliable forecast and recovery strategy, which Syncron Global Inventory Management can provide. We are expecting to improve the service level and stock reduction based on the results of the simulation. Syncron is already suggesting replenishment orders based on the inventory policy. We will make a progress together with Syncron to improve customer satisfaction.”

“We are very proud of being selected by IHI CM as a business partner to support their inventory management process. The implementation project was done on-time, on-budget and will be supporting the operation by closely monitoring the KPIs,” said Hitoshi Tachinaba, management director, Syncron Japan. “We expect that IHI CM will see a clear effect at central warehouse and eventually expand the usage to other warehouses. The application is running on cloud, which reduced the initial investment and limited the use of the company’s IT resources. There is a trend toward using SaaS in Japan. As a result, we will continue to promote our global inventory management and price management solution delivered in the cloud.”

Contact Information:
Syncron Inc.
Kate McDonald
855 298-7245
Contact via Email
www.syncron.com
sales.us@syncron.com

Read the full story here: http://www.pr.com/press-release/560963

Press Release Distributed by PR.com

 

Don't miss ...

 

<a href="/latest_stories/all/all/29" rel="author">PR.com</a>
PR.com press-releases.

 

blog comments powered by Disqus

Latest stories

Debate over decentralisation of financial powers begins in UK
London, Sep 19 (IANS/RAY) The Scottish referendum may have gone in the United Kingdom's favour, but the debate over de-centralisation of financial powers is not over yet.
 
 
Now a campaign to debunk myth about sugar
London, Sep 19 (IANS) As obesity and sugar related problems are faced by a huge number of people, a new campaign has been launched to inform and educate people about sugar and the role it can play as part of a healthy balanced diet.
 
 
Nepal, GMR sign landmark pact to boost energy cooperation
Kathmandu, Sep 19 (IANS) The Nepal government and the GMR-ITD Consortium Friday signed a landmark Project Development Agreement (PDA) to develop the 900 MW Upper Karnali hydropower project, aiming to boost bilateral power cooperation wioth India.
 
 
Childless couples too enjoy family meals
New York, Sep 19 (IANS) Couples without kids in the house are just as likely as adults living with young children or adolescents to eat family meals at home on most days of the week, says a US-based study.
 
 
 

Latest from the Network

Jessica Simpson astronaut dream dashed by ice cream
Jessica Simpson was put off becoming an astronaut because she hated the ice cream at space camp. The singer and fashion designer used to want to fly around space as her job but her aspirations were cruelly crushed...
Read more on Celebrity Balla
 
Lauren Conrad spent 11 months writing vows
Lauren Conrad spent 11 months writing her wedding vows. The 28-year-old designer, who tied the knot with 34-year-old William Tell at a winery in Santa Ynez, California earlier this month, was determined to blow him away...
Read more on Celebrity Balla
 
Liv Tyler doesn't want to know baby's sex
Liv Tyler wants to keep the sex of her unborn baby a surprise. The 'Leftovers' actress, who already has son Milo, nine, with ex-husband Royston Langdon, is reportedly expecting her first child with British boyfriend...
Read more on Celebrity Balla
 
Sharif accuses opponents of using human shields
Islamabad, Sep 19 (IANS/RAY) Pakistani Prime Minister Nawaz Sharif Friday accused cricketer-turned-politician Imran Khan and religious leader Tahirul Qadri and their parties of "inciting people to opt for mutiny". He...
Read more on Politics Balla
 
South Korean stars light up Asiad opening ceremony
Incheon, Sep 19 (IANS) South Korean stars shone brightly at the opening ceremony of the 17th Asian Games here Friday. The first appearance of stars was during the welcoming performance with the host nation's famous K-...
Read more on Sport Balla
 
Debate over decentralisation of financial powers begins in UK
London, Sep 19 (IANS/RAY) The Scottish referendum may have gone in the United Kingdom's favour, but the debate over de-centralisation of financial powers is not over yet. The BBC commented: "The fact that over 1.5...
Read more on Politics Balla
 
Now a campaign to debunk myth about sugar
London, Sep 19 (IANS) As obesity and sugar related problems are faced by a huge number of people, a new campaign has been launched to inform and educate people about sugar and the role it can play as part of a healthy...
Read more on Celebrity Balla
 
Nine involved in Karachi naval dockyard attack held
Islamabad, Sep 19 (IANS) Pakistan's Defence Minister Khawaja Asif Friday claimed nine men accused of involvement in Karachi naval dockyard attack have been arrested but two key accused remain at large, Geo News...
Read more on Politics Balla
 
Nepal, GMR sign landmark pact to boost energy cooperation
Kathmandu, Sep 19 (IANS) The Nepal government and the GMR-ITD Consortium Friday signed a landmark Project Development Agreement (PDA) to develop the 900 MW Upper Karnali hydropower project, aiming to boost bilateral...
Read more on Business Balla
 
Nicole Kidman says final goodbye to father
Sydney, Sep 19 (IANS) Actress Nicole Kidman broke down as she said her final goodbye to her father Antony Kidman at his funeral here Friday. The A-list Hollywood actress was accompanied by her husband Keith Urban and...
Read more on Celebrity Balla