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

 
 
 

21 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

World Bank approves $75 mn for pastoralists in Horn of Africa
Nairobi, Oct 26 (IANS) The World Bank has approved an additional credit of $75 million to improve the livelihoods and resilience of pastoralists in the Horn of Africa.
 
 
Slovakia to provide further financial help in fighting Ebola
Bratislava, Oct 26 (IANS) Slovakia planned to provide some 90,000 euros ($114,000) to countries affected by Ebola to help with the construction of field hospitals, foreign ministry said Saturday.
 
 
Mauritania closes border with Mali after Ebola death
Nouakchott, Oct 26 (IANS) Mauritania has closed its border with Mali after an Ebola death was confirmed in the border area this week, a health official said Saturday.
 
 
Number of Ebola cases crosses 10,000: WHO
Geneva, Oct 25 (IANS/EFE) The World Health Organisation (WHO) confirmed Saturday that the number of Ebola cases has risen to more than 10,000 in the eight affected countries, two of which, Nigeria and Senegal, had recently been declared free of the virus.
 
 
 

Latest from the Network

Second MERS case reported in Qatar
Doha, Oct 23 (IANS) A 43-year-old man in Qatar has tested positive for Middle East Respiratory Syndrome (MERS) in the second confirmed case of the deadly virus in 10 days, media reported Thursday. The patient had...
Read more on Business Balla
 
Two people die in Pakistan bomb blast
Islamabad, Oct 23 (IANS) At least two people were killed and 12 others injured in an explosion that took place in Pakistan's Balochistan province Thursday, media reported. The bomb was planted on a motorcycle, Dawn...
Read more on Politics Balla
 
Trott extends contract with Warwickshire till 2017
London, Oct 23 (IANS) England batsman Jonathan Trott, whose mental issues led to his abrupt departure from last winter's Ashes tour, has confirmed his successful comeback to competitive cricket by signing a new three-...
Read more on Sport Balla
 
Srikanth, Kashyap big movers in BWF rankings
Kuala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest Badminton World Federation (BWF) rankings released Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Alvin Stardust dead
London, Oct 23 (IANS) English singer Alvin Stardust died after a short illness. He was 72. Stardust's manager confirmed the news about his demise Thursday, reports mirror.co.uk. He was recently diagnosed with...
Read more on Celebrity Balla
 
Indian man reunited with family after 40 years
Dubai, Oct 23 (IANS) An Indian man, who had disappeared from his hometown in Kerala nearly 40 years ago, has been found by his family at a hospital in Dubai in the UAE, a newspaper report said. Now in his 60s, Abdulla...
Read more on Politics Balla
 
Srikanth, Kashyap, Saina rise in world rankings
Kala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest released Badminton World Federation (BWF) rankings Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Flintoff signs for Big Bash side Brisbane Heat
Brisbane, Oct 23 (IANS) Former England captain and all-rounder Andrew Flintoff, who retired from international cricket in 2009, Wednesday confirmed that he will play for Brisbane Heat in the Big Bash League (BBL) this...
Read more on Sport Balla
 
OPEC daily basket price falls again
Vienna, Oct 23 (IANS/WAM) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.94 a barrel Wednesday compared to $82.09 Tuesday, the OPEC Secretariat said. The new OPEC...
Read more on Business Balla
 
Lopez to sign multi-million dollar deal?
Los Angeles, Oct 23 (IANS) Singer-actress Jennifer Lopez is reportedly in the final stages of securing a multi-million dollar deal to perform in Las Vegas. The 45-year-old is being offered $350,000 per show at The...
Read more on Celebrity Balla