Case Studies > Mar-Kov MRP Software Boosts Titan Coatings International's Profits by 30%

Mar-Kov MRP Software Boosts Titan Coatings International's Profits by 30%

Technology Category
  • Functional Applications - Inventory Management Systems
  • Functional Applications - Manufacturing Execution Systems (MES)
Applicable Industries
  • Life Sciences
  • Transportation
Applicable Functions
  • Quality Assurance
  • Warehouse & Inventory Management
Use Cases
  • Inventory Management
  • Picking, Sorting & Positioning
Services
  • Cloud Planning, Design & Implementation Services
  • Testing & Certification
About The Customer
Titan Coatings International is a company that specializes in the production of paints and coatings. The company places a high value on efficiency, cost control, and profitability. Titan uses a variety of raw materials in its production processes, sourced from over 50 suppliers. The company operates on a just-in-time manufacturing model, which requires precise inventory management and material requirements planning. Titan's quality manager, Stephanie Kelly, is responsible for overseeing these processes and ensuring the quality of the company's products. The company also uses QuickBooks for its accounting needs and requires a software solution that is compatible with this system.
The Challenge
Titan Coatings International was grappling with the challenge of an aging software system that was no longer supported and was becoming increasingly difficult to maintain. The legacy software, purchased in the 1980s, was not only outdated but also lacked the necessary features to meet the company's growing needs. The company's quality manager, Stephanie Kelly, was spending two hours a day on data entry and backup, which was inefficient and time-consuming. The lack of a robust, reliable, and fully supported software solution was hindering the company's ability to control costs and maximize profitability. Furthermore, the company was struggling with inventory management, material requirements planning, and the generation of key reports to analyze the financial health of the company.
The Solution
Titan Coatings International turned to Mar-Kov’s paint and coatings manufacturing software to replace their aging system. The cloud-based solution offered a fully supported platform where all recipes could be securely stored and backed up. The software provided a full view of inventory and instant material requirements planning, along with automatic data entry into QuickBooks. The Mar-Kov software also allowed for the instant generation of key reports to analyze the financial health of the company. The software tracked purchase orders, raw material inventory, and production schedules, making this information accessible anytime, anywhere. Additionally, Mar-Kov’s software was compatible with QuickBooks, ensuring the accuracy and integrity of all data needed to run the company. The software also provided detailed sales reports, enabling Titan to assess the cost of manufacturing its various products and analyze the resulting profit margins.
Operational Impact
  • The implementation of Mar-Kov’s software has brought about significant operational improvements for Titan Coatings International. The software has effectively replaced the company's retiring office manager, freeing up valuable time for the quality manager, Stephanie Kelly, to focus on customers and product quality. The software's compatibility with QuickBooks has eliminated the need for employees to enter identical data twice, reducing the possibility of data-entry errors and improving efficiency. The software's ability to track raw material inventory and create replacement orders has been crucial for Titan's just-in-time manufacturing model. Furthermore, the software's ability to store and instantly access everything from finished goods batch numbers to raw material inventory, and chemical specifications has given Titan complete control and transparency over its operations. The software also provides Titan with detailed sales reports, enabling the company to track revenue, cost to manufacture, and profit margins by customer, geographic region, product category, and more.
Quantitative Benefit
  • Mar-Kov’s software delivered a same-day return on investment for Titan Coatings International.
  • The software helped boost the company's profits by 30%.
  • The software enabled Titan to better manage drum deposits, price changes, freight, and more, leading to significant cost savings.

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