MISys Manufacturing > Case Studies > Texas Manufacturer Realizes 50% Reduction in Inventory Levels

Texas Manufacturer Realizes 50% Reduction in Inventory Levels

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 Texas Manufacturer Realizes 50% Reduction in Inventory Levels - IoT ONE Case Study
Technology Category
  • Functional Applications - Manufacturing Execution Systems (MES)
Applicable Industries
  • Oil & Gas
Applicable Functions
  • Business Operation
Use Cases
  • Manufacturing System Automation
  • Software Design & Engineering Services
The Challenge

There was no inventory management system in place at the company. The values and quantities of inventory were not remotely accurate, no item numbers existed, purchasing used multiple spreadsheets to determine if there was enough inventory on hand for the production schedule, inventory costs were not accurate and not up to date, and unable to price jobs accurately because of lack of true costing of the inventory. 

The Customer

North Texas Pressure Vessels, Inc.

About The Customer

North Texas Pressure Vessels, Inc. core business activities include the design and manufacturing of pressure vessels along with contract welding for the oil and gas industry. Our designers utilize the latest pressure vessel design software for the development of products to the specification of the individual customer.

The Solution

The team at NTPV brought considerable experience working with other MRP systems such as Symix and Oracle.  The demo that was done by the MISys sales rep (Al Alessi) showed them that MISys had the functionality they needed to implement an effective MRP system.

Working with their SureStart coach (Darrin O’Connell), NTPV got MISys set up properly and trained their personnel. The coach provided excel templates that made it easy to organize the data for uploading into MISys. They loaded 19,000 inventory items into the system. The SureStart coach took time to fully understand their business which made the implementation much easier. Went live on January 1st to start a new year with the new system.

Operational Impact
  • [Financial Growth - Gross Margin]

    Gross profit margin has improved.  

Quantitative Benefit
  • Reduced inventory levels from $800k to $400k inside of 14 months from going live.

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