Tuesday, June 24, 2014
Renco Electronics selects IFS Applications to improve efficiency of its global supply chain
IFS, the global enterprise applications company, announces that Renco Electronics Inc., a leader in the design, manufacture and worldwide distribution of transformers, inductors, chokes and coils, has chosen IFS Applications™ to streamline its manufacturing processes and global operations.
- 35 percent reduction in inventory value expected through deployment of IFS Applications
- Ability to reduce work in process, control cost of materials and assess efficiencies in real time
- Enterprise-wide rollout at US and Chinese sites
Headquartered in Rockledge, Florida, Renco Electronics is implementing IFS Applications to improve efficiencies at its manufacturing facilities in Rockledge and in Dongguan City, China, as well as at its warehouse and logistics center in Hong Kong. Renco Electronics expects IFS Applications will help reduce inventory value by 35 percent.
“We needed a single enterprise-wide solution that could help us gain better control over our cost of materials and labor, especially when there is a spike in orders,” Renco Electronics CEO Edward Rensing said. “Implementing IFS Applications will give us the ability to assess our efficiencies and make adjustments as necessary; in real-time, enabling us to reduce our Work in Process, raw material inventory and grow the business with less overhead.”
“A lean supply chain has huge cost-cutting potential, especially for multi-site and multi-country manufacturers,” said Mike Lorbiecki, IFS North America vice president of sales, project based manufacturing. “With a strong supply chain component built into IFS Applications, Renco Electronics will eliminate four disparate legacy systems and optimize its global processes.”
About Renco Electronics, Inc.
Renco Electronics, Inc. designs, manufactures and distributes transformers, inductors, chokes, and coils worldwide. Its engineering and prototype departments are fully equipped to design, build, test and deliver samples. Extensive manufacturing capabilities at its 48,000-square-foot facility I Rockledge, Florida, and its 110,000-square-foot facility in Dongguan City, China, include everything from high-speed winding machines to programmable workstation robots. Visit www.rencousa.com to learn more.
IFS™ is a globally recognized leader in developing and delivering business software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) that was founded in 1983 and currently has over 2,600 employees. IFS supports more than 2,200 customers worldwide from local offices and through partners in more than 60 countries. For more information visit: www.ifsworld.com.
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