Most of the raw materials the company uses are industrial metals traded at the London Metal Exchange (LME). Using advanced algorithms, Epicor ERP provides continuous, real-time product and raw material prices, allowing FARAD to achieve the best rates. For non-LME supplies, the procurement procedure includes supplier requests to authorized suppliers, tender workflow, and bid evaluation criteria up to the delivery of goods.
In addition, production planning within Epicor ERP, which is purpose-built for the need of the manufacturing industry, provides FARAD with an accurate, real-time view of their manufacturing process so they can proactively manage their operations with confidence.
Embedded business process management provides the flexibility they need to drive production costs down, deliver products at specified quality levels and meet schedule commitments. They can even incorporate the subcontractors’ production schedules into the production cycle so they fully interact with the factory, avoiding delays and having full control of production progress.