OILTECH BEARINGS CASE STUDY

Made-to-Order Precision Component Manufacturing

Oiltech Bearings

Patrick, ‘the architect’ of Fraction ERP is also the MD at Oiltech Bearings – a small precision manufacturing company in the UK. This unique position of being a software architect and running a manufacturing business gives real world experience as a user to incorporate into the planning and development of Fraction ERP.

Oiltech Bearings is a make-to-order business as well as service center for aftermarket repairs. Its products are used in industrial rotating equipment with clients around the world, principally in industries supplying equipment to oil and gas, utilities, petrochemical and power generation.

It manages a large number of parts and is constantly adding new parts to the BOM register. Typically lead times are just a few weeks with emergency work sometimes within a few days. Some of the key requirements for Oiltech are below

Business Needs:

FAST BILL OF MATERIALS

Rapidly build BOMS from templates or copy and modify existing BOMs for new product variants

QUICK RESPONSE TO ENQUIRIES

Quick turnaround on quotations with multi-currencies. Costing on every part is done with the BOM.

EXECUTE ORDERS

Execute orders immediately and create part demand for purchasing materials ASAP.

DON’T MISS ANYTHING!

Ensure nothing is missed as simple fasteners can delay production or final shipping of assemblies.

SCHEDULING

Planning both with machine tool or operator and avoiding overloads is essential to on time delivery.

ACCOUNTS INTEGRATION

Intergration with Xero all invoicing and purchasing from Fraction ERP with multi-currency support.

CLOUD RELIABILITY AND MOBILITY

Oiltech bearings does not have any on premise servers. Cloud software and storage is essential as a small business to achieve reliability and accessibility without the up front investment. Oiltech bearings uses tablets in production to track works orders and enable access to drawings. Some production orders are concurrent with design activities. Orders can be started and final requirements updated with approved designs and required operations by updating the works orders.

Mobility is essential for Oiltech Bearings. This has accommodated the effects of covid to easily allow working from home. As a small team each member can wear several hats and many international clients, significant time is spend overseas. The same key personnel must maintain access to handle new enquiries, bill of material approvals and basically keep the business running no matter where they are in the world.

IMPACT OF FRACTION ERP

  • No time wasted on duplicate administration or processing.
  • Reduction in typo’s and errors.
  • Fraction has integrated all work processes so putting quotes into production is super fast.
  • Raising purchase orders for material requirements is almost instant with send by email function within Fraction.
  • Accurate stock inventory and managing the part demand now means nothing is overlooked, down to the smallest screw or pin.
  • Monitoring overdue purchases helps maintain overall on time delivery.
  • Fast interrogation of data and being able to drill through the system when any information is needed.
  • Increased visibility of production load and allowing for staff holidays when managing production schedules.

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