July 11, 2016 - 9:00 AM EDT
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Technovek Lowers Production Costs and Speeds Up Processes With Infor SyteLine

Infor ERP Helps Enable LLC Oil and Gas Equipment Plant Technovek to Speed Up Order Receipt, Manufacture and Delivery, and Reduce Labor Intensity and Production Costs

NEW YORK, NY--(Marketwired - July 11, 2016) - Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, announced the results of deploying Infor SyteLine by Infor partner FRONTSTEP CIS at Technovek. The ERP solution helps provide integrated control over all material and information such as procurement, inventory control of production materials and components, order receipt, management of the finished products warehouse, and sales. Following the system operation, the dynamics and forecasts indicate that by year-end 2016 the warehouse stock will have decreased by 35 percent, the time for customer proposal generation will have shortened 6-7 times due to automated product configuration, and the production costs for certain items will have been reduced by 10-12 perfect due to lower expenses.

The Technovek management team initiated the deployment of a comprehensive automated ERP system in order to implement a sustained growth strategy through prompt response to market demands in a competitive environment, and at the same time to reduce labor intensity and eliminate incorrect data from the company's business processes.

The Infor SyteLine application forms the basis for this system. FRONTSTEP CIS was chosen as an integration partner based on their many years of experience in successful industrial automation.

The automation loop includes: request receipt, product configuration, pricing, customer proposal generation, release for manufacture, acquisition from manufacture, control over finished products warehouse, procurement and shipment management, work progress planning and control in terms of projects.

As a result, the speed of response under the competitive market conditions has increased, labor intensity for certain design and production processes has decreased, and objective data on plant activities has been provided. All these factors along with streamlined plant procurement management and current stock optimization conducted by the Technovek logistics department have enabled them to free some of the working assets and lighten the credit burden on the company.

Currently, the plant is planning to ensure 100% production procurement using reserve stocks and uninterrupted material supply to order. The ERP system will also help eliminate changes in terms or deviations from goods' shipping schedule.

"This full-scale project has not been completed yet, but in view of increasing business performance we can call Infor SyteLine the best solution for production plant management, and recommend FRONTSTEP CIS as a competent contractor for industrial automation projects. Through our future cooperation we expect to improve the IT infrastructure and raise competitiveness with state-of-the-art technologies," commented Sergey Orlov, Head of Automated Enterprise Control Systems Department at Technovek.

"Deployment of Infor SyteLine has laid a foundation for full automation of the plant control loops and establishment of a single system for operational accounting and planning with full control over all plant resources and production capacities. This full-scale project has not been completed yet. We are now actively developing the customer's IT infrastructure to increase manufacturing performance and raise product competitiveness in the market," says Vladimir Musin, FRONTSTEP CIS Director General.

"With our ERP applications, manufacturing companies can control production processes and material chains, recognize and improve their production capabilities and promptly respond to customer's needs while staying competitive in the ever changing market," notes Dmitry Martynov, official Infor representative in Russia and the CIS.

About Technovek

LLC Oil and Gas Equipment Plant "Technovek" is an actively developing diversified enterprise, the activity of which relates to design and manufacturing of various oil-field equipment. The enterprise's clients are major oil and gas production companies that often make procurement by means of tenders, which imposes exclusively high requirements on manufacturing and shipment deadlines compliance, flexibility and variability of equipment assembly, as well as guaranteed quality of products.

Every month over 3,500 units that meet a ready Russian market, are manufactured by the plant. Today the plant is a partner of leading oil companies in Russia, as well as in Kazakhstan, Ukraine, Azerbaijan and Uzbekistan, for which it manufactures various types of oil and gas equipment. Among the plant's established customers are OJSC NC "Rosneft", OJSC "Lukoil", OJSC "Tatneft", OJSC "Russneft", OJSC "Bashneft", OJSC "Gazpromneft" and many other oil production companies.

LLC Oil and Gas Equipment Plant "Technovek" design-engineering department is able to solve complex technical problems, enhancement and modernization of manufactured products is permanently executed. New equipment is developed and put into production every year, and best solutions for manufacturing high-functional equipment at affordable price are generated. The entire output product is certified and has authorized. For more information: http://www.technovek.ru.

About Frontstep CIS

FRONTSTEP CIS is a consulting company, expert in the sphere of creating integrated solutions for manufacturing enterprises management. The company specializes in realization of projects for industrial enterprises - engineering, instrumentation technology, aerospace branch, manufacturers of electronics and high-technology equipment, military-industrial enterprises.

FRONTSTEP CIS expertise spans the sphere of complex high-variety manufacturing management, administration reorganization and business processes automation for industrial companies. Since 1996 FRONTSTEP CIS experts have developed and implemented efficient, integrated enterprise management systems for more than 130 Russian and international companies. For more information: http://www.frontstep.ru.

About Infor

Infor builds beautiful business applications with last mile functionality and scientific insights for select industries delivered as a cloud service. With 14,000 employees and customers in more than 200 countries and territories, Infor automates critical processes for industries including healthcare, manufacturing, fashion, wholesale distribution, hospitality, retail, and public sector. Infor software helps eliminate the need for costly customization through embedded deep industry domain expertise. Headquartered in New York City, Infor is also home to one of the largest creative agencies in Manhattan, Hook & Loop, focused on delivering a user experience that is fun and engaging. Infor deploys its cloud applications primarily on the Amazon Web Services cloud and open source platforms. To learn more about Infor, please visit www.infor.com.

Infor customers include:

  • 18 of the top 20 aerospace companies
  • 8 of the top 10 high tech companies
  • 10 of the top 10 pharmaceutical companies
  • 22 of the 25 largest U.S. healthcare delivery networks
  • 20 of the 20 largest U.S. cities
  • 20 of the top 20 automotive suppliers
  • 19 of the top 20 industrial distributors
  • 18 of the top 20 global retailers
  • 4 of the top 5 brewers
  • 19 of the top 20 global banks
  • 10 of the 10 largest global hotel brands
  • 6 of the top 10 global luxury brands

For more information:
Richard Moore
+44 121 615 8189
[email protected]

Source: Marketwired (July 11, 2016 - 9:00 AM EDT)

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