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Inventory control and management are vital to any business’s success, acting as the foundation for efficient operations and overall profitability. For manufacturers specifically, inventory represents a substantial investment, tying up valuable resources and storage space – not to mention the staff required to manage what goes in and what goes out. Maintaining optimal inventory levels is crucial, enabling manufacturers to fulfill customer commitments and efficiently carry out their core functions.

Inventory control is a core part of Virtek Vision’s customer-centric approach, and key to maintaining a competitive edge and a strong bottom line. Founded in 1986 in Waterloo, Ont., the company produces more than 1,000 precision laser projectors yearly, with the help of about 100 employees worldwide. About 50 per cent of Virtek Vision’s business is supplying laser projection parts and equipment to the aerospace industry, but the company also deals with construction, industrial fabrication, modular building, renewable energy and automotive verticals.

Another way that Virtek Vision meets the complex needs of their many high-profile clients, including top OEM aerospace manufacturers, Formula One, and large industrial fabricators, is with research and development, says Dietmar Wennemer, CEO. “A large percentage of our revenue goes back into technology that is helping our customers to produce their products,” Wennemer says, underscoring the importance of improved productivity and customer satisfaction. The intricate nature of Virtek Vision’s products requires the company’s staff to be well-versed in advanced engineering, with knowledge that trickles down into a positive user experience.

In pursuit of growth
With the constant push toward increased efficiencies, Wennemer says the company recognized a need for a holistic inventory management system. Facing challenges with an outdated enterprise resource planning (ERP) system and the need for better management and cost control, Virtek Vision sought out a new “There were too many manual process steps that were challenging because failures happened,” Wennemer says of their previous system that had become obsolete. “We had a lot of inventory counting steps that were costing us a day of downtime every month,” he adds.

In searching for a new ERP, the company prioritized a complete management solution, including hardware manufacturing, and tools to support inventory control and work orders. Planning, scheduling, licensing and supply chain management tools were of interest, too, Wennemer says. “The process was mainly driven by finance and operations, as well as sales, as we wanted to have a proper sales configurator and system,” he adds, noting the goal of tracking all items moved in and out of the warehouse through an ERP and avoiding manually counting things. “It was important that our manufacturing work was flawless, and that we have proper cost control . . . and real-time tracking.”

Evaluations started in spring 2022, and after selecting Epicor’s Kinetic cloud-based ERP, Virtek Vision worked with Six S Partners to successfully implement and deploy Kinetic. Located a short distance from Virtek Vision’s headquarters, Six S is a valuable partner for Virtek Vision.

“Their consultants and team could be on-site to help train our team, especially on the operation side,” Wennemer says of the changes in process. “When issues came up, the team was available to support us and [resolve] them.”

With an intuitive and configurable user experience, complete with learning tools embedded into the platform, Kinetic allows Virtek Vision’s team to enable real-time inventory visibility, and monitor the ripple effects that come with changes.

“If there are slight modifications to an order, we know how it impacts labor,” Wennemer says, noting how often hidden costs can creep in. “Now, when a work order is closed, we immediately know how many hours were consumed by the product.”

And, as Wennemer notes, the capability of connecting different sectors of their business, from finance and administration to the sales and service teams, including the platform’s integration with Salesforce, reduces manual errors and allows for greater efficiencies.

“I’m a big fan of automation,” he says. “If there is never a manual input entry in the system, [fewer] errors are happening, and that was the direction for the team.”

Fine-tuning for the future
Wennemer says the team is continuing to learn the system, and further improvements are implemented each day. Customizable dashboards allow the appropriate members of different departments to create the value and reports that are needed. Moving forward, processes will be adjusted and the Virtek Vision team will analyze the data provided by Kinetic, before using it to make decisions on the manufacturing floor.

The company is also investing in a vertical lift system, which Wennemer says will be tightly integrated with Kinetic to further improve inventory data and reduce counting hours, ultimately giving Virtek Vision’s key decision-makers better visibility into overall costs and profitability.

“Streamlining inventory management is so important,” Wennemer says, noting the high cost of some parts and components that Virtek Vision uses. “If it’s controlled by a system you can trust, that’s where the benefit is.”

To learn more about Virtek Vision, please visit www.virtekvision.com.

Source: by Canadian Manufacturing Online  

https://www.canadianmanufacturing.com/features/empowering-efficiency-through-inventory-management/  

#1 Digital Transformation

Virtek's virtual laser templates and digital data connects workflow efficiencies and improved productivity, empowering operators right on the shop floor.

#2 Compatibility with Industry 4.0

Virtek embraces Industry 4.0 with advanced solutions connecting machines, processes, and people. Through automation, data exchange, virtual laser templating, and software, manufacturers achieve smart and connected factories, enhancing productivity and competitiveness.

#3 Laser-Guided Assistance

Virtek's laser-guided assembly solutions revolutionizes manufacturing. High-precision laser projections enable accurate and efficient task execution, reducing the skills gap. Digital laser templates guide operators, eliminating manual measurements and errors, improving quality, and speeding up production.

#4 Streamlined Processes

Our unique offering empowers operators to work directly at the workpiece, improving efficiency and enabling rapid decision-making right on the shop floor.

 

Virtek Helps Bring Sustainable Space Tourism To Life

Space Perspective, the world’s only carbon-neutral luxury spaceflight experience company, is harnessing the power of Virtek’s Iris™ 3D Vision Positioning System (VPS) in the manufacture of its revolutionary Spaceship Neptune --a pressurized capsule propelled by a high-performance SpaceBalloon™ which takes explorers on a transformative journey to space without using rocket fuel or high G forces. 

Iris 3D offers easy “Pick-and-Project” (PnP) functionality of specific components in the CAD data for simpler assemblies and one-off projects. It also supports extensive pre-designed workflows for complex or repetitive projects to visualize the end product, easy setup of fixtures before you begin your weldment.

In einer Fragerunde verrät Dietmar Wennemer, CEO von Virtek Vision, wie die Laserprojektionslösungen des Unternehmens dazu beitragen, die Produktion von Teilen für die Luft- und Raumfahrt schnell zu verbessern.

Prozesse wie Schneiden, Platzieren und Auflegen auf Formwerkzeuge können die Produktion von Kohlefaserverbundwerkstoffteilen in der Luft- und Raumfahrt erheblich verzögern, insbesondere bei großen Strukturen wie Tragflächen.

Die Softwareplattform Iris von Virtek in Verbindung mit dem Vision Positioning System (VPS) ermöglicht es dem Bediener, Verbundwerkstoffteile ohne sperrige physische Schablonen zu konstruieren, die manuell auf die Form gehoben und von ihr entfernt werden müssen, während das Lagenmaterial an Ort und Stelle fixiert wird. Das System projiziert einen Laserumriss des Teils oder des Materials, um den Bediener leicht zu führen.

Wir feiern unser 35-jähriges Bestehen!

Wir möchten uns an dieser Stelle bei unseren Kunden, Lieferanten und Partnern für ihren Beitrag zu diesem Erfolg herzlich bedanken. 

#35 Jahre feiern

Pilatus-Flugzeuge ziehen die Blicke auf sich - und das nicht nur wegen ihrer hervorragenden Leistung, sondern auch wegen ihrer speziellen Farbgebung. Die beiden neuen Laser, die im Juli 2020 in der Lackiererei installiert wurden, erleichtern die Arbeit unserer beiden Lackieranlagen erheblich.

#pc24 #superversatilejet #pilatus #pilatusaircraft #craftedinswitzerland

Neues Implementierungsservice-Angebot für Composite-Hersteller durch Partnerschaft von RUAG und Virtek verfügbar

Virtek Vision, Marktführer für 3D-laserbasierte Bildverarbeitungslösungen, freut sich, die Gründung einer globalen Partnerschaft mit RUAG, Technologiepartner der Schweizer Armee, bekannt zu geben. RUAG führt ein neues Serviceangebot für Hersteller in der Luft- und Raumfahrt ein, die Virtek-Systeme einsetzen. Sie werden den Anwendern bei der Erstellung von Projektionsdateien helfen, entweder aus vorhandenen CAD-Daten oder durch die Digitalisierung physischer Teile, für den Einsatz beim lasergeführten Auftragen von Verbundwerkstofflagen, beim Maskieren von Lacken, bei der Platzierung von Bauteilen und Hunderten von anderen Anwendungen.

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