|[June 24, 2014]
Renco Electronics selects IFS Applications to improve efficiency of its global supply chain
WASHINGTON, United States --(Business Wire)--
(STO:IFSB), the global enterprise applications company, announces that
Renco Electronics Inc. (http://www.rencousa.com/),
a leader in the design, manufacture and worldwide distribution of
transformers, inductors, chokes and coils, has chosen IFS Applications™ (http://www.ifsworld.com/en/solutions/ifs-applications-8/)
to streamline its manufacturing processes and global operations.
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 oerhead."
"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.
to learn more.
is a recognized leader in providing business software (http://www.ifsworld.com/en/solutions/)
to companies that aspire to become more agile. IFS uses its deep
expertise to help companies in targeted sectors increase agility in
three core areas: enterprise resource planning (ERP), enterprise asset
management (EAM), and enterprise service management (ESM). Founded in
1983, IFS is a public company (XSTO: IFS) with 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 about
IFS visit www.ifsworld.com.
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