Industrial Equipment

Industrial equipment companies constantly have to deal with fast changing markets. In this fast-paced environment, well managed industrial equipment companies have learned to deliver great performance by staying one step ahead of the daily business challenges:

• Innovations
  The industrial equipment sector is driven to a great extent by the ongoing battle for innovations. Staying on top in this tumultuous environment is a key challenge to any successful industrial equipment company.
• Fierce competition from low cost producers
  Recently, companies producing industrial equipment have mushroomed in low cost regions, in particular the Far East. To fight off the gruelling competition these new producers generate, traditional Industrial Equipment producers have to grow healthily and deliver top quality products to distinguish themselves from their competitors.
• Complex Supply Chains
  To realize local cost advantages and to hedge against currency exchange rate variations, globalization is now an undeniable fact in the Industrial Equipment sector. The need for worldwide production shifting and global sourcing creates the pressure that forces companies to optimize their processes and deploy a standardized IT solution around the world.

Lodestone has built expertise in key areas to help industrial equipment companies grow healthily by dealing with the market’s challenges:

• Harmonize system landscapes: Selection of IT- supplier, planning and implementation of Solution, build and design of interfaces to legacy system with the goal to increase profitability and to be more responsive to client needs.
• PLM with focus on new product development and introduction help companies drive shorter product development cycles. PPM Product Pipeline Management and Valuation, pre-launch and life cycle pricing strategies (ethical and generic), RFID in a regulated industry.
  - Supply Chain Management focuses on transport organization, warehousing strategies and distribution concepts necessary to achieve high process quality in worldwide supply and distribution networks
  - Supply Chain Planning: execution of business processes that plan supply chain activities.
• Supply Chain Execution: realization of an organizations supply chain.
• Spare parts business: streamlined processes help achieve lower stock, higher availability and shorter deliver times thus saving time and money.
• MDM/XI Support of CPFR's XML format, UCCnet product data synchronization.