Established in 1979, Newton’s Electric Inc. has earned its reputation as one of the leading distributors of industrial and commercial starters and alternators, material handling solutions, as well as AC and DC motors. Catering to mainly the automotive and commercial sectors, the company supplies both brand-new OEM as well as remanufactured starters and alternators. Apart from distributing quality equipment, Newton’s Electric Inc. has also earned its repute for providing excellent motor services and repair. Their highly qualified technical staff is geared to handle any issues or modifications with their products, who are further backed by the technical expertise of OEM manufacturers.
- Full ERP System
- Quotation System
- Inventory Minimums And Maximums Module
- Custom Pricing System
- Shipping And Receiving Desk
- Work Orders
- Label Printing
- Financial Module
Managing a complex supply chain with OEM manufacturers and clients, Newton’s Electric Inc. required a complex, streamlined system to manage their everyday operations efficiently. This is achieved primarily with the application of a full ERP system that is tailored to the requirements of the company. The ERP system has various facets including a quotation system, inventory management, custom pricing, a shipping and receiving desk, a label printing feature and a financial module.
The first feature of the full ERP system is the quotation module. The company required a system to accurately display the price of various products such as alternators, motor parts and more. This is enabled with the help of a quotation system which provides the accurate price of a particular product or service. The system takes into account the quantity of the products as well as modifications. Closely attached to the quotation system is the custom pricing feature. Since Newton’s Electric Inc. primarily caters to manufacturing clients, it required a system to facilitate optimal pricing of a particular product based on their client. The custom pricing feature, part of the broader ERP system, makes this possible by displaying different product pricing for different clients based on numerous variables.
As a distributor of starters, alternators and motors, inventory management is paramount for the company. To achieve this, it required a system which would alert them of possible inventory shortages or surpluses. The inventory minimum and maximum feature of the full ERP system is designed to cater to this need. This feature automatically notifies the company if the stock of a particular product is too low or high, thereby enabling Newton’s Electric Inc. to improve its inventory management in the long run.
Affiliated with numerous OEM manufacturers, ordering and receiving inventory from these companies is an important aspect of the company. Therefore, they also required a system that could keep track of various shipments, ensuring they received the right quantity of products and spare parts without any lapse in quality. The shipping and receiving desk feature of the ERP system handles this facet of their business, enabling Newton’s Electric Inc. to run an efficient business relationship with reputable international OEM manufacturers.
Offering technical repair services and expertise, Newton’s Electric Inc. also needed a system to effectively manage service requests. The work order feature of the ERP system helps in clear documentation about each task, so the company’s technicians can stay up-to-date on completed tasks and those that require their immediate attention.
Newton’s Electric Inc. also tests, and subsequently boxes and labels the products they ship to their clientele to ensure smooth inventory control. To automate the labelling aspect, the company utilizes label printing software, which is also part of the ERP system, enabling the required labels to be printed at the designated printers. Therefore, the entire labelling and shipping process is simplified.
Lastly, as the company conducts regular transactions with OEM manufacturers and their own clientele, there was a requirement for accurately tracking their financial transactions in this regard. The financial module of the full ERP system is designed to meet this need by handling invoice management, tracking income and expenses, as well as analyzing financial data. Therefore, the financial module enables the company to streamline its expenses and financial decision-making.
In summary, with the application of a full ERP system comprising quotation, inventory notification, custom pricing, shipping and receiving desk, label printing and a financial module, Newton’s Electric Inc. runs a highly efficient supply chain to deliver quality products and services to their customers.
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