Strand Products
Strand Products Achieves 40% Revenue Growth After Plex ERP Implementation
The Challenge
Strand Products, a 50-year-old manufacturer of high-tolerance wire rope and cable assemblies for aerospace, defense, and automotive sectors, operated eight different programs to extract meaningful information. Data analysis was time-consuming and limited to retroactive data, with manual paperwork creating clerical errors.
The Solution
Strand Products completed a successful 6-month implementation of Plex ERP to digitize and automate operations, replacing eight disparate data systems with a single integrated platform for quality, production, and supply chain management.
Results
40% revenue growth post-implementation. 7% improvement in gross margin year-over-year. On-time delivery maintained above 90%.
Key Takeaways
- ERP consolidation from eight systems to one can catalyze 40% revenue growth by improving operational execution and customer delivery performance
- Employee-owned manufacturers in precision component industries can achieve 7% gross margin improvements through ERP-driven operational efficiency
- Maintaining 90%+ on-time delivery in aerospace and defense supply chains requires real-time data visibility that legacy systems cannot provide
Explore Related
Vendor
Details
- Industry
- Aerospace
- Use Case
- Process Optimization
- AI Technology
- Predictive ML
- Company Size
- SME
- Company
- Strand Products
- Quality
- Verified
Source
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