Epicor Helps Allspeeds Transform From a Traditional Manufacturer Into a Modern, Growing Business
Founded over 150 years ago in Accrington, Lancashire, Allspeeds Ltd is situated in the heartland of British manufacturing. The business has gained a global reputation for the quality and effectiveness of its wide range of quality products for industries including oil and gas, subsea, offshore, nuclear decommissioning, aerospace, construction, and the military. It produces complex and finely honed machinery such as hydraulic cutters, hydrostatic test pumps, variable speed drives, and specialized water pumps—all of which require tremendous attention to detail and sophisticated processes to produce. As a result of investment in R&D, plant and processes, Allspeeds Ltd has carved itself a definite niche in the market.
A company that has always been deeply immersed in the local community, Allspeeds prides itself on not letting any of its processes leave Accrington - all research, testing, development, and manufacturing are conducted at its own premises.
British manufacturers have experienced one of the most turbulent decades in history. Not only has there been a significant decline in manufacturing in the UK, but there has also been a double-dip recession to overcome, all while meeting the increasing and urgent demands of the modern customer. Remaining competitive during these testing times has been the major focus for the staff at Allspeeds, who realized that investment in flexible, agile technology across the organization would provide the business with the tools to operate at optimum efficiency, and it would also transform the company into a customer-centric manufacturer with opportunity for growth.
After careful analysis, the business acknowledged that its legacy enterprise resource planning (ERP) system—which was primarily focused on finance and accounting—would not allow it to streamline processes across the business to achieve the efficiencies it urgently required. The existing system also failed to deliver the customer insight now demanded by the business. It was clear that Allspeeds needed a more sophisticated, manufacturing-specific system that worked seamlessly with Allspeeds's other IT systems. They knew the right software would support the business' needs and allow it to evolve with and react quickly to a turbulent industry environment with better, insight-driven decisions.
After an exhaustive selection process that saw several ERP systems considered and trialed, Allspeeds chose Epicor ERP (now known as Kinetic). The system's manufacturing functionality was a key factor in its selection, as was its ability to successfully implement multiple resource scheduling-in this case, handling the allocation of labor, machinery, and material at the same time. Many of the solutions reviewed by Allspeeds had the ability to schedule two out of three, but not the whole set.
Epicor also distinguished itself in terms of configurability, as evidenced by the system's ability to slot into the format and style of reporting to which Allspeeds had grown accustomed over the years.
Keith Elliot, general manager at Allspeeds, said, "As soon as we trialed and tested Epicor ERP, we saw that it would be an excellent fit for us. The smooth functionality and ease of configurability with our reporting systems makes our lives so much easier and is befitting of a growing manufacturing firm. Also, as a company, we pride ourselves on getting our scheduling of product deliveries right, and this is something that Epicor ERP has helped greatly with—alongside improving our planning and resourcing across the business as a whole."
Working with Epicor ERP, Allspeeds now has a solid base of flexible software that takes the time out of reporting, resourcing, and planning. This has supported the company in driving revenue up from £2 million turnover a year before implementation to around £3 million today. “We needed an ERP system that would offer us compatibility with our existing systems, was able to deliver us accurate and punctual reporting, and could handle complex resource scheduling," Elliot continued. "With Epicor ERP, we have benefitted from more efficient processes across the business, but the real transformation has come from how we have been able to use the accurate, real-time insights it delivers. Customer insight has proved particularly invaluable to us, enabling us to make highly informed, customer-centric decisions faster, which in turn has led to us streamlining the supply chain and delivering an improved customer experience-something that really differentiates us in a highly competitive market. With Epicor ERP, we can effectively forecast for future growth, and we know that the system has the capability to grow with us. It's this that makes Epicor ERP a great fit for our business today and will continue to help us take advantage of every opportunity that comes our way in the future.”
