What's Happening?
Extel Technologies, a company operating in the defense and medical manufacturing sectors, has adopted Oracle NetSuite's enterprise resource planning (ERP) platform to improve its manufacturing processes.
According to CEO Bruce Fitzgerald, the platform has enabled Extel to automate data capture and enhance traceability across its operations, which was previously done manually. This automation allows the company to track components from receipt through the entire manufacturing process, providing a full turnkey solution. The adoption of NetSuite's OneWorld platform has also improved supply chain transparency, allowing Extel to consolidate data and respond more proactively to client demands. The company aims to strengthen collaboration and speed for customers, particularly in Asia, where there is a growing expectation for shorter delivery timeframes.
Why It's Important?
The implementation of Oracle NetSuite's ERP platform is significant for Extel Technologies as it addresses the challenges of maintaining quality standards while scaling operations in highly regulated sectors. By automating data capture and enhancing traceability, Extel can improve efficiency and reduce the time-to-market for its products. This move is crucial in the context of recent supply chain challenges, particularly in the electronics sector, and positions Extel to better meet client expectations for faster delivery. The enhanced transparency and proactive client engagement facilitated by the platform could lead to increased competitiveness and market expansion, especially in the Asian market.
