XRP Inc - SYSPRO Corporate
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XRP Inc

“SYSPRO has enabled us to speed order turnaround by bringing greater efficiencies to order management, forecasting and the manufacturing process itself.”

– Jarrod Barker, IT Manager, XRP

 

The Company

XRP,  based  in  South  Gate,  California,  manufactures  high  performance  fittings and adapters for the racing market. According to Jarrod Barker, XRP IT Manager, “XRP’s products consist of fluid transfer components that transport fuels and oils from point ‘a’ to point ‘b’ in auto, boat and other racing engines.”  Founded  in  1989,  XRP  has  steadily  grown  thanks  to  an  outstanding  reputation   for   price   competitiveness and   “aerospace   type”   product quality.  Today,  the  company  fills an  average  of  300  orders  per month. While some are one time only  orders,  the  bulk  represents repeat  business  from US  and international dealers.

The Challenge

The  company  had  been  utilizing  a  database  package  from  RealWorld,  and while it served basic needs, it lacked a manufacturing module with inventory tracking  capabilities.  With  more  than  5,000  individual  part  numbers  in  stock, forecasting  and  inventory  control  are  vitally  important  to  XRP’s  ability  to  fill orders on a timely basis.

In addition, to inventory capabilities, XRP had to take cost into consideration. As a relatively small business of just over 30 employees, the company needed
to go with an ERP solution that could bring world-class results for the long run but within a small-business budget.

The Solution

After  an  extensive  software  search  that  lasted  18  months,  XRP  settled  on SYSPRO  software  in  2002.  “We  liked  the  whole  package,”  says  Barker. “SYSPRO  was  the  best  fit…It  offered  a  lot.”   He  also  liked  the  fact  that SYSPRO USA was headquartered just “down the road” in Costa mesa. Today, more than half of the full-time employees at XRP use SYSPRO software on a full-time basis.

When, in late 2005, SYSPRO announced a new Forecasting module as part of its new Inventory Optimization solution, XRP was one of the first companies to go for the module. The SYSPRO Forecasting module performs forecasting at  the  item/warehouse  level  as  well  as  aggregations  of  forecasting  to  higher levels  as defined  by  Groupings  and  Families.  It  enables the  use  of  a  variety  of  forecasting  algorithms,  including predefined  algorithms  or  a  competition  method  where  the system will use the mathematical formula best suited to an item’s historical sales.

The SYSPRO Forecasting module takes into account seasonality   and   also   removes   outliers   and   anomalies. Module users have the ability to define calendars, forecast horizons,  monthly  or  weekly  time  buckets  and  to  override forecasts to accommodate market intelligence. The module stores three or more years of history and facilitates dynamic analyses with tabular and graphical reports.

The Result

After using the SYSPRO Forecasting module, Barker gives it  “two  thumbs  up.”    “With  our  former  software  package, our inventory would often go negative. However, SYSPRO software  has  given  us  superlative  inventory  management, among  many  other  pluses.”  Barker  explains  that  the  make to stock company forecasts three months out, and here the SYSPRO Forecasting module plays a key role. “The module looks at past year sales, using a forecasting algorithm that factors in a growth figure of ten percent.  It really works.”

Additional benefits that XRP reaps from its boosted inventory  control  are  improved  quality  control  and,  thus, customer service. By having increased and accurate visibility into their inventory, XRP is able to better manage their strict quality  control  processes.  In  turn,  the  company  is  able  to continue to provide customers with an exceptional product in a shorter time frame.

Summarizing XRP’s experience with SYSPRO, Barker simply  says,  “SYSPRO  has  enabled  us  to  speed  order turnaround by bringing greater efficiencies to order management, forecasting and the manufacturing process itself.”

“As a relatively small business of just over 30 employees, the company needed to go with an ERP solution that could bring world-class results for the long run but within a small-business budget.”