ATC helped FARAD SA to improve their commercial and manufacturing processes via the implementation of Epicor ERP

1. Success Highlights
Challenges
• Installing ERP for automating and monitoring
the production process and increase efficiency
Solution
• Epicor ERP
Benefits
• Automated process pre-costing
• Updated purchase history and management
of prices
• Production planning (MRP)
Company Facts
• Location: Piraeus, Greece
• Industry: Manufacturing
• Web site: www.farad.gr
Epicor Success Story
“Epicor ERP has automated our processes and
improved production planning thus helping us
gain a competitive advantage.”
Vangelis Fanouriadis, Co-Owner and Production Manager | FARAD S.A. Heat Exchangers
FARAD S.A. Heat Exchangers, based in Greece, has been designing and
manufacturing high-quality marine and industrial tubular heat exchangers since
1979 for the domestic and international markets. This is a very challenging and fast
paced market as it is highly regulated and requires high quality products on demand.
FARAD accomplishes this by selecting the best raw materials and applying modern
manufacturing processes to ensure production flexibility and total quality control,
without any corresponding increase in costs.
FARAD selected Epicor ERP to fully automate its pre-costing process, allowing the
board of directors to manage costs more efficiently and gain immediate insight
into individual cost elements such as raw material cost, according to the London
Metal Exchange or FIFO, labor cost and sub-brands cost. This has accelerated the
company’s decision making process and flexibility as they can more easily adjust
retail prices, add services and apply possible alternatives.
After implementing Epicor ERP the production department is able to execute and
monitor the entire production process, improve product line planning, achieve a
better balance between resources and features, and adjust production based on
customer orders. The adjustments to product specifications can be easily applied
reflecting automatically updated cost information.
Production planning within Epicor ERP provides FARAD with an accurate, real-time
view of their manufacturing process so they can proactively manage their operations
with confidence. Embedded business process management provides the flexibility
they need to drive production costs down, deliver products at specified quality levels
and meet schedule commitments. They can even incorporate the subcontractors’
FARAD S.A. Heat Exchangers
Epicor ERP and ATC helps FARAD SA to improve their
commercial and manufacturing processes

2. Latin America and Caribbean
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Mexico
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Asia
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Singapore
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Europe, Middle East and Africa
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Contact us for more information on Epicor Products and Services
Australia and New Zealand
Suite 2 Level 8,
100 Pacific Highway
North Sydney, NSW 2060
Australia
Phone: +61.2.9927.6200
Fax: +61.2.9927.6298
Corporate Office
804 Las Cimas Parkway
Austin, TX 78746
USA
Toll Free: +1.888.448.2636
Direct: +1.512.328.2300
Fax: +1.512.278.5590
+1.800.999.6995 info@epicor.com www.epicor.com
production schedules into the production cycle so they fully
interact with the factory, avoiding delays and having full control of
production progress.
Most of the raw materials the company uses are industrial metals
traded at the London Metal Exchange (LME). Using advanced
algorithms, Epicor ERP provides continuous, real-time product and
raw material prices, allowing FARAD to achieve the best rates. For
non LME supplies, the procurement procedure includes supplier
requests to authorized suppliers, tender workflow and bid evaluation
criteria up to the delivery of goods.
With Epicor ERP in place FARAD now has a 360-degree view of
production costs, right down to order level, financial results and
comparisons with the budget. In addition, each department can
build reports and dashboards to ensure performance and maximize
results. This helps FARAD staying successful and competitive both
now and well into the future.
“Regardless of the production model, ATC and Epicor ERP can
provide a personalized and scalable integrated solution that helps
users gain focus on planning and managing resources, both
within and across location and company boundaries,” said Stelios
Koutsoukos, Sales Manager for ATC.
About ATC
ATC is an International System Integrator with extensive experience
in the provision of Epicor ERP in the financial, media, enterprise
and public sectors. ATC joined the Epicor Inspired Partner Network
in 2001 with services in Greece and Cyprus and has achieved 15
certifications based on successful implementations. With Epicor ERP
as the core software, ATC has developed processes for streamlining
local bank and accounting processes to create a financial-oriented
solution. The control, flexibility, integration and operational
coherence that ATC offers through FOS is unrivalled by any other
solution in the market, enabling any bank to achieve high standards
of efficiency, functional and technical scalability, branch-centricity
and commercial productivity.
About Epicor
Epicor Software Corporation is a global leader delivering business
software solutions to the manufacturing, distribution, retail, and
service industries. With more than 40 years of experience, Epicor
has more than 20,000 customers in over 150 countries. Epicor
solutions enable companies to drive increased efficiency and
improve profitability. With a history of innovation, industry expertise
and passion for excellence, Epicor inspires customers to build
lasting competitive advantage. Epicor provides the single point of
accountability that local, regional, and global businesses demand.
For more information, visit www.epicor.com.
Success Story – FARAD S.A. Heat Exchangers
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disclaims, to the full extent of the law, any applicable implied warranties, such as fitness for a particular purpose, merchantability, satisfactory quality or reasonable skill and care. This document and its contents, including the viewpoints, dates and
functional content expressed herein are believed to be accurate as of its date of publication, October 2014. The results represented in this testimonial may be unique to the particular user as each user’s experience will vary. The usage of any Epicor
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