Functionality expected to improve project cost tracking, visibility and
evaluation; also enhance planning and management capabilities
El Segundo, CA — July 21, 2005 — Glovia International, a subsidiary of
Fujitsu and a provider of extended enterprise resource planning (ERP) solutions for engineer-to-order and high-volume manufacturers, announced today that Radio Frequency Co. (RFC) has migrated to the current version of glovia.com to take advantage of project accounting and project resource planning functionality.
With the additional functionality RFC said it is able to improve project cost tracking visibility and evaluation, as well as enhance its ability to plan and manage complex projects.
RFC, a Glovia customer since 1999, is a total-system design and manufacturing company, producing radio frequency heating and drying equipment. Now live on the current version of glovia.com, RFC said it can better manage bids and estimates. RFC also find it easier to manage difficult, ongoing changes to engineering, resources and services for large pieces of Engineered-to-Order (ETO) equipment that have complex product lifecycles and long lead times, typically lasting six or seven months.
The flexible solutions framework in glovia.com reacts to project changes to rebalance supplies, resources and demands to help keep projects on time and costs under control.
glovia.com Project Accounting enables RFC to capture project costs and supplies — all the information necessary to evaluate project status, avoid runaway costs and ensure effective budget management.
glovia.com also provides project-to-date totals, enabling RFC to calculate and compare its estimates and budget projections with actual incurred costs and revenue. RFC now has the ability stay on top of project profitability with instant access to cost and revenue information throughout the project lifecycle, from RFC's suppliers through the manufacturing process, out to customers, and into post sale service and support.
"Previously, manual costing reports would take project managers a couple of days to go through all the information and compile the report, should management ask them to come up with a final cost of a job," stated Lisa Mitchell, purchasing manager for RFC. She explained that with Project Accounting, project managers can access costing information virtually instantaneously by looking at an up-to-date screen shot and this can be done not only at the end of a project but at any point throughout the project.
So if we are running over budget, not just on the project total, but on any portion of the project we now have the visibility to know not only that we are running into problems, but where and what those problems are so we can best address them, she said. At the end of the project it's already too late to fix the problem, so being able to monitor the budget throughout the project is very important to be able to manage the project as effectively as possible."
