SPEED GROUP Adapts to Changing Market with DELMIA Ortems Solutions
SPEED GROUP, a leading extruded synthetic monofilament manufacturer, faced challenges in adapting to changing customer buying habits and increased competition. By implementing Dassault Systèmes’ DELMIA Ortems solutions, the company optimized its production and resource management to meet the demands of smaller, more frequent orders from its customers.
SPEED GROUP, a French-based global manufacturer of extruded synthetic monofilaments, needed to adapt its business model to cater to the changing customer buying habits and increased competition in the market. The company found that by reengineering its business model to handle the entire process from sales to shipping, it could fulfill smaller and more frequent orders.
To optimize production and manage resources according to customer demands, SPEED GROUP implemented Dassault Systèmes’ DELMIA Ortems solutions. This included the Production Scheduler for managing the extrusion process and the Manufacturing Planner for organizing production based on customer orders and delivery dates.
As a result, SPEED GROUP experienced several benefits:
- 18% increase in productivity
- 27% reduction in stock
- 35% reduction in waste
- Better commitment to delivery dates
Through the implementation of DELMIA Ortems solutions, SPEED GROUP successfully adapted its business model to handle smaller, more frequent orders, and improved its overall efficiency. The company also learned the importance of involving experts in the process of implementing new systems to ensure success.
Moving forward, SPEED GROUP plans to diversify its product offerings and explore new business opportunities in other industries, such as sports. After three years of research and development, the company has produced a new type of monofilament used in tennis rackets, which has been adopted by world ATP-ranked champions.