In January 2012, Hyspec implemented a new stock management and invoicing system. This Accpac ERP solution was rolled out across the group from January to Mai 2012. It allows the logistics team in Perth, as well the Finance Managers, Operations Managers and Project managers across the group, to have real time information on stock levels in each workshop and regional warehouse, and take relevant actions to re-supply as required.
“This new system greatly improved stock management” says Nathalie Gareau, Hyspec Mining Services Finance Director, “because it enabled us to reduce system entry errors and helped us track stock more thoroughly. The integrity and security of this new system provides better control on our inventory levels and reordering information across the group. The Hyspec teams are now forced to enter correct references into the system, resulting in more accurate information, which benefits both Hyspec and its clients. The new system uses the same Accpac platform as our financial and accounting system, which also allows us to gain efficiency and reduce potential errors.”
“Our ultimate goal is to implement this system in every workshop, so that workshop supervisors can enter any stock transaction occurring in their workshop directly into the system in real time”, adds Alan Wood, Hyspec Mining Services Managing Director. “This will provide the logistics teams with the most up to date information on stock levels in the workshops, improving the supply chain, and allowing planning and procurement to work with accurate information daily. We have started implementing this in our Managed Workshops, and so far it has proved to be very positive. Our Accpac development team is also working on additional developments, such as the automation of monthly root cause analysis reports, which will enable us to provide daily hoses failure analysis to our customers.”