The awards are given to companies and individuals that have undertaken breakthrough projects in manufacturing as determined by an expert panel of judges. The Innovation Process Leadership award recognizes Epec’s transformation with an IT and business modernization initiative using cloud-based ERP technology that has enabled lean, agile manufacturing and supply chain execution, while improving business efficiency and scalability for global growth.
Epec’s transformation got under way in 2007 when the company replaced an outdated, inflexible on-premise ERP application with NetSuite, a leading cloud-based business management suite. With NetSuite, Epec gained an end-to-end design, manufacturing and business platform for production of custom battery packs, flex and rigid-flex circuits, user interface products, electronic fans and motors, cable assemblies, and printed circuit boards.
As a cloud application, NetSuite gives Epec personnel at headquarters in Massachusetts and facilities in the UK, China, Colorado and Florida 24/7 access to design and production workflows. Epec has augmented its NetSuite-based manufacturing environment with Autodesk PLM 360, a cloud product lifecycle management (PLM) solution from NetSuite partner Autodesk to streamline and control complex build-to-order work.
“We’re incredibly honored to be recognized with a prestigious Manufacturing Leadership Award,” said Epec CEO Ed McMahon. “Our success illustrates what manufacturers can accomplish by embedding lean and innovative practices across the organization. NetSuite has been a huge part of that for us—NetSuite gives us an advantage over our competitors who still do things the old way with spreadsheets and disparate applications.”
In another innovation, Epec uses an online configure-price-quote (CPQ) engine from NetSuite partner Selectica to enable customers to configure build-to-print circuit boards over Epec’s ecommerce website InstantPCBQuote, reducing lag time and manual steps for both Epec and its customers while providing a complete record of specifications and transactions.
NetSuite cloud ERP and complementary solutions have played an important role in growth at Epec, with more than 5,000 customers around the world, including GE, Philips, Siemens, Raytheon, Tesla, Dolby, Honeywell, Lockheed Martin and Northrop Grumman. Since implementing NetSuite in 2007, Epec’s revenue has increased 233%. The NetSuite cloud ERP solution has also been instrumental in enabling Epec to rapidly assimilate seven acquired companies.