ATLANTA – Manufacturers that adopt manufacturing execution system capabilities are more likely to realize best-in-class performance levels, reveals a new report from the Aberdeen Group research firm.
The survey of more than 650 manufacturing executives found best-in-class manufacturers had 98% products in compliance, 95% first-pass yield, 36-minute response time to nonconforming shipments, and 96% on-time delivery.
The study, "Compliance and Traceability in Manufacturing," was undertaken to better understand key capabilities that help manufacturers manage compliance and traceability initiatives. (Visiprise Inc., a supplier of MES software, helped underwrite report.)
The report defines best-in-class manufacturers as the top 20% of performers, while laggards represent the bottom 30% in a weighted average across the four measured areas.
The report notes "a direct relationship between best- in-class performance and technology adoption." Companies experiencing best-in-class performance are 53% more likely to have invested in MES capabilities than companies experiencing laggard performance to support their compliance and traceability initiatives.
Aberdeen further reports companies can gain visibility into product and process information across their value chain by establishing real-time interoperability between MES and other systems. “Best-in-class performance is differentiated by the adoption of MES and Quality Management System capabilities, which helps ensure comprehensive product and process traceability for manufacturers," said Mehul Shah, research analyst, Aberdeen Group. "Best-in-class manufacturers are further linking these applications with enterprise solutions, so that this traceability continues across the supply chain to customer receipt and beyond, enabling manufacturers to quickly and effectively respond to nonconformance incidents."
WEST BRIDGEWATER, MA – Silver Mountain Design will represent the full range of Sunburst EMS’s electronics manufacturing services in the Western U.S., including design, prototyping, PCB assembly, conformal coating, box build, and supply chain management.
Silver Mountain Design is a manufacturer’s rep with three sales offices representing Nevada, Arizona, New Mexico, and Southern California.
SHANGHAI – Business Media China has issued a call for papers for the China SMT Forum scheduled for Nov. 4-6 at the Shanghai International Exhibition Center.
Abstracts are requested for sessions on lead-free soldering and RoHS-conform technologies, semiconductor packaging and power electronics, PCB technologies, surface finishes and quality control, reliability and testing, assembling and soldering technologies, and electronic markets and future trends.
SPRINGFIELD, MA —A merger by a pair of EMS companies has led to a name change for the combined entity. Nu Visions and Veritek are now OnCore Manufacturing Services (OnCore). The company focuses on the defense/aerospace, medical and industrial segments, and has locations in Springfield, MA; Longmont, CO; San Jose and San Marcos, CA; and Tijuana, Mexico.
The merged company has estimated sales of more than $200 million and more than 900 employees. Its Web site is www.oncorems.com.
YAVNE, ISRAEL – Software provider Valor Computerized Systems plans an initial public offering of ordinary shares, according to a Securities and Exchange Commission filing.
The company did not disclose the expected size or price range of the IPO, but indicated the planned March offering may net up to $80.5 million.
The company plans to offer $50 million of shares, while shareholders will make an offer to sell of up to an additional $20 million of their shares and underwriters will be granted options for an additional $10.5 million worth of shares.
For the nine months ended Sept. 30, Valor's earnings were $2.2 million on revenue of $31.4 million.
Valor, currently traded on the Frankfurt Exchange, said its new symbol will be "VLOR."
MANAMA, BAHRAIN – An investment group on this Indian Ocean island nation has purchased a majority stake in EMS provider Victron.
Unicorn Investment Bank invested $70 million to acquire an 80% equity stake in the Fremont, CA-based EMS company. Its management team is expected to stay on.
"Victron combines strong execution capabilities with highly-flexible operations, resulting in a unique and highly-competitive business model," said Unicorn global private equity managing director Aamir Khan, in a statement.
Victron has a 130,000 sq. ft. manufacturing plant in Fremont.
"Our partnership with Unicorn will allow us to further leverage our core competencies to serve the growing number of companies with high-mix electronics needs," said Victron president Chris Lee. "We are excited at the opportunity of working with Unicorn's team to explore international expansion opportunities."