VirTex Assembly Services

COMPANY: VirTex Assembly Services
HEADQUARTERS: Austin, TX
SIZE OF COMPANY: 100-499 employees; $10M-$25M in revenue
INDUSTRY: Electronics and semiconductors
PRIMARY PRODUCT LINE: Surface mount assembly, global supply chain, box build, systems integration, and fulfillment services
NAME OF PROJECT: VirTex Intelligence and Business Execution System (VIBES)
PROJECT OBJECTIVE: To better understand the forces and costs that drive the business; optimize labor requirements and react to current information in order to maintain profitability; provide real-time information to effectively deploy the work force; provide a job cost that reflects overhead costs, material, and direct labor; project monthly operating profit/loss based on staffing levels and sales backlog
TECHNOLOGIES EMPLOYED: Oracle Database
ACCOMPLISHMENTS/ROI: Kitting resources reduced 30%, changeover time reduced 50%; program management resources reduced 30%. First pass inspection yield increased by 4%; final inspection yield increased 2%; test yield increased 2%; gross profit increased 5% for PCBA assembly work. Payback on $750,000 investment expected within 24 months; 16 new customers acquired; annual revenue expectations exceed $5 million for 2010