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April 12, 2024

Impact of ERPNext Implementation on Torque Energy Pvt Ltd

by Admin

Introduction

Torque energy Pvt Ltd is a leading battery manufacturing company in India. Torque battery manufacturing journey started with tabular batteries; rival's innovations and competitions pushed Torque to start stepped into manufacture wide range of battery variants includes industrial, automotive batteries used for solar cells, railways, power plants, UPS, inverters, alarm system, standalone lights, automobiles. Also, e-rickshaw batteries and lithium-ion batteries of high-quality with strong technical expertise. Torque manufacture batteries from 2 volts till 12 volts ranging from 20 Ah to 200 Ah in both tall and bed type batteries. Torque has 4 multi-floor production units and has 4 assembly lines.

Ever evolving customer demands, automobile industry boom and GDP growth mandates Torque to increase the manufacturing capacity and units. Once they have started increasing their production capacity and units it becomes very difficult for them to manage their end-to-end business process.

After evaluating more than 8 ERP software they finally concluded with ERPNext. Still, Torque believes this decision-making is the key strategy they ever came up with.

Pre-Implementation

Key pain points faced by Torque before implementing ERPNext.

  • Struggled to meet customer demand.
  • Unable to maintain quality standard.
  • Improper Warranty management system.
  • Overtime consumption.
  • Low productivity
  • Customers were not able to track their warranty details.
  • Unable to handle Human Resources properly.
  • Unable to maintain proper accounts.

Implementation
After having multiple discussions, deep requirement gathering, and requirement analysis, Tridots has proposed and consulted a permanent solution to the above-mentioned problem statements.

Tridots Tech planned to implement 8 modules of ERPNext.

  • CRM (Customer Relationship Management)
  • Selling (Sales Management)
  • Stock (Inventory Management)
  • Buying (Procurement management)
  • Quality Management
  • Accounting
  • HR (Human Resource Management)
  • Warranty Management

Post Implementation

Impact of ERPNext implementation

  • Torque manufacturing capacity has improved more than 30%, previously they were manufactured 400 batteries per day and after implementation it is increased to 500 to 525 units per day. Their productivity has improved significantly.
  • Customers can be able to track and check their warranty details instantly through Warranty Management System, a custom module developed by Tridots, developed for Torque Energy.
  • Decision making authorities can be able to see all the information from anywhere and at any time in a single repository.
  • The customer retention percentage has improved to 95% from 80%.
  • Torque should be able to fulfill all the sale orders at the right time and with the right quality.
  • Torque should be able to maintain and manage more than 100 quality control techniques in a single ERP system. Which results in delivery of industry standard batteries.
  • All accounting concepts, including GST in a single system, smoothened their auditing process.
  • Torque streamlined their vendor management process; they managed over 75 suppliers in a centralized system.
  • They can be able to track their employee's productivity by tracking employees' time taken for producing a unit.

Conclusion

ERPNext a centralized software, has become the one stop solution for Torque to manage their end- to-end process. ERPNext implementation makes all their information more visible, transparent, easily accessible and at the same time highly securable. Torque has grown and growing.

Customer Testimonial

We have been using ERPNext Software for the past 4 years, we really love this software. The reason we love this software is it is the one-stop solution for all our business management needs.

Mr Pavan Kumar Ravendran – Managing Director

Torque Energy Pvt Ltd

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