Australian aerospace company, TAE, is rolling out a new enterprise resource planning (ERP) system following a management buy-out from Air New Zealand in March this year.
An ERP system at its Brisbane office and a second ERP system in Adelaide are been replaced with an ERP software suite from IFS Applications.
TAE only has 12 months to replace the ERP system it shared with Air New Zealand.
According to TAE CEO Andrew Sanderson, the IFS dashboard will help with real-time business reporting.
"With IFS, we can see what is happening in each location, it is a much more robust management framework. There will be a few aha! moments – if we are doing something smart in Adelaide for example, why not do it here in Brisbane as well?” he said.
Sanderson added that the ERP software will lower TAE's financial reporting costs. It will also reduce the time involved in manually combining information sources using Excel spreadsheets.
"For example, IFS Applications will give us ready visibility of our supply chain," he said. "That will help our vendor management, putting us in a position to negotiate deals based on volume without having to glue together information from different systems."
TAE also has plans to deploy IFS project management capabilities within the ERP system and roll out new mobile apps to streamline operations. The apps could be used by customers to see and approve work orders, said Sanderson.
In July, CSIRO signed a licensing agreement with TAE to commercialise CSIRO’s Guardian Mentor Remote (GMR) wearable technology system.
TAE will make the system available to the global aerospace industry.
The GMR system consists of a helper station and an operator station, which both use a wearable computer with a helmet-mounted camera and a near-eye display.
The display allows the off-site expert to demonstrate what needs to be done using a pair of virtual hands. For example, GMR could be used to remotely connect technicians with aviation experts around the world.
This means companies can undertake aircraft and engine repairs/maintenance without having to fly in specialist engineers or mechanics.