Riedon, Inc.

Riedon, Inc. has been a vertically integrated, global leader in the design and manufacture of precision and power resistors since 1960. Utilizing the latest in wire wound, thin and thick film, and foil technologies, Riedon offers one of the broadest product ranges in the resistor industry. In addition, Riedon resistors are known for their stability over time, even within extreme environments. Riedon serves customers around the globe in aerospace, military, and instrumentation industries.


Challenge

In 2019, Riedon reached out to CMTC for help with the company’s software system. The existing system relied on a number of spreadsheets to support finance and operations, lacked functionality, and was slow and inflexible. As Riedon’s business expanded, the software’s limitations prevented the company from moving forward against the competition. Riedon’s management team was looking to investigate new business systems to provide decision-makers with easier access to information about business operations, sales, and markets.

Solution

From May-August 2019, CMTC provided resources and expertise to perform an enterprise software selection (ERP, MRP, and key modules) to address long-term business system needs. CMTC worked closely with key Riedon managers and employees beginning with a thorough and clear understanding of the business and future growth goals; identifying and qualifying vendors and implementers; preparing vendor demos and vetting references. The planning methodologies and deliverables were specifically designed to provide Riedon’s management team with the tools they needed to efficiently evaluate, and subsequently select, viable enterprise systems.

Impact

Riedon attributes significant results to CMTC’s guidance through the ERP project, reporting $40,000 in cost savings, $100,000 in capital investments, $100,000 invested in workforce practices, and $70,000 invested in information systems and software in the past 12 months. The company was also able to retain 1 to 2 jobs following the ERP implementation.

 “The guidance and help we received from CMTC was instrumental in our successful ERP selection and implementation.”

— Michael Zoeller, President

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