TORONTO - Wednesday, April 27th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Dyadem today announced that it has been selected by Molex Incorporated(NASDAQ: MOLX and MOLXA) as its system of record for product quality. Molex, a leading global supplier of interconnection systems, will implement Dyadem’s Staturerisk management software platform, helping it to create a standardized system for managing quality across its worldwide operations.
Molex has chosen Dyadem, the market leader in Operational and Quality Risk Management, and its Stature platform for its secure central database, multiple language support and its ability to facilitate communication between geographies and business units. This will help Molex reduce the time it takes to conduct quality risk assessments and provide a way for its senior management to view comprehensive quality risks across the business, in real-time.
Molex needed an enterprise risk management solution that would allow its 25 global design centers and 39 plants worldwide to collaborate more effectively and continuously improve quality. “Using Dyadem’s desktop software we had created a network file system to categorize and maintain our FMEAs, but moving to Stature will allow us to leverage all that information as well as all the talent we have across the organization,” said Gary Matula, Senior Vice President and CIO, Molex. “Making it fast and easy for engineers in our centers of excellence to collaborate will maximize our ability to continue to develop the innovative solutions our customers expect while making sure our IP is protected in Stature’s secure database.”
Molex designs, manufactures and sells more than 100,000 electronic, electrical and fiber optic interconnect products for a wide variety of markets that include telecommunications, automotive, data, consumer electronics and industrial. To continuously improve product quality, it conducts Design FMEAs and Process FMEAs, resulting in an overwhelming amount of data that is isolated across several systems. Stature will consolidate this data and provide more information about quality metrics, including traceability. Stature will also help Molex to identify processes and areas where excess product scrap or re-work can be reduced and share these best practices and lessons learned across facilities and production lines, worldwide.
“Stature is so flexible that we are configuring it to mimic our product development process,” said Charlie Manlapaz, CAE Project Leader, Molex. “Stature will ensure that we start with requirements and a Bill of Materials (BOM) and move to Design and Process FMEAs, through to the test plan. Then manufacturing can pick up with the control and inspection plans all within the same system. Stature will eliminate the need for multiple systems and will walk our teams through a standard process for all of our products – ensuring quality and consistency across the globe.”
Stature is a Web-based software solutionfor managing risk that allows users throughout the world to securely work and collaborate as a single virtual team. It is an enterprise software platform that allows organizations to accurately capture quality trends, implement preventative measures, efficiently execute processes, and make informed decisions based on project and business process performance, all in real-time. Ultimately, discrete manufacturersthat use Stature aim to eliminate product and process failures, and reduce the likelihood of product recalls.
“Molex, like many companies today, recognized that it had intellectual property that was decentralized. It needed to implement a global software platform so that it could centralize quality data that had been collected over time,” said Kevin North, President and CEO, Dyadem. “When this data is centralized it can be converted into information, and when this information is communicated and distributed properly, it will become corporate knowledge – it will become legacy. In this process, Stature has helped leading edge organizations like Molex identify and mitigate a vast number of potential exposures and liabilities across the globe.”
About Dyadem
Dyadem is the market leader in Operational Risk Management and Quality Risk Management solutions. Dyadem provides software and services that empower companies to discover and manage the risks to people and products in the design and manufacturing processes. Dyadem helps some of the world’s largest companies achieve regulatory compliance and business continuity, serving the oil & gas, chemical, mining, pharmaceutical, medical, automotive, electronics and aerospace and defense industries. For more information, visit www.dyadem.com.
About Molex
Molex Incorporated is a 72-year-old global manufacturer of electronic, electrical and fiber optic interconnection systems. Based in Lisle, Illinois, USA, the Company operates 39 manufacturing locations in 16 countries. The Molex website is www.molex.com. Molex is traded on the NASDAQ Global Select Market (MOLX and MOLXA) in the United States and on the London Stock Exchange. The Company’s voting common stock (MOLX) is included in the S&P 500 Index.
Contacts
Dyadem
Maureen Robusto, +1-978-289-7752
Manager, Public Relations
mrobusto@dyadem.com
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