Plex Systems Inc Strengths, Domain Expertise, and Key Differentiators
In 2018, Plex achieved double-digit growth for the 10th consecutive year, with more than 600 discrete and process manufacturers now on the Plex Manufacturing Cloud. Plex also introduced over 40 new product releases and enhancements to drive manufacturing productivity, workforce efficiency, and streamline operations from the supply chain through delivery.
In 2018, Plex helped its customers make 556,000 unique parts and complete more than 7 billion transactions per day to deliver a total of 4.3 million shipments. Besides having Cloud ERP Solution, Plex Corporation also offers a cloud-based supply chain solution called DemandCaster.
Plex Systems Inc Recent Developments
Plex Systems is providing cloud-based manufacturing ERP software and manufacturing execution solutions. the company offers business management products that include accounting and financials, customers and sales, enterprise management, human capital, and suppliers and purchasing; manufacturing operation products, which comprise products and programs, planning and scheduling, inventory management, production management, and quality management; and manufacturing execution system products.
The company's software is used for business process solutions, such as consolidate to report, design to make, order to cash, plan to produce, procure to pay, and reconcile to report; manufacturing process solutions, including industrial Internet of things, lean manufacturing, manufacturing intelligence, and mixed-mode manufacturing; and roles that include CFOs and financial leaders, CIOs and IT leaders, and plant and operations managers.
In May 2019, Plex Systems released Plex Industrial IoT, a suite of solutions designed to solve business challenges generating from the shop floor. Plex Industrial IoT connects machines to the cloud, manages the resulting data streams, and contextualizes the information in real-time. The first available offering will focus on asset performance management (APM), helping companies avoid manufacturing disruption caused by common problems like unplanned downtime, diminished machine performance, and substandard quality output.
Plex Systems Inc Mergers and Acquisitions (M&A) Activities
In July 2018, Plex Systems acquired DATTUS, a leader in Industrial Internet of Things (IIoT) connectivity technologies. DATTUS solutions connect manufacturing equipment and sensors to the cloud, manage high-volume data streams, and analyze in-motion equipment data to optimize performance, reduce costs, and ensure uptime. The acquisition expected to accelerate Plex's IIoT strategy, extending the Plex Manufacturing Cloud to new streams of machine data and the underlying intelligence.
DATTUS has been driving IIoT technology innovation with a mission to capture and leverage data from the millions of machines, sensors, and devices running in manufacturing operations around the world. DATTUS brings to the Plex Manufacturing Cloud three major capabilities that will become central to Plex's long-term IIoT roadmap: IIoT Connectivity, IIoT Data Management, and IIoT Data Analysis.
Plex Systems Inc Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Plex Systems Inc applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Plex Systems Inc and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Plex Manufacturing Cloud , customers.
Plex Systems Inc Overview
Ownership: - Francisco Partners Inc. and Accel
Number of Employees: 530
Key Verticals: Aerospace and Defense, Automotive, Communication, Construction, Consumer Packaged Goods, Distribution, Healthcare, Life Sciences, Manufacturing, Oil and Gas, Retail, Transportation, Utilities,
Plex Systems Inc Key Enterprise and Cloud Applications
Plex Manufacturing Cloud ,
Plex Systems Inc Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Plex Systems Inc Revenue Breakdown By Type, $M:
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Plex Systems Inc Enterprise Applications Revenues By Functional Markets, $M:
Plex Systems Inc Enterprise Applications Revenues By Verticals, $M:
Plex Systems Inc Revenues By Region, $M
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Plex Systems Inc Direct vs Indirect sales
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Plex Systems Inc Customers - Breakdown by Geo, Size, Vertical and Product
No. of Plex Systems Inc Customers: 640
No. of Plex Systems Inc Enterprise Applications Customers: 640
No. of Plex Systems Inc Cloud Customers: 640
No. of Plex Systems Inc Cloud Subscribers: x
Plex has 640+ customers globally in the automotive, fabricated metals, food and beverage, industrial machinery, plastics and rubber, and aerospace industries. These customers are now live on the Plex Manufacturing Cloud or supply chain planning solution DemandCaster.
Plex customer include Toyotetsu, Gill Industries, Romeo Power, Motion Dynamics Corporation, NuTek Food Science, Olde Thompson, Tower Oil & Technology, Uni-Grip, North American Lighting, Floracraft, Firstronic, Accuride Corporation, ByTec, Wolverine Advanced Material, TOMASCO Mulciber, Spring Dynamics, Shape Corp, Precision Global Systems, NHK, Fluid Routing Solutions, Phoenix Logistics, Polamer Precision, Quatro Composites, Weber Metals, Ada Technologies, Android Industries, Dynamic Abrasives, Gobar Systems, Muth Mirror Systems, Romeo RIM, Wescast Industries, Groeb Farms, Jensen Meats, Swoboda Molding, Inovo, Coast Products, Kamco Industries, and others.
Plex Systems Inc Market Opportunities, M&A and Geo Expansions
In October 2018, Plex Systems released multiple products and enhancements designed to deliver operational and business efficiencies that reduce costs, automate recurring processes, and give leaders improved system visibility and control.
Delivering Solutions for Connected Manufacturing. The Plex Manufacturing Cloud is the system of record for more than 640 leading manufacturers and has deep industry insights into the current and future needs of the manufacturing industry. Its solutions are built to help businesses innovate and grow while responding to industry demands and complying with global standards.
The fall 2018 quarterly product release includes enhancements to supply chain management, analytics, and the platform to improve the manufacturing process from the time an order is received to the time product is loaded for delivery.
Major product releases and enhancements include: - APIs for Business Management Transactions: This release expands upon Plex's existing suite of APIs, adding integration for business management transactions such as a chart of account maintenance, general ledger activity, and time and attendance.
These APIs can be used on their own or as part of a broader strategy to integrate Plex with a corporate system in a two-tier ERP environment.Â ECR to Procurement RFQ: The engineering change request (ECR) to procurement request for quote (RFQ) enhancement gives manufacturing engineers the ability to make requests for sourcing new parts directly within an ECR.
This new integration refines communications between engineers and buyers to accelerate the sourcing process. IntelliPlex Upgrade: This major update to Plex's business-intelligence (BI) application will deliver a greater selection of charting, visualizations, and faster, more flexible report design capabilities, helping leaders more effectively leverage key insights for decision-making. Lot and Heat Supplemental Shipping Documents: Adding new features to dynamic printing, this enhancement makes it easy to understand which supplemental attachments a user should print in addition to the main shipping documents. The automatic detection and presentation of important documents to include for shipping streamline the process. Multi-Entity Truck Shipping Module: This module enables enterprises with multiple plants to reduce logistics costs by providing better visibility and management of customer delivery requirements as well as fundamental logistic electronic data interchange (EDI) transactions. Plex Mobile: Plex's native mobile app enables a manufacturer's workforce to handle business-critical shop floor and administrative responsibilities in real-time from mobile devices. Enhancements have been made to cycle count, manage container, manage master unit and move, and part search functions. Plex Mobile is available for download through the Apple Store, Google Play, and Windows Marketplace.
Plex Systems Inc Risks and Challenges
With more than 640 customers and thousands of users touching its systems at any given time, Plex has the potential of optimizing its utilization across the manufacturing world. The issue is whether it plans to deliver greater integration into the eCommerce space by creating a business network to drive more transactions, supplier enablement, and sourcing activities into the mix.
Another challenge is to address the needs of manufacturing companies that have been expanding in Asia and Eastern Europe. Plex stands apart from other ERP offerings in that its strong MES offering is the only multi-tenant native cloud solution available. Plex made considerable penetration into enterprise accounts in 2017, consistently reporting record customer deals throughout the past two years.
Plex Systems Inc Ecosystem, Partners, Resellers and SI
Plex primarily does direct sales. The company work with system integration partners and has reseller relationships in Mexico, specifically.
Plex partnered with Workday and planed to deliver a packaged connector linking Plex with Workday for large enterprise companies. Workday will serve as the core system for HR processes, including recruiting, onboarding, talent management, benefits management and payroll for manufacturing firms, and manage consolidations of plant activities for regulatory reporting and financial statements.
In May 2019, Plex opened a new office in Prague, adding to the ecosystem of Plex partners supporting customers around the world.
Plex Systems Inc Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
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