Watershed, a family-owned business with multiple facilities across Europe, had been using Label Traxx even before some of their recent acquisitions. Before implementing Label Traxx, Watershed faced challenges in making informed investment decisions due to a lack of precise data on various operational metrics like average run rates, throughput numbers, and press utilization. Introducing Label Traxx helped Watershed capture better data and facilitated more informed decision-making.
Company Name: Watershed Group
Customer: Kirwan Waters, Business Director
“There are improvements across the board. We’re able to manage inventory far more effectively, able to order far more effectively, and manage cash flows better.”
- Acquiring reliable data to better guide investment decisions.
- Finding a trustworthy, suitable MIS/ERP to guide day-to-day operations
- Modernizing their daily operations
- Reducing the risk of quality issues.
- Improved reporting and trust in quantitative data
- More efficient inventory and capacity management
- Improved cash flow management and fewer mistakes
- Clearer communication channels
The Watershed Group, founded in 1992, is an international print packaging company that has grown from a single production facility in Dublin, Ireland, to facilities across Europe, including the UK, Ireland, Germany, and Poland. They are an international supplier of self-adhesive labels and packaging. The company, directed by Kirwan Waters, specializes in premium food and beverage markets, and also have a significant presence in pharmaceuticals and automotive sectors, catering primarily to household markets.
Making informed investment decisions
To help make more informed investment decisions and improve their overall workflow, Watershed relied on Label Traxx to provide access to critical operational data and insights. Before Label Traxx, Watershed lacked quantitative data like average run rates, throughput numbers, and utilization — essential for making informed decisions about equipment types and capabilities.
"The first thing we tell to all of our acquisition targets is, if you don't have a system in place, that's the one thing we're not going to accept," says Kirwan Waters, Business Director at Watershed. "The first decision we make is to look at a Label Traxx to be put in so that we can all start moving away from what we think is going on with the business to what we actually know is going on."
Evaluating productivity and operational data
With Label Traxx, Watershed could set targets for new equipment and ensure post-installation efficiency. It helped in understanding which equipment was least productive and what was needed for specific tasks.
"How do you ensure that when you bring a press in, that post-installation, it's actually doing what it's supposed to do in line with an investment thesis?" Waters says. "I think that's certainly the challenge we had until we got Label Traxx and we started to understand which press we should look at first, which is the least productive, what is the right press for this business, for this piece of work that we're trying to tackle."
Results and lessons learned
After installing Label Traxx, Watershed saw improvements across a variety of areas in their business.
“There are improvements across the board," Waters says. "We're able to manage inventory far more effectively, able to order far more effectively, and manage cash flows better.”
According to Waters, Label Traxx also reduced the time and stress involved in making business decisions by providing clear, data-driven insights.
"The only decision I would change is that probably on the first acquisition that I made, I was slightly slow to pull the trigger on Label Traxx," Waters says. "We spend our life in the data now and every decision we make is based around that."
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