Some motorsport/Formula 1 related news here. On October 20, 2021 Epicor, an industry-specific enterprise software to promote business growth, and Scuderia AlphaTauri had announced that Epicor has been named the Team’s Official ERP Partner. To those, like me even, who does not have a clue of what ERP here stands for it is not Electronic Road Pricing (which is what Singapore uses for their road congestion charges) but something called Enterprise Resource Planning. This is basically a system which is used by a company to manage key parts of its business such as accounting, manufacturing, sales, and marketing. So here, Epicor's Kinetic cloud based software will be keeping track of a Formula1 team's daily business activities and their logo will make it debut on the Scuderia AlphaTauri car at tje Formula 1 Aramco United States Grand Prix in Austin, Texas
This agreement between the parties is a multi-year arrangement which builds on an already successful long-term technology relationship and solidifies Epicor as the powerful driver behind Scuderia AlphaTauri’s operations. The ERP solutions given by Epicor should enablea the team to focus on continuous performance improvements, both on and off the track. A team would need to keep track of everything and this ERP system, being based on a cloud based concept means that it would be accessible everywhere.
A new to Formula 1 team, Scuderia AlphaTauri, or simply AlphaTauri, and competing as Scuderia AlphaTauri Honda, is an Italian Formula One racing team and constructor. It is one of two Formula One constructors owned by Austrian beverage company Red Bull, the other being Red Bull Racing. The team made its first appearance in Formula in 2020, so if you have not been following F1 recently, this is one of the newer teams in the series. It is essentially a sister team of Red Bull Racing by the looks of it.
“In our data-driven world, there is no offseason. The demand for high quality data and intelligence across every aspect of our business and racing operations is paramount.” said Franz Tost, Team Principal of Scuderia AlphaTauri.
“Epicor is at the center of everything we do, and this technology partnership makes perfect sense for us. We’re able to quickly deliver the right information to the right people at the right time, which gives us a competitive edge. We are looking forward to go racing with Epicor for many years to come and achieve always greater results.”he added.
In a racing environment where success is measured in milliseconds, real-time performance data and attention to every detail is critical. The Epicor Kinetic industry productivity platform for manufacturers enables Scuderia AlphaTauri to centrally manage all processes and data across its operation, optimizing every aspect of the team’s production, inventory, component testing, and financials with greater speed, accuracy and organizational visibility.
“F1 demands a commitment to excellence, something in which the Epicor and Scuderia AlphaTauri teams align,” said Paul Stoddart, Epicor CMO. “Epicor is excited to be an essential partner enabling the team’s constant drive for performance, something we strive every day to deliver for all of the makers, movers and sellers we serve worldwide.”
Just one racing car is made up of more than 14,000 precision components. Many of those parts are custom-made onsite by technical designers and engineers. Historically, managing production of each unique part, understanding lifespan, and ensuring the right parts were ready for race day proved challenging with older, siloed software systems and manual processes.
By using Kinetic, Scuderia AlphaTauri can automatically render an entire schematic structure of its racing cars and every part, all serial-tracked, and store a snapshot of that structure coded to a specific race. During component production, Kinetic automates the job creation process for each part, minimizing data entry and speeding productivity. The team also has granular visibility into which machine, operator, and tools were used to manufacture each part, helping develop cost-analysis models that inform make-or-buy decisions, as well as quickly correcting any production issues before getting to the track.
During testing, Scuderia AlphaTauri overlays all telemetry data collected on the track from the more than 900 sensors onboard each racing car, providing a precise and accurate view into individual part performance, when each part is installed or replaced, and predictive analytics. The team can also automatically “unwind” the data to earlier snapshots of the car structure to pinpoint potential component issues and ensure a problem is not replicated.
The Epicor wordmark will debut on the AT02’s front wing endplates at the upcoming Grand Prix in Austin, celebrating the beginning of a long brand and technology partnership with the ERP innovator.
For more information on how Scuderia AlphaTauri benefits with Epicor, please visit their website
And if you're wondering why I'm carrying this news piece is the fact that Epicor also has an office located in Petaling Jaya, Malaysia. So this is more of informing you readers that this isn't some global piece of motorsport news as if you are a small to medium sized organisation and in need of some ERP solutions, this is one of those global companies that have a local presence.
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