Grant: Applied Research and Development Grants - Level 1

Seradex chose Sheridan College to help build a 3D Previsualization and Configuration Tool. Sheridan is a global leader in 3D multi-media development with expertise in photo realistic 3D modeling and animation, interactive video technology, and HTML5/WEB GL/X3D. Partnering with Sheridan will allow Seradex to deliver on their greatest challenge and requirement for clients, specifically, the companys ability to capture and deliver each clients visualization requirements successfully. Implementing Seradex's Configuration Tool will provide enormous benefits to the manufacturing industry by allowing them to manufacture and assemble on-demand in half the time with immediate cost benefits and savings to customer markets. Anticipated Impacts:Inventory: reduction/elimination of inventory in distribution chain; reducing 25% of surplus stock valued at over $100K.Planning: reduction of planning complexity, adaptation costs (of planning decisions), design risk and development costs valued at $100K (product flops).Capacity utilization and stability: stabilization of processes, reduction of capacity required in made-to-stock systems in order to adapt to short-term changes in trends equivalent to $250K.Sales: avoidance of lost sales due to out-of-stock items (14% or $35K); prevention of discounts at the end of a season (20% or $250K); opportunities for better channel management (25% or $200K); reduction of error costs (11% or $100K).