VERITAS is an Oracle-based Enterprise Resource Planning (ERP) system developed by Techmodal to support MOD business processes. Techmodal have developed VERITAS using a good understanding of Defence data and how this data can be presented in a meaningful way to enable the MOD to make more informed decisions, leading to large cost savings. VERITAS is being utilised throughout the Army and DE&S and will be released across other areas in the future.
Key functionality within VERITAS includes:
– Activity Forecasting, Costing and Modelling
– Inventory, Repair and Ammunition Stockpile Management
– In–Year Financial Management
– Fleet Management
– Performance Management
The Cost Assurance and Analysis Service (CAAS) is the centre of excellence for pricing and costing support to the MOD Acquisition Community. It allows Defence teams in DE&S and the wider MOD the ability to enable continuous improvement of the acquisition process, risk reduction, and ensuring 'Best Value for Money' for Defence.
Techmodal have been engaged in a large number of projects with CAAS providing finance and risk modelling and consultancy services to support important business decisions, some of these engagements include:
– Whole Life Cost and Schedule Analysis models
– A complex Schedule and Cost model allowing for a portfolio view of activities across multiple domains.
– Through Life Cost Models that forecast costs for acquisition of CAT–A Programmes.
HUMS (Health and Usage Monitoring System) was a study undertaken by Techmodal to demonstrate and quantify the improvements in operational availability and cost avoidance through exploitation of environment Land HUMS data, taken from a variety of land vehicles. The modelling of training data demonstrated the perceived potential for benefits from an altered maintenance regime. The data was also used to demonstrate the capability for producing useful management information, for the enabling of quick/strategic decisions. A set of charts were created to meet requirements, set by Army stakeholders, utilising the new information generated. These charts demonstrate how HUMS data can be utilised to provide an improved view of platform health, availability and reliability – as well as providing earlier warnings where a vehicle may be at risk.
The Techmodal Analytics team work in all areas of the business to provide consulting expertise on data analytics, modelling and algorithmic development. Recently, Techmodal developed a data management system with Defence General Munitions (DGM) that brings considerable benefits to their daily operations. At the centre of this is a munitions forecasting algorithm and inventory management tool, which when provided with current stock levels, consumption rates, service life expiry dates (SLED) and planned procurement information is able to model future stock requirements. Furthermore, DGM now have the ability to carry out what–if analysis on their stock position, which can provide insight into future capability and risk.
Cost Coherence was created on the principle that benefits can be realised by using common tools and processes to maintain project finance data. The Cost Coherence tool is structured to enforce a common process of entering and maintaining cash and accrual forecasts, in a common structure. The tool enables aggregation and filtering, together with the generation of bespoke graphs and monthly reporting for planning and budgeting purposes. Cost Coherence data can then be uploaded into corporate Management Information tools, specifically enabling stakeholders from Army HQ and DE&S to analyse the fixed and variable cost of delivering the Army activity plan.