Formex Industries makes use of Activios, a cutting-edge enabling platform that pulls high-performance teams together. The software helps inform, engage and empower employees, boosting productivity through transparency and accountability.
Employees log on to the Activios dashboard to review performance, work on actions, manage information and more. Regular forums ensure there is greater clarity on current status, decisions made, and jobs completed. The software has proven to drive employee performance and align teams to achieve common goals.
Activios helps to clarify where employees fit into the business cycle, as well as track any changes to the team or management. It enables employees to efficiently track and manage their portfolios and keep an eye on key performance indicators (KPIs) and scorecards.
The quality of work is improved as tasks can be broken down into measurable targets using Activios. The software also allows Formex to calculate and track a myriad of KPI’s on a continuous basis, for example, overall equipment effectiveness (OEE) – resulting in a common understanding of production cycles and how they can be improved and altered to meet agreed targets.
Formex Industries is a metal forming and assembly company that supplies a variety of complex products to the local automotive industry and export market. The company is based in the Nelson Mandela Bay metropole, South Africa’s foremost region for automotive manufacturing and export.
Formex specialises in producing components for the catalytic converter industry, as well as metal components and assemblies for the various vehicles. Formex aims to become one of the foremost suppliers for the South African automotive industry by 2035, aligning itself with the South African Automotive Masterplan (SAAM) which takes effect in 2020.
Formex is a Level 2 B-BBEE supplier with over 80% black ownership, of which more than 40% are black women. The company is owned by Deneb Investments Limited – a subsidiary of Hosken Consolidated Investments Limited (HCI) – one of South Africa’s biggest true B-BBEE companies listed on the Johannesburg Stock Exchange (JSE).