Mumbai: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organisation, today announced that Panasonic Corporation, global leaders in electronics and white goods manufacture, headquartered in Kadoma, Osaka, Japan, has successfully transformed its global indirect procurement function using TCS’s ERP on Cloud solution.
The ERP on Cloud platform, along with TCS’s business process operations, enables Panasonic to enhance process compliance and standardise business processes for group companies across multiple geographies throughout the Asian region. The solution avails Panasonic’s real-time visibility into their indirect sourcing and procurement processes, and has helped them to raise processs quality and achieve significant savings through steady adoption of a standardised procurement platform.
In order to enhance corporate compliance for their global indirect procurement function, Panasonic embarked on a business transformation journey in early 2015. The objectives of this endeavour are to enhance Panasonic’s procurement compliance and improve transparency by standardising indirect procurement processes across some 130+ sales and manufacturing sites located in more than 10 countries in the Asian region. The programme deployment has been excecuted seamlessly across geographical boundaries, accommodating the needs of stakeholders from multiple cultural and linguistic backgrounds.
Commenting on the programme, Takuya Nagata, director, MRO procurement, Panaonic said, “TCS’s depth of expertise in the procurement domain, paired with their ability to transform and streamline localised procurement processes into a unified template, made them an obvious choice for us. Not only have they helped us achieve process standardisation, and improve compliance and regulatory principles but also provide value-added operations through supplier base rationalisation, catalogue management and PO processing. TCS has acted as a true partner in assisting us throughout this transformation journey.”
“We are delighted to partner with Panasonic in their journey to transform their sourcing and procurement processes, and believe we have enabled enhanced compliance and streamlining procurement operations on our Cloud ERP platform,” commented Raj Agrawal, VP and global head, TCS Platform Solutions. “Our team is elated to have successfully completed the transformation within stipulated timeframes across such a diverse group of markets, and believe it is testament to the commitment from all parties throughout,” Mr Agrawal added.
TCS will provide and take single point ownership for infratsructure, process design, application deployment, ongoing application support and operations.