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The
Economic Times - Indias No 1 Business Newpaper
PUNE
23 AUGUST AUG 24 1999 |
TTIL launches Net-based VCM
Our Staff Correspondent
PUNE 23 AUGUST
TATA Technologies India Ltd (TTIL)
on Monday launched Value Chain Management (VCM), an Internet-based product that
facilitates interaction between business partners and manufacturers.
Mr S D Pradhan, chief executive
officer, TTIL, said: “Companies need to manage business processes efficiently across
the value chain, from procurement, manufacturing, distribution to sales and service. VCM
emphasises on reduction of both, cycle time and costs.”
The product was installed at Telco,
Pune, on May 19. Over 350 of its suppliers have logged in over the past two months, Mr G S
Singh, DGM, VCM group, said. It will be extended to Telco dealers shortly.
TTIL has filed for a portal under
the brand name `vcmsolu- tions.com’. The product is aimed at the manufacturing sector
where the trend is to out-source functions traditionally done within the company.
TTIL has bagged an order from a
transport company that operates a fleet of trucks in 40 cities. The software will track
all movement not only for the transporter but also for its customers.
This product alone is expected to
add Rs 3 crore to TTIL’s turnover in the current financial year. Its turnover in
1998-99 was Rs 51 crore. While VCM is already Internet-enabled, it can also support
e-commerce. TTIL will implement this in the Tata office in London, integrating it with
Telco’s Pune, Jamshedpur and Mumbai offices. This is being seen as a business
opportunity since TTIL gain access to the European market.
Features, which will be added to
VCM, include video conferencing and design consultation on the Web, said Mr Deepak
Shikarpur, head of business development, TTIL. The product will be displayed at an
Internet exhibition in Delhi in September and is one of the four Indian products to be
showcased by the Indo-Italian Chamber of Commerce at the SMAU expo in Milan in
October. |
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