Tuesday, August 24, 1999
Tata Tech's e-commerce solution targeted at
manufacturing, service companies
Geeta Nair
Pune, Aug 23: Tata Technologies, a subsidiary of Telco with a
turnover of Rs 51 crore, on Monday launched `Value Chain Management', an e-commerce
solution to enable value-based interaction between business partners and manufacturers.
Over 350 suppliers of Telco are already using this solution to
transact with the company and the number is expected to go up to over 1,000 soon.
Following its successful implementation at Telco's Pune site,
Tata Technologies is now targeting other manufacturing and service companies to sell VCM.
At Telco, initially, Tata Technologies had established an EDI
network. However, due to high cost involved in getting connected to the EDI and poor
internal IT systems of small suppliers, this was found inadequate. It also took more than
three years to bring around 300 suppliers under EDI.
Thus, Tata Technologies developed a Web-based solution to enable
dealers and suppliers of Telco to transact electronically in an online real-time
mode.Apart from sending and receiving businessdata, the system also provides for exchange
of CAD data, a feature not available in any existing product. Among other things, the
system can also carry out vendor ratings.
The VCM solution was launched in May this year. Telco benefitted
through cost savings in communication, online access to information, better work flow and
transparency within the organisation. VCM has been made operational at Telco's Pune site.
Jamshedur, Mumbai and Lucknow sites will become operational soon.
SD Pradhan, CEO, Tata Technologies, said the company was aiming
at achieving a turnover of around Rs 60 crore this year and the product was expected to
generate additional revenues for the company.
The company has already signed up with Kinetic Engineering to
implement this product and agreements are still to be signed with five more companies.
Talks are also on with other Tata group companies for selling this product.
VCM is aimed at improving competitiveness of business partners as
it encompasses best practices and solutionsavailable worldwide. Through the internet, VCM
offers substantial benefits to the enterprise in terms of early information, better
communication and improved services. This will help reduce the cycle time for a company's
products, from design to delivery of the product.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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