Coop Sweden Expands Strategic Partnership with TCS to Realize its Long-term Transformation Goals

PRESS RELEASE

 

Coop Sweden Expands Strategic Partnership with TCS to Realize its Long-term Transformation Goals

Tata Consultancy Services Partners with Coop Sweden to Drive an End-to-end Business Transformation Program, Leveraging its Deep Domain Knowledge of the Retail Grocery Industry

STOCKHOLM | MUMBAI, September 16, 2020: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has expanded its strategic partnership with Coop Sweden, one of the largest grocery retailers in the country, to develop a new, future-ready digital core as part of the latter’s retail business transformation program to support its growth strategy.

Coop Sweden selected TCS as a strategic partner in 2019 to drive the integration of SAP S/4HANA within its core business systems. The expanded partnership builds on that success, and will leverage TCS’ deep domain knowledge of the retail grocery industry and its extensive expertise on SAP S/4HANA and digital technologies to power Coop’s ongoing retail business transformation program.

Over the next two years, TCS will closely collaborate with Coop to transform several key business areas across the retailer’s network, including finance, logistics and procurement; category management, pricing, campaigns, and store operations; and master data and analytics. TCS will redesign the business processes and help create a unified, real-time, process-centric view across Coop’s retail operations that will enable overall operational excellence, improved stock visibility, optimized stock levels, richer assortment of offerings, traceability, and better availability at local stores, driving a superior customer experience.

TCS will also be responsible for the organizational change management, helping ease the transition to the new system through well planned communication, training and role change enablement. The new digital core is expected to help enhance the resilience, agility and adaptability of Coop’s retail operations.

The number one priority for our business across Sweden is to provide a better experience for our customers and employees. With a need for new capabilities to deliver on the strategic plan and a rapidly evolving food retail business it is paramount to constantly look at ways to improve our current business process operations.” said Liselotte Andersson, Group CIO, Coop Sweden. “Our partnership with TCS has continued to enhance and grow, complemented by their exceptional knowledge of the retail grocery business and their commitment to Coop Sweden. TCS’ continued close partnership with SAP will also ensure we are able to harness the true value of the S/4HANA digital platform for our customers.”

New technologies, new ways of working and ever-increasing customer expectations require enterprises to stay agile and constantly adapt to change. Our deep domain knowledge, digital expertise and unwavering commitment to our Swedish customers and their employees have made us their preferred growth and transformation partner.” said Avinash Limaye, Country Manager, TCS Sweden. “We are delighted to partner with Coop in their retail business transformation program, and help them harness digital technologies to reimagine their operations and power their growth strategy.

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 443,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

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About Coop Sweden

Coop is one of the largest retail and grocery providers in Sweden, with approximately 800 stores across the country. The stores are co-owned by 3.5 million members in 29 consumer associations. All surplus that is created in the business goes back to the members or is reinvested in the business, which creates a circular cycle. Coop's vision is to be the good force in food in Sweden, which means the company always must be in the forefront when it comes to customer experience, environmental and sustainability work.

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