press release

 

Panasonic Corporation Successfully Transforms Its Global Indirect Procurement with TCS ERP on Cloud

TOKYO | MUMBAI, December 6, 2017: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, 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’ ERP on Cloud solution.

The ERP on Cloud platform, along with TCS’ business process operations, enables Panasonic to enhance process compliance and standardize business processes for group companies across multiple geographies throughout the Asian region. The solution avails Panasonic real time visibility into their indirect sourcing and procurement processes, and has helped them to both raise process quality and achieve significant savings through steady adoption of a standardized 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 endeavor are to enhance Panasonic’s procurement compliance and improve transparency by standardizing indirect procurement processes across some 130+ sales and manufacturing sites located in more than 10 countries in the Asian region. The program deployment has been excecuted seamlessly across geographical boundaries, accommodating the needs of stakeholders from multiple cultural and linguistic backgrounds.

Commenting on the program Takuya Nagata, Director MRO Procurement, Panasonic said: “TCS’ depth of expertise in the procurement domain, paired with their ability to transform and streamline localized procurement processes into a unified template, made them an obvious choice for us. Not only have they helped us achieve process standardization, and improve compliance and regulatory principles, but also provide value-added operations through supplier base rationalization, catalog 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.”

TCS will provide and take single point ownership for infrastructure, process design, application deployment, ongoing application support and operations.

About Panasonic

Panasonic Corporation is a worldwide leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, and B2B businesses. Celebrating its 100th anniversary in 2018, the company has expanded globally and now operates 495 subsidiaries and 91 associated companies worldwide, recording consolidated net sales of 7.343 trillion yen for the year ended March 31, 2017. Committed to pursuing new value through innovation across divisional lines, the company uses its technologies to create a better life and a better world for its customers.

To learn more about Panasonic: http://www.panasonic.com/global.

About ERP on Cloud

TCS ERP on Cloud Platform provides a reliable, scalable, and secure cloud based solution for your enterprise operations. The platform spans processes such as procurement, supply chain, manufacturing, sales and distribution, customer service, human capital management,finance and accounting, budgeting and planning. Our platform’s mobile and analytics capabilities enable deeper engagement with stakeholders and provide contextual insights for data driven decisions.

We combine business process services, helpdesk support, application,and infrastructure to provide a single point of accountability. With preconfigured and standardized business processes, we help reduce localization and customization to ensure a smooth and fast implementation. Moreover, we offer a flexible pay-per-use pricing model that is aligned with your changing business needs, thus enhancing scalability and optimizing operating expenses. For more information, visit https://www.tcs.com/enterprise-resource-planning

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