Challenge
As the global steel industry struggles with huge losses due to overproduction and slump in demand, efficient asset utilization emerges as its major focus area. Companies across the sector must revamp their supply chains to reduce operating costs and increase margins. Procurement, logistics, and production schedules must be synchronized with dynamic demand forecasts. This requires manufacturers to synergize their disparate enterprise functions for enhanced business agility.
TCS Solution
Our transformation solution integrates your demand management, planning, and scheduling functions with Enterprise Resource Planning (ERP) and Manufacturing Execution Systems (MES).
Our integrated supply chain management setup empowers steel production units to make accurate demand forecasts; optimize functions like forecast-to-stock, order-to-cash, procure-to-pay, accounting, analytics, and advanced planning and scheduling; prepare effective production schedules; and optimize inventory levels to significantly lower operating costs.
Our solution generates actionable insights around crucial aspects of the supply chain to help business users spot process-related bottlenecks, eliminate wastes, and optimize resources.
Benefits
Predict demand more accurately
Slash your inventory carrying costs
Implement end-to-end supply chain solutions quickly
Deliver customer orders in time
Maximize output with integrated sales, production, and procurement
Adapt quickly to changing markets
Take real-time decisions
Tap TCS’ extensive domain knowledge on best practices
