Client Background
- Client: Steel distribution company headquartered in Texas, USA
- Industry type: Manufacturing
- Products or Services or Core Business: Manufacturer of oil country tubular goods (OCTG), line pipes, specialized steel products
- Geography or Areas of operations: USA, Canada
Challenge
The organization had legacy systems that resulted in significant amount of manual operations and lack of end-to-end visibility of data, which hindered their growth and speed-to-market. The client was looking for a solution that would help them:
- Improve Finance and Accounting capabilities
- Ensure data integrity and data visibility to ultimately improve market touch
- Enable timely financial closing with enhanced reporting & analytical capabilities, thereby impacting the company’s financial performance
- Automate processes where manual intervention is unnecessary
- Establish real-time inventory visibility across the organization
Solution
Wipro helped the organization remove bottlenecks in key business processes and recommended Oracle NetSuite to offer a robust solution for current and future needs. Wipro implemented NetSuite SuiteSuccess Manufacturing Mid-Market 2018.1 edition.
- Modules implemented: Financial Management, Order and Billing Management, Procurement, Advanced Revenue Management, Inventory Management
- Implemented automation for:
- Release Orders and Delivery Orders numbering
- Lot numbering for Item Receipt and Work Orders
- Quote-to-Order and invoicing processes
- Implemented solutions for:
- Lot & PO Soft-Commit
- Catch weight management
- Created reports for item availability and warehouse inventory
Business Impact
Wipro’s solution resulted in the following benefits:
- Streamlined processes and increase in efficiency as a result of automating various processes in Procure-to-Pay and Quote-to-Order
- Reduced duration for reporting month and quarter closures, enhancing productivity
- Real-time visibility of inventory
- Improved financial analytics, auditing and profitability analysis
- High scalability, leading to greater preparedness for future growth opportunities