Client background:
Client: Steel manufacturer
Industry type: Manufacturing
Products & Services: Steel & steel products
Areas of operations: USA, Canada, United Kingdom, Russia, Italy
Challenge
A leading North American steel manufacturer had long relied on manual product-costing processes. As new regulatory reporting requirements emerged, the manufacturer realized the need to improve its visibility into production costs and margins down to the SKU level. It also sought to bring reporting consistency across locations, which would enable granular impact analyses and improve organizational decision making.
Solution
Discussions with the manufacturer helped Wipro understand that costing analyses had historically been performed on ad-hoc basis using manual processes. In addition, a high level of data aggregation had impaired the steel company’s visibility into cost and profit information.
Wipro recommended a solution on the Oracle EPM Cloud platform to deliver accurate driver-based allocations. Using this platform, direct and indirect costs could be allocated using actual cost drivers for every step in production, regardless of location. In addition, profit margins for each SKU could be calculated using a multi-level allocation process, allowing the company to perform impact analyses for product costing and profit margins at a granular level across the enterprise.
Business Impact
This white paper focuses on an alternative approach to Risk-Based Testing, based on dynamic reassessment of risk and its benefits.
Find out how Mobility Assurance is playing a vital role in Organization's IT strategy today, and how it differs from traditional Testing processes
Mobile applications are have become a natural extension of web applications. While this sounds simple, it presents a major engineering challenge to mobile developers, and in turns requires a unique Quality Engineering strategy to define success.
© 2022 Wipro Limited |
|
© 2022 Wipro Limited |
Pharmaceutical & Life Sciences