| L&T LTM Cuts Inventory by 30%, Reduces Report Generation Time with Integrated ERP System |
Larsen & Toubro is India’s largest engineering and construction company. Its LTM business unit manufactures and markets a range of rubber processing machinery, auxiliary equipment for the plastics processing industry, and custom engineered products. The unit has a customer base spanning more than 40 countries, and includes global tire companies, multinational plastics processors, shipyards, and the Indian defense sector. |
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Challenges |
- Gain real-time insight into inventory levels to reduce costs
- Locate stock and track its movement through the organiza
- Access accurate data on income and expenditure
- Address cash flow issues resulting from delayed collection of outstanding payments
- Integrate business processes to improve operational efficiency
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Solution |
- Engaged Oracle Certified Partner Larsen & Toubro Infotech to implement an enterprise resource planning system based on JD Edwards EnterpriseOne Financials, Manufacturing, and Distribution modules, and integrate the system with an existing CRM platform
- Provided business managers with real-time access to data on inventory, expenses, and outstanding payments, ensuring they have control over these activities at all times
- Cut reporting time by four to five days, ensuring month-end reports are delivered to managers in a timely manner
- Reduced inventory by 30% by incorporating demand planning parameters to control the inflow of materials
- Minimized stock obsolescence by redesigning the bill of materials to account for differing weights and shapes of raw materials used in the manufacturing process
- Enabled effective cost management as the new system tracks costs as work orders progress through the production cycle
- Improved the quality of information by eliminating the need for multiple data entry
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