Modern Industries

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MODERN INDUSTRIES

SAP OPTIMIZES INVENTORY AND ORDER TRACKING PROCESSES FOR MODERN INDUSTRIES

QUICK FACTS
“The implementation has integrated and streamlined our business processes and has resulted in optimized and cost-efficient inventory and order tracking process.” Mr. Shakil Khan, Manager (IT), Modern Industries

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Summary
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Implementation Highlights
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Name: Modern Industries

Location : Ghaziabad, India Industry : Manufacturing Products & Services : Freight Wagons Revenue : Rs 80 Crores Employees : 600 www.modernindustries.co.in e-Tomato Consulting

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Quick implementation Strong support and commitment of the internal IT team Good understanding of the implementation partner Expertise of the implementation partner Well-known brand Ability to integrate all the processes onto a single systems Scalable solution Automation of core processes Standardized processes Centralized database Availability of real-time information Enhanced efficiency in inventory and order tracking Reduced cost of operation Clarity, integrity and accuracy of information Better decision making FoxPro based inventory system Disparate systems for finance and inventory Lack of a centralized database

Website
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Why SAP
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Implementation partner
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Challenges & Opportunities
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Integration of business processes Better inventory control Better order tracking Better control on raw material pricing Availability of real-time information Streamlining of operations Single source of critical business information Centralized financial system Online tracking of inventory Minimizing manual efforts SAP Business One

Benefits
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Objectives
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Existing Environment
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SAP® Solutions & Service
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SAP ERP Success Story MODERN INDUSTRIES

MODERN INDUSTRIES

SAP OPTIMIZES INVENTORY AND ORDER TRACKING PROCESSES FOR MODERN INDUSTRIES

Transporting a huge variety of goods, from agricultural produce to coal, cement and petroleum products, the freight handling services of the Indian Railways play a crucial supportive role in fostering economic development in the country. In keeping with the changing times and hugely increased volume of transportation of commodities, Indian Railways are coming out with high capacity wagons designed to carry maximum load. Serving the Indian Railways effectively since 1960; Modern Industries is one of the leading and few manufacturers of freight wagons in India. To keep up with the demands of today’s market, the organisation took an important decision to replace its legacy systems with SAP Business One. Established in 1941 as a Lantern factory, Modern Industries presently supplies freight wagons which include all types of Container Carrying (BLC, BLLA) 40’, 45’ covered wagons, open wagons, tank wagons, flat wagons and hopper wagons to the Indian Railways used for transportation of carbines, coal, cement, and iron ore. The current annual capacity of the manufacturing unit is 3600 wagons. Early investment in IT In 1996, the organisation went through major expansions of its manufacturing unit to increase its production capacity. In the same year, the organisation computerized its major business process through in-house developed FoxPro software applications. The system worked well up to a point, but over time, the organisation faced challenges in tracking inventory and orders because of the disparate systems. Dynamic purchase rates, need for order tracking Wagon manufacturing involves a number of parts, some small, and some big and keeping track of all these items was proving to be difficult with the existing system. Also, for some of the parts used, the rates are dynamic and fluctuate based on market conditions and urgency of need. Further, a number of entries were being made manually leading to delay in information which resulted in lack of control on cost. Also, given the nature of their business,...
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