TMEIC deploys Oracle’s E-Business suite to drive system operation


by Analytics Insight


January 20, 2022

Oracle has benefited TMEIC Corporation to add value to the business through its innovative solutions benefiting its customers in all areas

Challenges

Oracle is an American multinational technology company headquartered in Austin, Texas. Its headquarters was formerly located in Redwood Shores, California until December 2020. Oracle sells a SaaS suite of Oracle Fusion Applications business applications. and therefore Oracle Retail Suite covers the entire retail vertical, price management, merchandise management, invoice matching, store operations management, allocations, warehouse management, merchandise financial planning, demand forecasting, assortment planning and category management.

TMEIC Corporation develops advanced automation and drive systems for industrial applications, oil and gas, mining, serving the metals, material handling and renewable energy industries and other industrial markets. The company faced a challenge in deploying an ERP system that will meet the requirements of an engineering-focused business, as opposed to a manufacturing-focused organization.

Gain greater visibility into engineering project costs to enable more accurate pricing and billing for companies that are experts and custom drive and automation systems. Deployment of a CRM system that enables TMEIC business units around the world to coordinate sales activities with multinational customers and provide reporting capabilities. Get the insights needed to support expansion into new business segments and regions, like point-based material handling. and ultimately the control of IT management costs.

initiatives

To address these challenges, TMEIC has deployed Oracle E-Business Suite which runs using Oracle’s managed cloud services to create a highly available, reliable and scalable IT infrastructure to aid industrial automation. global corporate and drive system operations. Oracle deployed robust collaboration capabilities and enterprise applications that employees were used to when they were part of a supersized parent organization.

The service has streamlined operations while driving growth in new business areas like photovoltaics with cost-effective and flexible solutions. Later, the company’s old CRM tool was replaced with Oracle CRM on Demand to improve day-to-day sales reporting and to help the company’s performance of merged sales reports in various countries.

Then migrated to Oracle Sales Cloud with other TMEIC Group companies in India, Europe and China, enabling accurate forecasting and more effective win probabilities with sales teams and partners around the world.

Results

This Oracle service provided better visibility into project management, including costs, ensuring budget engineering-based automation that drives project delivery. It has broadened visibility into the company’s financial and human resources, helping to make informed decisions and also laid the foundation for rolling out talent recruitment in the near future. The solution allowed the company to close its monthly financial books in just half a day. It also allowed the company to manage a multinational workforce to take advantage of third-party nationals.

Improved reporting for supply management with greater visibility into different markets and channels. It has reduced IT management costs by more than 30% per year and provided predictability with cloud-based solutions that reduce the resources needed to specialize in system maintenance.

Freeing up internal IT resources to specialize in organizational priorities such as developing quoting and pricing systems suitable for the unique market of the company that sells specialized equipment and services for steel mills, ports, oil production and gas, mining and other industry customers. This is how Oracle has benefited TMEIC Corporation to add value to the business through its innovative solutions benefiting its customers in all areas to make their decision-making process simple and efficient.

“We found it very difficult to get visibility into all aspects of our projects, including planning, spending and staff time in the corporate world. We also needed quick access to critical application information across the enterprise. Oracle E-Business Suite, powered by Oracle’s managed cloud services, has allowed us to consolidate our disparate systems and improve business performance,” said John Slaski, Chief Information Officer, TMEIC Corporation.

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Analytics Insight is an influential platform dedicated to ideas, trends and opinions from the world of data-driven technologies. It monitors the developments, recognition and achievements of artificial intelligence, big data and analytics companies across the world.

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