Tata Consultancy Services (TCS) is a global IT services, consulting and business solutions organization which recently announced a new deal with Panasonic.
Panasonic, headquartered in Kadoma, Japan, has successfully transformed its indirect procurement function using TCS' ERP on Cloud solution.
The ERP on Cloud platform, along with TCS' business process operations, enables Panasonic to enhance process compliance and standardize business processes for group companies across multiple geographies throughout the Asian region.
The solution avails Panasonic real-time visibility into their indirect sourcing and procurement processes and has helped them to both raise process quality and achieve significant savings through steady adoption of a standardized procurement platform.
This is just another milestone in Panasonic's overall business transformation initiative which it began in 2015.
The objectives of this endeavor are to enhance Panasonic's procurement compliance and improve transparency by standardizing indirect procurement processes across some 130+ sales and manufacturing sites located in more than 10 countries in the Asian region.
Commenting on the program Takuya Nagata, director MRO Procurement at Panasonic says, “TCS' depth of expertise in the procurement domain, paired with their ability to transform and streamline localized procurement processes into a unified template, made them an obvious choice for us.
“Not only have they helped us achieve process standardization, and improve compliance and regulatory principles, but also provide value-added operations through supplier base rationalization, catalog management and PO processing.
“TCS has acted as a true partner in assisting us throughout this transformation journey.
Raj Agrawal, VP and Global Head, TCS Platform Solutions, adds "We are delighted to partner with Panasonic in their journey to transform their sourcing and procurement processes, and believe we have enabled enhanced compliance and streamlining procurement operations on our Cloud ERP platform.
“Our team is elated to have successfully completed the transformation within stipulated timeframes across such a diverse group of markets, and believe it is testament to the commitment from all parties throughout."