GT Petrochem adopts e-business system
The Jakarta Post, Jakarta
In a bid to increase efficiency, polyester manufacturer PT GT Petrochem Tbk has begun to implement Oracle's electronic integrated business solution.
The company, which makes polyester and products used for textile production such as mono-ethylene glycol and polyester filament, signed a memorandum of understanding (MOU) to use Oracle's E-Business Suite with PT Oracle Indonesia recently.
"This agreement is based on the fact that the company is operating in a competitive manufacturing sector. This kind of IT solution is expected to improve services to the customers and stakeholders," GT Petrochem commissioner Bacelius Ruru said.
The E-Business Suite is an integrated system of core business applications that streamlines business processes, such as financial, purchasing, inventory management, order management, manufacturing and sales force operations.
Application modules of the solution include Enterprise Resource Planning (ERP) and Supply Chain Management (SCM).
GT Petrochem financial director Irene Chen said the company had invested US$3 million into the ERP and SCM.
"We hope the investment will help increase our company's revenue from last year's of around Rp 4.5 trillion (US$477 million)," Irene said.
The full implementation of the ERP and SCM modules, which started in March, was scheduled to be completed by the beginning of next year.
"The first phase of the implementation is for finance and supply," she said. "The second, which is for manufacturing including basic planning and production, hopefully will start in 2007."
PT Oracle Indonesia managing director Adi Rusli said the implementation of the module on finance -- which included five sub-modules on accounts receivable, accounts payable, cash management, fixed assets and a general ledger -- would take about nine months to install depending on the scope of the business.
Adi said this year 19 firms had implemented Oracle's IT solutions.
Oracle, which controls the largest IT solutions market share in North America, provides business solutions for small and medium enterprises (SME) to help improve their business operations, reduce costs and ensure profitability. (001)