GT Petrochem adopts e-business system
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)