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    ERP Implementation in TISCO

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    bhauwaladeepak
    TISCO is one of India's leading steel companies established in 1907. It implemented an ERP system across its entire organization in a single phase, which is a risky approach but can provide effective results if successful. TISCO hired leading consultants, studied its business structure, and drafted plans over an 8 month period. It ensured buy-in from stakeholders and addressed concerns about change. The ERP implementation resulted in increased sales, reduced debt, improved processes, and greater productivity, setting a trend for other companies. TISCO continues working to expand ERP's scope and benefits.

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    ERP Implementation in TISCO

    Uploaded by

    bhauwaladeepak
    623 views8 pages
    TISCO is one of India's leading steel companies established in 1907. It implemented an ERP system across its entire organization in a single phase, which is a risky approach but can provide effective results if successful. TISCO hired leading consultants, studied its business structure, and drafted plans over an 8 month period. It ensured buy-in from stakeholders and addressed concerns about change. The ERP implementation resulted in increased sales, reduced debt, improved processes, and greater productivity, setting a trend for other companies. TISCO continues working to expand ERP's scope and benefits.

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    TISCO is one of India's leading steel companies established in 1907. It implemented an ERP system across its entire organization in a single phase, which is a risky approach but can provide effective results if successful. TISCO hired leading consultants, studied its business structure, and drafted plans over an 8 month period. It ensured buy-in from stakeholders and addressed concerns about change. The ERP implementation resulted in increased sales, reduced debt, improved processes, and greater productivity, setting a trend for other companies. TISCO continues working to expand ERP's scope and benefits.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    623 views8 pages

    ERP Implementation in TISCO

    Uploaded by

    bhauwaladeepak
    TISCO is one of India's leading steel companies established in 1907. It implemented an ERP system across its entire organization in a single phase, which is a risky approach but can provide effective results if successful. TISCO hired leading consultants, studied its business structure, and drafted plans over an 8 month period. It ensured buy-in from stakeholders and addressed concerns about change. The ERP implementation resulted in increased sales, reduced debt, improved processes, and greater productivity, setting a trend for other companies. TISCO continues working to expand ERP's scope and benefits.

    Copyright:

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    Download as pptx, pdf, or txt
    of 8

    * ERP

    Implementation in
    TISCO
    By
    Deepak Bhauwala
    MBA 2 Marketing A
    Roll no 32107
    * Established in the year 1907
    * One of the leading steel giants in the country
    offering multiple products and successfully
    running many subsidiary corporations
    * Being a large entity does not stop things from
    being subject to scrutiny and internal audit
    * They are regularly implemented with the help
    of committees who report to the selected
    members from the senior management

    *TISCO FACTFILE
    * Implemented it into the whole systems in one single
    spree
    * Carries a lot of risks especially for a bigger company.
    Infact the success rate of this method itself is low in
    general and very low as far as bigger companies are
    concerned
    * Incase of the rare success organizations will experience
    effective results in their enterprise operations. TISCO
    has achieved that by way of meticulous handling and
    professionalism
    * The net results of their ERP software have been
    described to be path breaking and a trendsetting one

    *Implementation of ERP
    * TISCO faced two major problems from the systems that
    existed for a long time.
    * They were not customer friendly. The whole system was
    tuned to the process and very little attention was paid to
    the customer demands
    * The systems were outdates and the modalities of
    operation were too complex and not error free. In order to
    rectify these issues which would otherwise prove to be
    major setbacks to the company the organization resolved
    to take up ERP
    * Leading consultants were hired and the business
    structure was studied and suitable plans were drafted
    accordingly.

    *Why ERP in TISCO


    * Associated and implanted TISCO to all the stakeholders
    so that they become compatible
    * The period set for implementation seemed to be
    another major challenge as time given was 8 months
    * The business process was divided into two main
    segments
    * Core/ Major ones
    * Supporting/ Minor
    * A plan of action on the proposed ERP's impact was
    drafted depicting their relation to one another and to
    the business process.

    *The process
    * All of them were made to bear in mind the fact that
    ERP's implementation was imperative and that the
    deadlines were not very comfortable
    * The company took all efforts to ensure that the change
    did not produce any sort of resentment in the
    organization
    * This was done by educating everyone on the need and
    desirability of change. In addition all apprehensions
    relating to change were discussed and clarifications
    made to the fullest satisfaction.

    *The process
    * SAP ERP solutions produced a remarkable result to the
    company in terms of financial technical and managerial
    parameters
    * The effective handling and speed delivery resulted in
    greater sales .Similarly there was a drastic fall in the
    amount owned to creditors
    * The systems were made more user friendly without any
    complexities and procedural lacunas
    * This improved the quality of work and lessened the time
    taken for work and thereby increased the productivity.
    This was followed by a massive change in terms of
    accountability administration and control

    *The Outcome
    * This exercise undertaken by TISCO has been a
    motivating factor for both companies and ERP
    vendors
    * TISCO is not determined to stop ERP or attain a
    saturation point now
    * They are working on to improve and increase
    the scopes of enterprise resource planning
    software in the organization so that it benefits
    the stakeholders in all possible manners

    *Future moves….

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