IP Rings:Transforming Data into Business Value

IP Rings is a front line automotive components manufacturer, specializing in the production of piston rings in high carbon high alloy steels and nodular iron with a variety of surface coatings that find application in present day high performance low emission engines.

Before: Challenges and Opportunities 

• Existing ERP was not integrated with all the divisions of business units
• Stock tracking and month-end closer was not real time
• Planning & Manufacturing processes are manual, Stock report was not tallying with FI balance, Transaction was captured in multiple systems, No centralized ERP.
• Harmonize business processes
• Simplify and accelerate business by increasing agility and productivity
• Establish a set of calculation rules for a common database to compare and share best practices

Why SAP and SAVIC Technologies?

• Deep understanding of the Auto Components Manufacturing Industries
• Captured accurate real-time data for faster decision-making and improved time to market
• High-speed processing, real-time analytics, and full functionality of the SAP S/4HANA Enterprise Management solution across all lines of business
• Increase data accuracy, thanks to automated, intelligent processes

After: Value-Driven Results

• Real-time analytics to deliver insight into inventory and customer needs
• SAP S/4HANA covers most of the requirements as a best practice and inbuilt functionality, like finance, Sales, procurement, ASN, Document Management System, storage & production with seamless integration.
• Provided E2E solution starting from procurement of RM to packing materials, blending, production, stock transfer, manufacturing to sales depot and from primary sales from depot to customers by implementing FI/SD/MM/PP/QM/HCM
• Ever expanding business has to be supported by world class, proven next generation software platform. Different integrations with “batch management”, bar code reading, MIS reporting etc. with SAP S/4HANA.
• Product costing based on material, activity and overheads & System Integration with SRM Portal and Bio-Matric