HONG KONG β March 8, 2023 β Tontec International, a global leader in the design and production of plastic injection molds and moldings, is taking its supply chain management to the next level with (ΒιΆΉΤ΄΄ IBP).
Working in sync with ΒιΆΉΤ΄΄ S/4HANA Cloud, the cloud-based ΒιΆΉΤ΄΄ IBP will enable the company to monitor and manage complex global supply chains and improve business planning decision-making with multiple scenario visibility, real-time analytics and automated workflow. With ΒιΆΉΤ΄΄ IBPβs data-driven forecasting, Tontec will be in a position to reduce inventory and shorten order fulfillment cycles to improve customer service and save costs.
The ΒιΆΉΤ΄΄ IBP deployment will kick-start Tontecβs digital supply chain transformation journey and bolster its leading position as a partner to enterprises in the global aerospace, automotive, industrial equipment, office appliances and medical devices industries. Headquartered in Hong Kong, Tontec operates 11 high-tech manufacturing plants worldwide, along with three development centers.
Through RISE with ΒιΆΉΤ΄΄, Tontec has implemented ΒιΆΉΤ΄΄ S/4HANA Cloud to create an integrated global platform that leverages advanced machine learning algorithms and automation to enable greater product customization, faster delivery and consistent high quality. Tontec is now in the process of deploying the following ΒιΆΉΤ΄΄ IBP modules to further improve its responsiveness and efficiency:
- Demand Planning: By automating statistical forecasting and bringing demand planners and marketing, finance and supply chain into its digital processes for closer collaboration, Tontec can generate demand forecasts based on data. It will be in a position to continuously monitor segmented internal and external data sources so it can react faster and deploy products more precisely to meet short-term demand. Tontec will also be able to standardize its demand review meetings, helping it develop a balanced action plan with input and support from a range of stakeholders, including its production, sales and marketing teams and customers.
- Sales and Operations Planning: Enabling cross-functional process orchestration and collaboration with suppliers, Tontec has the capability to select and consider multiple key constraints over an extended forecast horizon to ensure it can effectively balance demand and supply and meet its financial targets. This will enable Tontec to take advantage of different βwhat-ifβ and simulation scenarios to identify risks and opportunities and help it meet the customer at a balanced inventory level to drive profitability.
ΜύβAs a global leader in the design and production of plastic injection molds and moldings, Tontec is determined to transform towards Industry 4.0,β said Nelson Lam, President, Tontec. βThus, it is imperative that our supply chain planning processes are harmonized on one platform. With ΒιΆΉΤ΄΄ IBP, we can make use of real-time data from multiple functions and locations and align our planning with our financial targets in collaboration with customers and suppliers. This improves the accuracy of our forecasts and the efficiency of our planning processes to significantly impact our working capital, operating costs and income.β
Esmond Tong, Managing Director, ΒιΆΉΤ΄΄ Hong Kong, said: βFast and accurate business planning is vital for manufacturers in an operating environment that is more challenging than ever, with fluctuating demand, long supply lead times and logistics disruption. ΒιΆΉΤ΄΄ IBP enables companies throughout the supply chain to handle these challenges and work together to be more agile and resilient. Market leaders like Tontec are leading the way to create an efficient and highly digitalized system with tangible business benefits.β
Learn more about ΒιΆΉΤ΄΄ Integrated Business Planning for Supply Chain or talk with us at +852 2150 2799.
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Mr. Benson Chao, Head of Communications, ΒιΆΉΤ΄΄ Hong Kong
+852 2539 1947 ΜύΜύΜύΜύΜύΜύΜύΜύΜύΜύ benson.chao@sap.com