The Hindu : Business : LMW benefits from Oracle Suite

Online edition of India's National Newspaper
Tuesday, Jul 20, 2004

Business

Business

LMW benefits from Oracle Suite

By Our Staff Correspondent

CHENNAI, JULY 19. Lakshmi Machine Works Ltd. (LMW), textile spinning machinery maker, has increased its revenue by 20 per cent following the implementation of Oracle's enterprise resource planning product, the E-Business Suite.

Addressing presspersons, Sanjay Jayavarthanavelu, Wholetime Director, LMW, said the company had seen positive results from the implementation of Oracle product.

The implementation was phased over three-to-four year period at a cost of Rs. 6.5 crores including manpower, time, hardware and so on. With the integration of its business processes, there had been an increase in orders both from the domestic and international market, he said.

K Soundhar Rajhan, Senior General Manager, Supply Chain Management, LMW Group, said that LMW's first phase of implementation went live in 2003 and it launched 29 modules in ten months. Following the recommendation of the Boston Consulting Group, the company decided to integrate all its business processes on one platform.

The company had used Oracle to automate its complete production, sales and product development cycles, said Shekhar Dasgupta, Managing Director, Oracle India Pvt. Ltd.

He said that with the Oracle E Business Suite, LMW had been able to manage innovation, shorten sales cycles, empower the workforce and make faster and better decision with business intelligence.

The Rs 660-crore LMW was one of the three manufacturers in the world that provides a complete range of textile machinery and has a 68 per cent share of textile machinery in the domestic market.

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