TCS iON Facilitates Inventory Management and Tracking for Moflex Suspensions Private Limited
Moflex Suspensions Private Limited is a leading manufacturer and supplier with experience of over 30 years in manufacturing springs, suspensions, and other ancillary parts used in the automotive industry.
Moflex faced the following challenges, which it sought to eradicate using iON solutions:
- Being a manufacturing organization, Moflex had a large variety of items in its inventory. As a result, the movement of inventory within units could not be monitored effectively. Moreover, the cost incurred due to the movement was not updated in accounting records.
- Inaccurate and inconsistent reports which adversely affected decision making.
- In addition, it was imperative to maintain the security of confidential data within and outside the organization.
Tata Consultancy Services (TCS) understood the business process of Moflex, their pain areas, and deployed iON Digital Manufacturing solution.
Business Value Derived:
- The organization was able to track inventory at every stage of manufacturing through process instruments, such as GINs, QGINs, and GRN.
- The inventory cost was aligned with iON Finance and Accounting (F&A) solution to achieve cost intelligence.
- Centralized on-demand and drill-down reports resulted in better analytics and decision making.
- Data confidentiality was enhanced using IP whitelisting and blacklisting methodology to prevent unauthorized access to systems.
- Reduced expenses; readily available support and solution upgrades were provided at no additional cost.
- Records and certificates tracked easily using Document Management System (DMS).
- Cloud-based structure enhances solution performance; no more worries about service failure issues.
“iON-ERP has helped us in decision making through improved reporting for Cash Flow through this functionality. With a single click we are able to get the desired report. This has reduced a lot of unnecessary time of employees and other stakeholders preparing the report.” – Mr. Anuj Patel, Dy. Account Manager
” I believe that all small & medium size enterprises can position their organizations to take benefit from iON that is designed to meet their needs in order to achieve organizational growth. iON meets most of our requirements and improves our overall performance. “
– Mr. Prithvi Singh Budhiraja, Partner
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