Toray Sakai Weaving & Dyeing (Nantong)东丽酒伊织染(南通)
20 years of legacy data cleansed, month-end cut from 17 to 5 days: SAP delivers granular cost clarity for a Fortune 500 fabric maker
- Location
- Nantong, Jiangsu, China
- Industry
- Textile
- Products & Services
- Fabrics
- Website
- www.toary.cn
- Partner
- MTC
- Solution
- SAP Business One on HANA
Who They Are
Toray Group is a diversified chemical conglomerate and a Fortune Global 500 company with production facilities in 26 countries and regions worldwide. Fibers, textiles, and plastics form the foundation of its business. Toray Sakai Weaving & Dyeing (Nantong) Co., Ltd. (TSD) is a globally leading supplier of premium fabrics and accessories. Through its integrated capabilities spanning technology development, filament production, weaving, dyeing, finishing, and garment manufacturing, TSD delivers high-performance, high-quality, and high-sensitivity fabrics to every corner of the world. Previously, TSD operated separate purchasing, production, HR, and OA systems to handle internal procurement, manufacturing, sales, payments, warehouse operations, and payroll data. Financial reports and cost-profit analysis were completed manually, and the rigor, correlation, and standardization of data could not meet management requirements. Financial reports lacked persuasiveness. By implementing SAP as a bridging platform, Toray connected multiple business systems, standardized internal data and business logic, achieved finance-business integration with granular cost and profit accounting, and leveraged SAP HANA's analytical capabilities to enable mid-month revenue forecasting for faster sales and production decision-making.
Products Deployed
Implementation partner: MTC
What the Client Says
Through the SAP project, we completed the cleanup of over 20 years of legacy data, standardized data definitions and business processes, and refined the granularity of cost accounting. Monthly closing and management reports are now generated simultaneously. We can produce a clear report at any time for business review meetings.
SAP's logic is truly rigorous. Now our finance staff invest the same amount of time and effort but obtain much higher-quality information. They can drill down into root causes of variances. The data is clearer and the reports are far more convincing.
What This Upgrade Delivered
- SAP fully integrates business and financial data, with rigorous management standards ensuring data compliance and consistency.
- After visiting multiple enterprises, identified SAP's solution as the best fit for TSD's cost calculation needs and business management requirements.
- MTC's implementation and service capabilities earned trust and recognition through prior projects within the Toray Group's subsidiaries, establishing an excellent reputation.
- Completed the cleanup and simplification of over 20 years of legacy data through project implementation, putting enterprise data management on the fast track.
- Connected multiple systems to align business and financial data across procurement, yarn processing, greige fabric, dyeing, warehouse operations, and sales.
- Optimized cost accounting methods by adopting actual costing, improving accuracy and transparency. Achieved multi-dimensional cost analysis for every work order, every process, every cost element, and even work-in-progress across all business stages. Also enabled sales analysis by product, customer, and department for gross margin, marginal profit, and operating profit.
- Leveraged 80+ reports to enable standard vs. actual cost comparison, waste comparison, P&L analysis, and differentiated accountability tracing.
- Improved business and financial data quality and reliability. Data withstands drill-down and audit trails, making reports far more convincing.
- Reduced financial closing time. Monthly closing and management reports are now generated simultaneously, shortened from 17 days to 5 days, meeting group management requirements.
- Enabled mid-month revenue forecasting to support rapid sales and production decisions, creating a virtuous cycle between sales and manufacturing.
- Implemented credit management to assign comprehensive credit limits for suppliers, ensuring healthy payment term management and cash flow.
- Leveraged 80+ reports to enable data mining and drill-through across the full buy-to-sell process with end-to-end accountability tracing.
- Integrated business and financial data into a unified business support system, achieving finance-business integration through 3S management methodology combined with SAP to streamline and standardize TSD's business logic and processes.
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