Toray Sakai Weaving & Dyeing (Nantong)
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
- Chinese name
- 东丽酒伊织染(南通)
- Location
- Nantong, Jiangsu, China
- Industry
- Textile
- Products & Services
- Fabrics
- Website
- www.toray.cn
- Partner
- MTC
- Solution
- SAP Business One on HANA
Company Profile
Toray Group is a diversified chemical company and a Fortune Global 500 company with production facilities in 26 countries and regions. Fibers, textiles and plastics form the foundation of its business. Toray Sakai Weaving & Dyeing (Nantong) Co., Ltd. (TSD) supplies premium fabrics and accessories through processes spanning technology development, filament production, weaving, dyeing, finishing and garment manufacturing. TSD previously used separate purchasing, production, HR and OA systems for procurement, manufacturing, sales, payments, warehouse operations and payroll. Financial reports and cost-profit analysis were prepared manually, and data consistency did not meet management requirements. SAP now connects these systems, standardizes business data and supports detailed cost and profit accounting. SAP HANA also provides mid-month revenue forecasting for sales and production planning.
Systems and Applications in Scope
Implementation partner: MTC
Client Feedback
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.
Implementation Outcomes
- SAP fully integrates business and financial data, with rigorous management standards ensuring data compliance and consistency.
- 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.
- Adopted actual costing and added multi-dimensional cost analysis by work order, process, cost element and work in progress. Sales analysis covers gross margin, marginal profit and operating profit by product, customer and department.
- Used more than 80 reports for standard-versus-actual cost comparison, waste comparison, P&L analysis and 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.
- Added mid-month revenue forecasting to support sales and production decisions.
- Implemented credit management to assign overall credit limits for suppliers, keeping payment terms and cash flow healthy.
- Used more than 80 reports for drill-through analysis across procurement, production, inventory and sales, with responsibility traced to the relevant records.
- Integrated business and financial data into a unified business support system, achieving finance-business integration through 3S management methodology combined with SAP to tidy up and standardize TSD's business logic and processes.
- Meets China local tax and fiscal compliance, with business and finance data fully connected, traceable and standards-compliant
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View caseThis case is published with the customer's authorization.
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