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Panasonic CorporationSuccessfully Transforms Its Global Indirect Procurementwith TCS ERP on Cloud

TOKYO | MUMBAI, December 6, 2017: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, today announced that Panasonic Corporation, global leaders in electronics and white goods manufacture, headquartered in Kadoma, Osaka, Japan, has successfully transformed its global indirect procurement function using TCS’ ERP on Cloud solution.

The ERP on Cloud platform, along with TCS business process operations, enables Panasonic to enhance process compliance and standardize business processes for group companies across multiple geographies throughout the Asian region. The solution avails Panasonic real time visibility into their indirect sourcing and procurement processes, andhas helped them to both raise processs quality and achive significant savings through steady adoption ofa standardized procurement platform.

In order to enhance corporate compliance for their global indirectprocurement function Panasonic embarked on a business transformation journey inearly 2015. The objectives of this endeavor are to enhance Panasonic’s procurement compliance and improve transparency by standardizing indirect procurement processes across some 130+ sales and manufacturing sites located in more than 10 countries in the Asian region. The program deployment has been excecuted seamlessly across geographical boundaries, accommodating the needs of stakeholders from multiple cultural and linguistic backgrounds.

Commenting on the program Takuya Nagata, Director MRO Procurement, Panaonic said: “TCS depth of expertise in the procurement domain, paired with their ability to transform and streamline localized procurement processes into a unified template, made them an obvious choice for us. Not only have theyhelped us achieve process standardization, and improve compliance and regulatory principles, but also provide value-added operations through supplier base rationalization, catalog management and PO processing. TCS has acted as a true partner in assisting us throughout this transformation journey.”

“We are delighted to partner with Panasonic in their journey to transform their sourcing and procurement processes, and believe we have enabled enhancedcompliance and streamlining procurement operations on our Cloud ERP platform, commented Raj Agrawal, VP and Global Head, TCS Platform Solutions. “Our team is elated to have successfully completed the transformation within stipulated timeframes across such a diverse group of markets, and believe it is testament to the commitment from all parties throughout.”

TCS will provide and take single point ownership for infratsructure, process design, application deployment, ongoing application support and operations.

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