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Since its establishment in 1969, Korea Yakult Co., Ltd has established a leading position in Korea’s fermented beverages industry with best-selling products, such as Will and Kupffer’s fermented drinks, Wangddukeong and Kokomyeon instant noodles, and Birak Shikkye and Santafe beverages. Korea Yakult recently entered the functional-food market with the launch of V-food, a natural vitamin product, and it plans to grow into a company that provides complete healthcare solutions.
To fulfill its growth vision, Korea Yakult realized it needed robust processes for establishing and carrying out mid- and long-term management plans. The company implemented a business planning and simulation system based on Oracle Hyperion Planning and Oracle Business Intelligence Enterprise Edition that supported fast and accurate business planning and strategic decision-making. The Oracle system enabled Korea Yakult to standardize business planning processes and better predict the accuracy of management plans. The company also improved time and labor efficiency.
Korea Yakult will build on these advantages to respond quickly to changes in the food and beverage market, enhance management quality, and meet customer demands for healthy snacks and drinks.
Korea Yakult reviewed products from IBM, Oracle, and SAP and chose Oracle Hyperion Planning and Oracle Business Intelligence Enterprise Edition because the solutions were simple to customize and met performance requirements. In addition, the solutions could be easily integrated with Korea Yakult’s SAP ERP system.
“We also had faith in Oracle Korea, that it would actively support the implementation project, so were comfortable introducing Oracle’s enterprise performance management and business intelligence solutions to the business,” said Kang Woong-seong, CIO, Korea Yakult Co., Ltd.
Korea Yakult engaged Oracle Partner Blue Business Communication to build the business planning and simulation system, based on Oracle Hyperion Planning and Oracle Business Intelligence Enterprise Edition. The project began in November 2010, and the system went live at the end of April 2011.
The system has been operating without any issues since it went live. Korea Yakult is continuing with enhancements and plans to expand it into other areas, including performance management.
Oracle Korea provided active support throughout the project, with Oracle’s quality assurance executives and team leaders taking part in weekly meetings to ensure the quality of the system and resolve issues that arose during the course of the implementation.
Advice from Korea Yakult Co., Ltd
Oracle Partner Blue Business Communication provides consulting, implementation, and management services, specializing in executive information systems, decision support systems, online analytical processing, and Web reporting. Armed with rich experience, Blue Business Communication supported Korea Yakult during the Oracle implementation and customized modules for the company.