TrueColor Corporation Cuts Month-End Settlement by Four Days, Reduces Inventory Capital 20%
 
 

TrueColor Corporation Cuts Month-End Settlement by Four Days, Reduces Inventory Capital 20%

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Founded in 1991, TrueColor Stationery Co., Ltd, one of China’s largest stationery companies, is engaged in the research and development, manufacturing, and marketing of pens, pencils, art materials such as crayons; paint; and paintbrushes; and school and office supplies, including glue, whiteboard markers, and scissors. TrueColor Stationery has production facilities in Shanghai; Kunshan (in Jiangsu Province); and Qingyuan (in Guangdong Province) as well as R&D centers in China, Korea, and Switzerland. It owns more than 120,000 square meters of workshop space.

 
 

 
 

Challenges

A word from TrueColor Stationery Co., Ltd

  • “By implementing Oracle’s JD Edwards EnterpriseOne, we succeeded in building an information management system that integrates material supply, production, sales, and financial settlement. This enables us to quickly adjust our production plans and marketing strategies in response to customers’ changing demands, which will help maintain high levels of customer satisfaction and maximize profits.” – Gui Yang, Manager, IT Department, TrueColor Stationery Co., Ltd

  • Integrate processes for production; sales; financial settlement; and the supply of raw materials, such as plastics and inks used to make pens and other stationery items
  • Implement a system that enables speedily manufacturing a wide range of stationery products and that supports frequent changes in product designs
  • Manage complex sales transactions with stationery distributors, and other transactions between entities within the company, such as ordering diverse products and handling multibatch deliveries
  • Monitor production processes closely to reduce manufacturing costs

Solutions

Oracle Product and Services

  • Engaged Oracle Partner Shanghai Elitesland Software System Co., Ltd to build a unified information management system based on Oracle’s JD Edwards EnterpriseOne suite, incorporating workflows for two factories, one marketing center, and 30 wholesale branches
  • Automated key production processes by taking advantage of JD Edwards EnterpriseOne Manufacturing features, such as bill of materials management, raw materials allocation, and job completion recording
  • Reduced by 20% the capital required to purchase inventory by streamlining inventory, procurement, and sales management, and making business data more visible and easier to share between different departments
  • Developed online wholesale distribution channels in 29 branches early on in the project to help improve branch efficiency and make data more accurate as soon as possible
  • Improved funds management and record keeping by making the details of purchase orders and payments easy to trace, also enabling the company to offer flexible credit and settlement terms to stationery distributors
  • Integrated sales, production, and financial systems to automate book keeping for contracts executed between the company, its suppliers, and distributors
  • Cut month-end settlement time from seven days to three days more accurate book keeping and efficient accounting
  • Improved production cost accounting accuracy by 30% regarding the company’s inventory, as the JD Edwards EnterpriseOne system enables more precisely apportioned standard and actual production costs

Partner

Consultants from Oracle Partner Shanghai Elitesland Software System Co., Ltd planned ahead to ensure the implementation was as efficient as possible. They developed online wholesale distribution channels in 29 branches early in the project, before the system was fully integrated.