Dal'nevost. morskoe parokhodstvo OAO : FESCO Transportation Group (MICEX-RTS: FESH) has signed general contract for the implementation of the SAP-based Group-wide ERP system in its Initial Release.
07/08/2012| 09:14pm US/Eastern
09 / 07 / 12
FESCO Transportation Group (MICEX-RTS: FESH) has signed
general contract for the implementation of the SAP-based
Group-wide ERP system in its Initial Release.
The agreement signed with "Technoserv Consulting"
company marks the renewal of FESCO's strategic initiative to
implement an integrated automated management system (IAMS)
within the group.
IAMS implementation is an important element of FESCO
development strategy targeted at the provision of the
integrated "door-to-door" container transportation solutions.
The implementation of this strategy requires streamlined
business processes aimed to increase economic efficiency
through synergetic effect and increased business
The major goal of IAMS implementation is to maximize the
return on own capital of FESCO Group companies through better
turnover of transportation assets, reduction of operating and
admin costs and higher revenues as a consequence of both
business processes optimization and increasing efficiency of
interactions with clients and counterparts. Based on
preliminary estimates, net cash flow gains from the
above-mentioned improvements in a three-year period may reach
at least USD 20 mln.
The Initial Release of IAMS within Liner and Logistics Division
of FESCO Group is expected to be completed by the end of 2015.
The first stage of the program, so-called Pilot Project, will
see its production run in Autumn 2013.