SAP S/4HANA is a business suite that is built on SAP's proprietary operational database system and in-memory computing platform called SAP HANA. This will help the system extract data in real time.
The solution is expected to help the Hoa Phat Dung Quat Steel Integrated Complex to plan and manage all trading operations.
The Hoa Phat Dung Quat Steel Integrated Complex is an important strategic project of the Hoa Phat Group Joint Stock Company with the total investment capital of VND52 billion ($2.282 million) and a capacity of 4 million tons per year.
The project will be installed in 10 months, including sections of purchasing management, inventory and barcode management, trading management, manufacturing management, quality management, maintenance management, accounting management, digital scale and manufacturing equipment integration.
When finished, this project is anticipated to help Hoa Phat has an administrative system in accordance with international standards with real-time trading data, and available data on trading performance index, which aid the management board in making quick decisions to increase the competitiveness advantage of the company and to direct the market.
According to Mr. Mai Van Ha, Director of Hoa Phat Dung Quat Steel Integrated Complex, Hoa Phat began investigating ERP six years ago and has been working with many partners who deliver ERP solutions since 2017.
The choice of SAP S/4HANA and the implementation in Hoa Phat Dung Quat at this moment is one logical decision since this is an essential project of the Group as well as the largest in the area.
After the successful implementation here, it will be applied in other member companies of the Group, said Mr. Ha.
Mr. Nguyen Cong Tan, General Director of CITEK, also stated that it was a great honor for his company to be chosen as a partner with Hoa Phat Group in implementing the solution of SAP S/4HANA in Hoa Phat Dung Quat Steel Integrated Complex.
This is an encouragement for CITEK to maintain its leading position in implementing SAP solutions in the steel industry in Vietnam.