Press release from Business Wire India
Source: WIPRO
Thursday, July 01, 2010 06:04 PM IST (12:34 PM GMT)
Editors: General: Food & drink; Business: Advertising, PR & marketing, Agriculture, Business services, Information technology; Technology
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Wipro's Demand Management and Vendor Collaboration Solutions for the Consumer Packaged Goods Industry Now SAP-Endorsed Business Solutions
iSDPS and iTPO Solutions Integrate with SAP® Applications to Optimize Inventory and Procurement Processes in Fresh Foods and Soft Goods Business Segments
Bangalore, Karnataka, India, Thursday, July 01, 2010 -- (Business Wire India) -- Wipro Technologies, the global IT services business of Wipro Limited(NYSE:WIT), today announced that two of its solutions, Sub-Daily Planning and Scheduling (iSDPS) and Third Party Ordering (iTPO), are now SAP-endorsed business solutions.
Solutions endorsed by SAP AG are complementary to SAP® software offerings, are developed in accordance with the SAP development guidelines providing additional choices and flexibility for businesses running SAP applications. To become SAP-endorsed business solutions, Wipro's iSDPS and iTPO successfully passed a testing process conducted by SAP. As part of the agreement between Wipro and SAP, both companies will share technology and product roadmaps.
Due to the perishable nature of fresh food products, consumer products companies are faced with the issue of short-lead times that require daily responses to adjust to fluctuating customer demand. The iSDPS solution helps in sub-daily production scheduling, allowing consumer products companies to effectively process last-minute customer orders, prioritize orders, manage raw materials and enhance operating efficiency. The solution facilitates reduction in inventory of raw materials by 10 to 15 percent. The solution also helps reduce production planning cycle times by more than 60 percent, optimizing production resources and labor utilization.
"We believe SAP's endorsement of our iSPDS and iTPO solutions highlights our commitment to driving business value for our customers in the consumer packaged goods industry," said Bhanu Murthy B M, senior vice president, Retail, CPG, Transportation, & Government, Wipro Technologies. "Wipro has been at the forefront of innovation and has made significant investments in non-linear initiatives, contributing eight percent to our revenues, which includes development of domain-rich solutions as part of a Strategic Horizons program. We believe that the ability of these solutions to leverage the business potential of assets provided by solutions from SAP will prove highly beneficial to current and future customer engagements."
The iTPO solution brings responsiveness and flexibility to the supply chain by allowing soft goods companies to make changes on purchase orders placed with their vendors. This solution allows these companies to better handle customer cancellations, avoiding inventory pile up, lost sales and additional transportation costs.
"By endorsing solutions such as iSDPS and iTPO, SAP continues to build its ecosystem, support our customers' businesses, drive new levels of collaboration, and provide additional solution options and flexibility to our customers," said Emiel van Schaik, senior vice president, Manufacturing & Consumer Industries sector, SAP AG. "The use of iSDPS and iTPO with SAP solutions will enable our customers to improve efficiencies and employee productivity, thus accelerating delivery of innovative products to market while lowering total cost of ownership."
About Wipro
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application management, and datacenter managed services to corporations globally.
In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services.
Wipro also has a profitable presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
For more information, please visit our website at www.wipro.com
SAP, SAP NetWeaver and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.
All other product and service names mentioned herein are the trademarks of their respective owners.
SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
Media Contacts:
Wipro Technologies
India:
Radhika Mahadevan
Wipro Technologies
+91- 9945042603
radhika.mahadevan@wipro.com
Mangala Koti Singhal
Gutenberg Communications
+91 9686446789
mangala@gutenbergpr.com
US:
Eric Belove
Wipro Technologies
+ 1 (732).216.6242
eric.belove@wipro.com
Lavanya DJ
Gutenberg Communications
+ 212).239.8740
lavanya@gutenbergpr.com
UK:
Rahul Kadavakolu
Wipro Technologies
+44 792 020 5496
rahul.kadavakolu@wipro.com
Shalini Siromani
Gutenberg Communications
+44.79.6066.3200
shalini@gutenbergpr.com
KEYWORDS
FOOD, MARKETING, AGRICULTURE, BUSINESS SERVICES, IT, TECHNOLOGY, WIPRO.BO, WIPRO.NS
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