Deep insights and rich exchange by industry experts; current environment to pave the way for growth of contactless business
BEIJING,CHINA - Media OutReach - 8 July 2020 - Infor, a global leader inbusiness cloud software specialized by industry, today announced that it took partin the pilot episodes of IDC Talk in China, an all-newpodcast of the International Data Corporation (IDC), bringing together theexchange of deep industry insights and the sharing of successful enterpriseapplication of ICT technology. A recurring theme is leveraging innovativetechnologies and exploring unique business models in a post-pandemicenvironment.
During the first three episodesof IDC's new podcast, which went online on June 22, Infor executives - managingdirector of Greater China and Korea region, Boon Khoo; vice president of salesfor Greater China and Korea, Becky Xie and director of business consulting forGreater China and Korea, Chong Lu shared tips and insights on the state of digitaltransformation of Chinese enterprises.
The coronavirus pandemic hasstimulated demand for digital transformation among small- and medium-sizedenterprises. This is coupled with a strong desire to turn crisis intoopportunity by leveraging innovation and technology to find new ways to empowera safer, stronger and more integrated business.
Wu Lianfeng, vice presidentand chief research analyst of IDC China explained, "This pandemic has causedpeople's work, lives, and consumption habits to go digital, driving the growthof contactless business. This is on track to becoming a long-term andfar-reaching trend. IT technology is invaluable in response to the pandemic.What technology transforms is not the power of the present, but the future."
Over the past two decades, Inforhas provided digital transformation solutions to manufacturing enterprises spanningthe logistics, distribution, automotive, healthcare, food and beverage, hi-techand electronics fields. In this, Infor has implemented plans of action aimed atkey application scenarios in specific industries.
During the podcast, Inforexecutives noted that Chinese equipment manufacturing company, EquipmentCompany of Dongfeng Motor implemented Infor LN, Infor ERP and CloudSuite EAM systems to standardize its business, processesand data management. The company was also able to establish a real-timeproduction system, business and financial integration, full-spectrum qualitycontrol, and comprehensive traceability. During the pandemic, they were able toquickly transition to producing protective masks.
"We feel fortunate to have Infor as ourpartner in digital transformation," said Fang Mingqiang, chief engineer of information systemsplanning at Equipment Company ofDongfeng Motor Co., Ltd. "We sought to streamline our workflows and get rid ofany obstacles that had arisen to enable us to better keep up with the latestindustry trends. With Infor ERP and EAM, now we can manage end-to-end business processes,standardize all data, as well as ensure real-time visibility of production,finance, and quality control. As a result, Dongfeng Motors has greatlyincreased our performance while lowering costs, and customer satisfaction is up11.45%.Now we are able to provide clients with digitalized products and expand ourscope of operations."
By working together with Infor, another pharmaceuticalcompany was able to integrate its global supply chain and service departments.It also moved its logistics and customs businesses to a single platform anddeployed a centralized supply chain control hub aligning its manufacturingnetwork across its technological platforms. In this way it is now able toflexibly respond to black swan events such as this pandemic, and increase itsmarket share while boosting sales growth through daily operations.
In 2020, China is making anational effort to develop what has been dubbed "new infrastructure", whichincludes new and emerging technologies such as 5G, the industrial internet andcloud computing. At the same time, data is becoming a key factor of productionand is being marketized. Given these trends, companies will be focusing more onthe aggregation of their own data resources and strengthening the establishmentof data management capabilities, which will spur business innovation.
Infor managing director ofGreater China and Korea region, Boon Khoo, said, "As enterprises work to catchup to the fast-paced development of new infrastructure, they not only need tobuild a multi-level supply chain network, but also to better integrate andutilize human resources, data and machines, while fortifying their hardwarewith the proper software to achieve better flexibility and resilience."
Infor Asia Pacific
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Infor is a global leader inbusiness cloud software specialized by industry. With 17,300 employees and over68,000 customers in more than 170 countries, Infor software is designed forprogress. To learn more, please visit www.infor.com.
Infor customers include:
- The top 20 aerospace companies
- 9 of the top 10 high tech companies
- 14 of the 25 largest U.S. healthcare delivery networks
- 19 of the 20 largest U.S. cities
- 18 of the top 20 automotive suppliers
- 14 of the top 20 industrial distributors
- 13 of the top 20 global retailers
- 4 of the top 5 brewers
- 17 of the top 20 global banks
- 9 of the 10 largest global hotel brands
- 7 of the top 10 global luxury brands