Introduction
Oriental Hope Group was founded in 1982. At present, it has developed into a super-large private enterprise group integrating agriculture and heavy chemical industry chains. Oriental Hope is headquartered in Pudong, Shanghai. Through continuous expansion, the Group has become one of the top 500 Chinese enterprises. The Group’s subsidiaries are located in most provinces, municipalities, autonomous regions in China and cities in Southeast Asia. In Vietnam, large-scale electrolytic aluminum, methanol, dimethyl ether, alumina, thermoelectric, PTA, acetic acid, cement and other heavy chemical factories have been built.
background
Oriental Hope Group faces the following challenges in factory operations:
- The information of the internal department is not smooth, and there are often mistakes, omissions, delays and other situations in the process of information transmission.
- It is necessary to keep track of sales order volume, shipment volume, outstanding quantity and customer demand dates in a timely manner.
- The customer has many orders, frequent changes, short delivery time, and many production workshops, making it impossible to control the progress.
- The product customization characteristics are high, so the purchase order placement, arrival time, and accuracy are highly demanding.
- There are many types of raw materials, and there are often mixed collars and miscollars.
- Inventory data cannot be shared with other departments in real time, and I always receive calls to check inventory for people all day long.
- It is necessary for all departments to be interlocked in system operations, and the final documents are reviewed and recorded by financial personnel to facilitate internal control.
Solution
Financial Accounting
Financial control is a challenge for Chinese companies expanding overseas. How can they navigate local financial regulations and reporting requirements? How can they manage accounting in multiple languages and currencies? The Yonyou financial accounting module provides multi-currency accounting capabilities, supporting conversions between currencies. All system functions support multi-currency presentation and settlement, and supports the consolidation of financial statements for multinational accounting entities. Drawing on years of localization experience, the module supports East Hope Group in adapting to local financial regulations and reporting requirements in Vietnam, empowering the group’s headquarters with information-based management and data-driven decision-making.
supply chain
• Easy and convenient orders and BOMs
Through business customization, set up a fixed EXCEL template, and the salesperson sorts out customer orders according to the template, and directly and quickly imports them into the Yonyou system, reducing entry work and avoiding errors.
• Full tracking of customer orders
After using the LRP calculation in the system, a purchase and production plan based on the sales order is formed and issued to the relevant departments. The whole process tracks the arrival of procurement, production progress, sales and delivery, etc., and the information is grasped in a timely manner, and the changes in customer needs can also be quickly responded.
• Fully integrated business, documents are interlocked
The Yonyou system runs through the group’s customer orders, material demand planning, material procurement, production management, inventory management, financial management, cost management and other fields, all businesses are transferred to the system, the documents are interlocked, and all departments can query the desired data through a unified query, realizing paperless office, fundamentally integrating the people, finances, materials, supply, production, sales, and storage of Oriental Hope Group, and realizing the comprehensive informatization of the enterprise.
Smart factory
Vietnam’s labor market is characterized by low skilled labor, high employment costs, and a limited workforce with multiple skills and formal work experience. In order to ensure the normal production and operation of enterprises in the future, it is necessary to build a “smart factory” through the information system to achieve efficient and refined management, standardize process operations, and reduce the number of personnel. At the same time, as a multinational enterprise, Oriental Hope Group can carry out more efficient control of production, operation and management through intelligent construction. Smart factories will integrate operation management and production, strengthen production process control, achieve refined management, improve production efficiency and reduce production costs, and further establish intelligent monitoring and analysis to assist decision-making.