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MMK implements ‘Industry 4.0’ in strategic partnership with Oracle

Steel News - Published on Thu, 12 Jul 2018

Image Source: steelguru.com
Magnitogorsk Iron and Steel Works (MMK) is expanding its innovative cooperation with Oracle, having chosen the corporation as its strategic partner for the next five years in the implementation of the concept ‘Industry 4.0’. The optimisation and unification of MMK’s business processes on the basis of a unified Corporate Information System (CIS) will facilitate the increase in the business efficiency of a leading Russian metal producer. The large-scale cooperation programme also includes the possibility of industrial use of the cloud services Oracle Cloud.

In the course of the project’s implementation, MMK will update its corporate information system to the latest version of Oracle E-Business Suite R12 and expand the ERP system to other companies of the Group, which will almost double the coverage of employees working in a single information field.

The large-scale modernisation programme will enable the completion of the ‘Industry 4.0’ tasks via the integration of all the company’s information flows. This unified information system includes the management of production (continuous and discrete), inventories, repairs, purchases (including an electronic trading platform), finances, personnel (including payroll), projects, orders and sales.

Strategic cooperation with Oracle will ensure the further innovative development of MMK, including the introduction of new tools and technological discoveries. The company is considering the possibility of industrial use of Oracle’s SaaS-services for management of the company’s performance (EPM Cloud), personnel (HSM Cloud), as well as e-commerce and sales management (CX Cloud).

Andrey Eremin, Director for Economics at MMK and the project manager, said: “The new environment demands new approaches to the development of information systems. The concept ‘Industry 4.0’ relies on end-to-end information flows as sources for the modelling of the enterprise’s processes and for forecasting the results of its activity. The modernisation of MMK’s corporate information system will enable the optimisation of business processes and guarantee the possibility of further development of the CIS, taking into account the new functional possibilities of the Oracle E-Business Suite.

The launch of the pilot operation of the corporate information system, upgraded to the Oracle E-Business Suite R12 version, is planned for April 2019, and the start of the industrial operation is scheduled for the Metallurgy Day in July 2019.

Source :

Posted By : Nanda Koijam on Thu, 12 Jul 2018
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