MMK METIZ Launches Oracle e-Business Suite

13 September 2019 (09:10)

UrBC, Magnitogorsk, September 13, 2019. Magnitogorsk Iron & Steel Works (MMK) member enterprise MMK METIZ is launching Oracle e-Business Suite as its new corporate information system. The goal is to enhance the company’s operation efficiency and make partner interaction easier.

According to MMK’s Information & PR Department, the launch of the new software solution is part of a larger project to upgrade MMK Group’s member enterprises’ corporate information systems. In fact, Oracle e-Business Suite v.12-based solution has already been introduced at Magnitogorsk Iron & Steel Works a bit earlier.

‘The company’s information system both stores and displays the plant’s financial and business operation performance data and makes it possible to control the entire process chain, track the condition of all the primary production lines, and check for idle times and equipment repairs,’ the department says.

The system’s new version covers nearly every aspect of the plant’s activity from planning and budgeting to production and sales to purchasing to maintenance and repairs to accounting and finance to investment projects to HR to contracting to corporate governance.

The company’s management believes the new information system will very soon make it possible to react to the order book fluctuations in a timely manner, which will result in smooth production process and therefore improved cooperation with the company’s partners.

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