On May 7th, 2020, Loc Troi Group (LTG) has officially signed a contract with Citek Technology Joint Stock Company (CITEK) to implement the overall enterprise resources management system SAP S/4HANA ERP with a total investment value of USD 4 million (VND 93 billion).
The system will have been implemented by Citek for 10 months and put officially operated Phase 1 with the scope: supply chain plan (IBP for S&OP), purchasing, sales, warehouse management, QR Code, production management, quality management, financial accounting, and management accounting from January 1st, 2021 at LTG and the Agricultural Materials Industry proceeding to the implementation of phase 2 with the scope: maintenance management, planning and overall budget management (SAC), budget implementation control (FM), limit management and loan contracts, project management and consolidated financial statements throughout LTG and associated companies.
Mr. Huynh Van Thon, General Director of Loc Troi Group said that “The ERP project is implemented during the Covid-19 pandemic, which has many effects on the economy, greatly impacting the lives of farmers, creating great inequality in the distribution benefits between farmers and the whole society. LTG has sworn the mission that “improving the life and position of farmers” by organizing sustainable production and supply chains, applying science and technology to maximize production efficiency thereby improving the lives of employees, bringing long-term benefits for investors in a reasonable way as well as distributing reasonable profits to farmers. Therefore, LTG has chosen an advanced management solution of SAP (Germany) and Citek partners to accompany us to build a solid management foundation and help LTG to improve its competitiveness according to international governance standards, increasing LTG’s position in the agricultural service market in Vietnam and the Southeast region. I trust that Citek with a professional team and capacity who have successfully consulted and implemented for many large enterprises that will accompany our team and do successfully this project”.
Mr. Huynh Van Thon – Chairman cum CEO of Loc Troi Group made a speech announcing the official launch of the ERP project
Ms. Josephin Galla, General Director of SAP Vietnam said that: “The cooperation between LTG and SAP will bring many benefits to the people of Vietnam, in the context that both LTG and SAP consider the customer success and satisfaction as a top priority. We believe with the support of SAP S/4HANA – the world’s leading ERP solution – LTG will successfully optimize the supply chain “from farm to table”.
Mr. Nguyen Cong Tẩn, General Director of Citek shared: “We not only advise digital transformation for LTG and connect processes on the same system, but also advise for LTG to standardize the model and comprehensive transformation to optimize operation and simplicity in management. We are committed to consulting, training, and helping the LTG team to improve their capacity in applying technology in corporate governance management and becoming a knowledge agriculture and sustainable development enterprise. This is a digital transformation project with the mission of “enhancing the position and life of farmers” so there will give us greater motivation to successfully implement this project and provide a comprehensive digital transformation solution for Vietnam’s Agriculture Industry”.
The board of directors of Loc Troi Group, Citek, and SAP participated in the ceremony
With Citek‘s consulting capacity and experience, we have been selected by large corporations and enterprises as a companion partner in standardized consulting, converting and applying SAP management systems to operations such as Hoa Phat Group, Minh Phu Seafood Group, Eurowindow Group, Cadivi Power Cable, Hoa Binh Minh Group, VAS Group, Ton Nam Kim Group, Aluminum Glass Quan Dat, Nanogen Pharmaceutical, BIO Pharmaceutical, APA Pharmaceuticals, Pharbaco Pharmaceuticals, Hai Nam Seafood Group, Hoang Long Group, Rang Dong Plastics, Gia Hoa Group, Mainetti Retail Fashion, Nippon Paint Vietnam,…
According to Cafef
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