Sterlite Technologies Limited (“Sterlite”) [BSE (Bombay Stock Exchange): 532374, NSE (National Stock Exchange of India, Mumbai): STRTECH], a leading global provider of wire and cable solutions for the power and telecom industry, today announced that it has received the CIO 100 Award 2008 for its innovative use of Information Technology in manufacturing.
The nominations were adjudged by an eminent jury of professionals and were evaluated on the criteria of innovation to deliver business value, creation of competitive advantage, optimization of business processes, enabling growth and improving relationships with customers.
Sterlite’s has implemented a unique end-to-end traceability platform that is integrated with its ERP platform for the entire manufacturing value chain at its Power Conductors facilities. The system was initiated on the basic premise that automation has intrinsic benefits of data integrity and data reliability. Since the trace data is automatically entered into the ERP servers from the barcodes scanned, Sterlite has also been able to free a significant amount of its valued manpower resource to perform value-adding activities, rather than mere manual data entry. The implemented system ensures end-to-end traceability of the raw material and intermediate products that has been used for producing any particular finished product, simplifying inventory management and enhancing customer support.
Says Mr. Pravin Agarwal – Director, Sterlite Technologies Limited, “In our quest for business excellence, we try to build transparency within our systems and therein enhance value to our stakeholders. Implementation of a high level of automation in our business processes, though the use of information technology, has been a company-wide key focus area. We are honored to receive the CIO100 award and we thank IDG for recognizing our efforts.”
About Sterlite Technologies Limited
Sterlite Technologies Limited (formerly, Sterlite Optical Technologies Ltd) is India’s leading global provider of power transmission conductors, optical fibers, telecommunication cables and telecom integration & managed services. It is India's only fully integrated optical fiber producer and among the Top 5 global manufacturers of power conductors. Sterlite Technologies Ltd. (sterlitetechnologies.com) is listed on the National Stock Exchange and Stock Exchanges at Mumbai and Kolkata. Sterlite Technologies has shown a consistent robust financial growth with CAGR of 75% in Net Revenues and CAGR of 115% in Net Profits for the period 2004-2008. The company has a world-class optical fiber manufacturing plant in Aurangabad, India, and telecom cable and power transmission conductor facilities in Silvassa and Haridwar, India.
About CIO 100 Awards
CIO magazine (cio100.in), published by IDG, has a long and proud tradition of honoring leading companies for business and technology leadership and innovations through its premiere award program – CIO 100. The CIO 100 award is an acknowledged mark of enterprise excellence. This year's award theme, "The Bold 100", recognizes organizations that are using information technology in innovative ways to deliver business value, whether by creating competitive advantage, optimizing business processes, enabling growth or improving relationships with customers. Hosted in countries such as Canada, Sweden, Australia, Singapore, Vietnam, Hungary and India, the CIO 100 Awards is a truly global recognition and it is an acknowledged mark of excellence in enterprise IT.