Loreal signed with KEYfields at the end of 2003, and their go live with iCPS represents the first phase of their wider iCPS implementation in their procurement divisions across Loreal Asean. The total project – covering messaging among Loreal Asean and its factories, procurement consolidations, Procurement planning and workbench, order confirmation and invoice from factory – is expected to be fully implemented over a one year period.

Loreal’s new central procurement system is expected to streamline its procurement operations, provide a one-stop central procurement hub and optimizing the procurement process from subsidiaries to factories.

Loreal expect to realise benefits in terms of improved stock management and reduce the time needed to prepare the procurements.

The on-time, on-budget implementation of iCPS is a positive indicator for the rest of the project. The use of insights gained from the thorough scoping work done in the lead up to the project, as well as the commitment and experience of the project team from both sides have contributed to this success.

We are pleased that we are in step with Loreal’s progressive timetable. It is a testament to the quality and commitment of the joint team implementing the solution.