TCS to Launch Research & Innovation Hub to Digitally Transform CPG Companies
MUMBAI : Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) on Thursday announced that it is launching an advanced research and innovation hub in Hyderabad, for incubating digital solutions for Consumer Packaged and Goods (CPG) companies, using SAP® solutions. The TCS CPG Innovation Hub will address industry-specific use cases around Industry 4.0 and the digital supply chain, catering to the needs of clients looking to speed up and scale up their innovation initiatives.
It will provide a structured framework for clientsto ideate better, work on creative solutions faster, and achieve their purpose-driven goals. TCS will leverage a consumer-centric industry template on SAP S/4HANA® integrated with SAP Digital Supply Chain, SAP Customer Experience and SAP Trade Management solutions to help CPG companies make the most of their SAP investments and achieve superior business outcomes. In addition, customers can experience a series of CPG platform solutions, built on the SAP Business Technology Platform, which personalizes experiences and helps innovate faster with business context. These solutions include TCS RevenuePrimeTM for net revenue management, TCS ChannelPrime for collaborating with partners on a common platform, and TCS EnvirozoneTM, a digital solution suite that helps organizations track and mitigate supplier-sourcing risks to aid procurement decisions for a sustainable supply chain. This suite includes the TCS Integrated Distributor Management and Collaboration Platform (iDMCP), integrated Vendor Management System (iVMS), and Enterprise Visibility for distributor management, supplier collaboration and 360-degree visibility across the enterprise.
“We are proud to launch this next-gen innovation hub in collaboration with SAP. The hub leverages our deep domain and contextual knowledge of our customer’s business, innovation mind-set, and SAP S/4HANA as the core, to support our customers’ multi-horizon transformation journeys. Our digital capabilities combined with our accelerators, proprietary tools, and templates will empower our customers to innovate at speed and scale and stay ahead of the digital curve,” said Sudhakar Gudala, Global Head, CPG, TCS.