As one of the key issues in the medium term management plan, TEL is working to increase profits by improving the efficiency of its operations. To achieve this aim, each business unit and overseas subsidiary is re-engineering its business processes. They are working to acquire the necessary data and information for management decisions and business operations more quickly and accurately by optimizing business processes, creating standards where necessary, and optimizing those processes across the whole company.
We have gathered experts from across our production, sales, logistics, services, accounting, and business management divisions around the world. Together, we are currently conducting a multifaceted review of our business processes, including vertical processes within each division, horizontal processes across different divisions and functions, and customer-related processes such as ordering, production, shipping, and acceptance. We plan to incorporate the results of this review into new core IT systems, and we will start a phased rollout with a view to full utilization by 2019. By creating a business platform from new core systems that take into account the entire value chain, including other divisions and customers, and at the same time eliminating waste, we aim to become a company that can drive efficient businesses based on highly-accurate business predictions, while making strategic use of our human resources, material, capital, and information.