IBM deploys cloud-based network targeting auto firms in India

Tags: IBM, IT
Tech giant IBM today announced it has deployed a business-to-business (B2B) cloud-based network targeting the Indian automotive industry.

The firm claims its offering will accelerate the movement of data and reducing transaction costs by up to 80 per cent.

The new exchange, AutoDX, was developed in partnership with industry bodies Society of Indian Automobile Manufacturers (SIAM) and Automotive Components Manufacturers Association (ACMA), IBM said in a statement.

Indian auto manufacturers and parts suppliers have relied on manual processes to exchange transactional data, including thousands of invoices, purchase orders and shipping notices created each day. This approach was prone to human error, extensive transaction delays and increased processing costs.

"The new exchange, which is built on IBM's Sterling B2B Collaboration Network technology, will eliminate these inefficiencies by standardising, automating and accelerating the exchange of transactional data through the cloud," it said.

This will enable members to drive faster, more accurate processing at reduced operational cost, helping ensure the right products are delivered to the right customers at the right time, the US-based firm said.

"Representing over 750 of India's top auto manufacturers and parts suppliers, ACMA and SIAM expect the majority of its members to adopt the platform by the end of the year, making IBM the prevailing provider for Electronic Data Interchange in India for the auto industry," it added.

Leading auto OEMs and suppliers have already integrated AutoDX into their processes, including Tata Motors, Hero MotoCorp, SSS Springs and Sundram Fasteners.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Those willfully defaulting on loans should be blacklisted by Sebi

    As reported by this newspaper’s Monday edition, the Securities and Exchange Board of India (Sebi) has found merit in the Reserve Bank of India’s s

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Kickstarting technological innovation

One of the key dimensions of global competitiveness is the ...

Kuruvilla Pandikattu SJ

Developing moral, spiritual capacity

Writing in The Huffington Post, Noam Chomsky, professor emeritus, MIT ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture