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LG Electronics is aiming to become one of the world's top three electronics and information communications companies. To support Vision 2010, LG Electronics needed to better manage its global operations. Its in-house Enterprise Resource Planning (ERP) system was configured differently at each subsidiary and different offices were using different versions of the system. Consolidating information was a time-consuming process, leading to delays in reporting that hindered decision making. In 2005, LG Electronics embarked on a five-year project to implement a single global instance of Oracle E-Business Suite. When the Oracle ERP system is fully deployed in 2010, the company expects to cut reporting and analysis times, improve productivity, decrease maintenance costs, and achieve complete visibility into global inventory and sales and marketing costs.
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