LG Display Reduces Manufacturing Downtime by 50% With Oracle E-Business Suite R12
With competition increasing in the TFT-LCD market, LG Display had to increase efficiency, improve quality control, and enhance risk management if it wanted to meet customer demands for quality, cost, and prompt delivery. This required a comprehensive review and restructure of the company's business processes and systems. In January 2009, LG Display went live on Oracle E-Business Suite Release 12 after an 18-month project to standardize its global operations on the platform. The Oracle system has increased productivity by 30%, reduced manufacturing downtime by 50%, and is expected to lower costs by 30% to 50%.