Stavian Group accelerates digitalisation

Tuesday, Jan 10, 2023 10:59

Stavian Group and FPT Group signed a comprehensive cooperation agreement regarding applying digital solutions to business operations. — Photo courtesy of the firm

After one year of implementation, Stavian Group officially announced on Monday that its SAP ERP project went live, marking an important movement of the group in the Industry 4.0 era.

Operating in the supply chain and manufacturing sector of the petrochemical industry, Stavian Group is also rapidly expanding its business worldwide, focusing on a variety of industries, including petrochemicals, chemicals, pulp and paper, high-tech new materials, recycling, circular economy, industrial parks, logistics, and Industry 4.0 venture capital.

To operate this business ecosystem in an always-changing and multifaceted global trade situation, Stavian Group needs to tackle the challenges of a decentralised information system, resulting in limited resources and inconsistent employee data availability. Therefore, digital transformation has become one of the group’s key focus, with lots of potential for further development.

The group implemented the business management system SAP S/4HANA, one of the most advanced enterprise resource planning software in business management. This is the digitalisation solution that FPT Group has accompanied Stavian to deploy, covering the enterprise’s four main pillars in the 4.0 era, namely information system, ecosystem, customer experience, and Internet of Things (IoT). This will be the key for Stavian Group to streamline the operating system, enhance corporate governance, increase competitiveness, and expand international businesses.

At the ceremony, Stavian Group and FPT Group signed a comprehensive cooperation agreement regarding applying digital solutions to business operations to improve efficiency and the group’s competitiveness in the international market.

Accordingly, FPT will accompany Stavian to develop and apply technology in various business aspects, including agents and distributors management, distribution, business process automation, and other digital transformation solutions such as domestic and international transmission services, Internet connection, and advanced 4.0 technology solutions (AI, Chatbot, RPA, Data Analytics, Blockchain).

Dinh Duc Thang, Chairman cum CEO of Stavian Group, said: “The SAP ERP solution is the foundation for Stavian Group in our next phase. With the vision of becoming a multinational industrial corporation, digital transformation is a sustainable movement that not only brings profits to businesses but also increases the competitiveness of the Vietnamese economy in the international market. FPT will help Stavian accelerate digital transformation, thereby standardising the entire business protocol, centralising data, and connecting business subunits to the best corporate governance model. This cooperation with FPT is one of the important steps in our journey to become a leading digitalised industrial corporation in Viet Nam and the region.”

Nguyen Van Khoa, General Director of FPT Corporation, said: “With SAP ERP and the digital transformation solutions from FPT, Stavian can optimise operations, reduce costs and save resources, thereby accelerating growth. We hope to continue to accompany Stavian and Vietnamese manufacturing enterprises, providing the right and winning digitisation solutions for businesses.” — VNS

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