Herndon, VA December 10, 2002 Tokyo Electron America (TEA) has expanded its use of solutions from software company Baan, announcing the recent installation of iBaan E- Procurement and iBaan E-Sales.
Austin-based TEA was established in October 1994 to be the U.S. sales and service operation for Tokyo Electron, a manufacturer of semiconductor equipment.
TEA has used the iBaan E-Procurement solution to eliminate all paper requisitions at the company, and the application also has enabled the company to more easily comply with the corporate policy of signature authority.
The TEA approval policy requires functional managers to approve requisitions in specific commodity areas such as hardware and software, consulting and legal services.
Baan said that iBaan E-Procurement allows for set approval rules to be linked to the commodity code so that the requisition, manager or buyer does not have to remember the unique approval flow for a particular commodity. This has allowed TEA to fully comply with internal corporate standards of approval authorization.
In addition, the solution provider said that with iBaan E- Procurement, a requisitioner can see the status of a requisition through its entire lifecycle. Any approval delay can be identified and resolved to speed cycle times and improve productivity.
Baan had previously announced that TEA would undertake the first U.S. implementation of the provider's iBaan Decision Manager solution. That application is intended to help a company take advantage of the hidden intelligence and trends locked in its transactional databases and to provide support for enterprisewide tactical decision-making.