Korea East-West Power Corp. is upgrading its computer system by introducing a Korean-made enterprise resource planning (ERP) solution, the company announced on April 10.
Korea East-West Power is the first company in the Korean electric power industry to use a Korean-nade ERP solution.
The company said that the company had considered implementing a domestic ERP solution for its electric power business since the second half of 2018 as its current ERP system, which was introduced in 2009, has become outdated. The company plans to replace ERP component software with excellent Korean products.
An ERP system manages the entire business process of a company, including production, finance, accounting, purchasing, and inventory, allowing all employees to share information and make quick decisions.
"The new Korean ERP system will be able to boost work efficiency and user satisfaction and save us 700 million won in operating costs annually," a Korea East-West Power official said. “Externally, our use of the Korean ERP system will contribute to the growth of the Korean software industry by paving the way for Korean ERP solution developers to find ways to sell their products to the public sector in Korea.