Page 44 - Tata Chemical Annual Report_2022-2023
P. 44

Integrated Annual Report 2022-23                01-83                   84-192                  193-365
                                                                                                                                     Integrated Report       Statutory Reports       Financial Statements
                                                                                                                                     Business Strategy


           Strategic Objective 4                                                                                                   Strategic Objective 5

           Drive Operational Excellence in                                                                                         Achieve Functional Excellence through Innovation, Digitalisation and People
           Manufacturing and Supply Chain
           Management
                                                                                                                                          Innovation                        Digitalisation                   People
           Key efficiency levers
             Ÿ  Productivity
                                                                                                                                   Key levers                        Key levers                        Key levers
             Ÿ Cost competitiveness
                                                                                                                                      Ÿ Science differentiated products    Ÿ Modernisation of ERP        Ÿ Talent & Leadership development
             Ÿ Energy efficient operations
                                                                                                                                      Ÿ R&D projects rooted in Green     Ÿ IIoT , Analytics and Dashboards –      Ÿ Skills & Capability for future-ready
             Ÿ Customer service                                                                                                      Chemistry                         Data maturity                     workforce

           Status and action plan                                                                                                     Ÿ Develop culture of innovation    Ÿ Digital infrastructure and security     Ÿ Inclusive and engaging work
                                                                                                                                                                                                         environment
             Ÿ  Fixed cost optimisation plan at all                                                                                   Ÿ R&D collaboration with external     Ÿ Operational efficiencies
             manufacturing facilities                                                                                                entities (national and international)                               Ÿ Digital Work Processes
             Ÿ Maximise capacity utilisation                                                                                                                         Status and action plans           Status and action plans
                                                                                                                                   Status and action plans
             Ÿ Efficient cash flow management                                                                                                                           Ÿ  BPR led modernisation of SAP ECC 6 to     Ÿ Focussed functional / technical
                                                                                                                                      Ÿ Green silica, environment-friendly   S4HANA                      trainings to address skill gaps and
             Ÿ Energy hedging across regions                                                                                         process for silanes, water-based ZnO,                               future competencies needed
             Ÿ Develop robust partner network                                                                                        co-created innovative applications of     Ÿ Predictive analytics solution to improve
                                                                                                                                     FOS, improved aeroponics process,   equipment uptime and scaling up IIoT     Ÿ Managerial / leadership development
             Ÿ Optimising inbound and outbound                                                                                       surfactants from sustainable sources,   across manufacturing        through curated programmes
             logistics network
                                                                                                                                     Daksh Plus – a new pre-emergent     Ÿ Enhancing analytics and usage across     Ÿ Identify and nurture high potential
             Ÿ Upstream and downstream integration                                                                                   herbicide                         the value chain                   talent through focussed interventions

           Key challenges                                                                                                             Ÿ 100% of all projects mapped to Green     Ÿ Boosting of Data maturity and     Ÿ Facilitate internal mobility for career
                                                                                                                                                                                                         growth and pipeline
                                                                                                                                     Chemistry principles              informed decisions by adopting Digital
             Ÿ  Rising input costs, mainly energy                                                                                                                                                        Ÿ Implementation of smart, mobile
             and materials                                                                                                            Ÿ Uniquely designed transformation   dashboards for KPI monitoring  enabled integrated HR System under
                                                                                                                                     programmes at every level          Ÿ Logistics control tower, and   the OTON framework
           Supply chain challenges –                                                                                                                                   modernising platforms for workflows,
             Ÿ Disrupted supplies                                                                                                  Key challenges                      safety, travel, and expenses      Ÿ Improving entry level and lateral
                                                                                                                                      Ÿ Evolving global compliance landscape                             gender diversity at sites
             Ÿ Shipment challenges - container                                                                                       linked to sustainability, net zero, energy    Ÿ Improving benchmarks in cyber-
             and vessel availability and congestion                                                                                                                    security on OT and IT networks  Key challenges
             at ports                                                                                                                 Ÿ Emerging regulations in agro                                     Ÿ Attraction & Retention of talent at
                                                                                                                                     chemicals, including GMO and drone   Key challenges                 remote manufacturing locations
           KPIs tracked                                                                                                              based agri solutions               Ÿ Technology / platforms obsolescence
           Capacity utilisation                                                                                                                                                                          Ÿ Workforce profile being
                                                                                                                                                                                                         multi-generational with different
                                                                                                                                                                        Ÿ Skill Resource scarcity
           Mithapur – Soda Ash   *                                                                                                 KPIs tracked                                                          aspirations and expectations
           87%                                                                                                                     Patents filed (cumulative)        KPIs tracked                      KPIs tracked
                                                                                                                                                                                                       Employee engagement score
                                                                                                                                                                     Digital Maturity Assessment Score
           Cuddalore - Silica                                                                                                      199                               2.54                              72%
           82%                                                                                                                     R&D projects in collaboration with   out of 5                       Diversity at entry level


           Mambattu - FOS                                                                                                          customers and external research institutes                          10%
           74%                                                                                                                     60                                                                  Positions filled internally

                                                                                                                                                                                                       67%
           *Based on operating capacity



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