Page 45 - Tata Chemical Annual Report_2022-2023
P. 45

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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