Vedanta Group’s Hindustan Zinc Limited wins two prestigious awards at the recently held SAP ACE Awards 2020 ceremony.
SAP ACE Awards is SAP India’s industry benchmark that recognizes and honors India’s best-run businesses that demonstrate notable business impact through technology-led innovation with SAP solutions.
This year is the 14th year of SAP ACE Awards, and with the COVID-19 pandemic still at large—like so many other events—the ceremony was held virtually for the very first time.
One of the big winners of SAP ACE Awards 2020 is Hindustan Zinc Limited. The Udaipur-based zinc and lead producer’s ‘Evolve Project’ and ‘Project Confluence’ acquired the following awards:
- Customer Excellence – Sales, Marketing & Service for ‘Evolve Project’
- Sourcing Excellence – Large Enterprise for ‘Project Confluence’
Hindustan Zinc Limited’s CEO, Arun Misra, expressed the company’s increased ambition to further cultivate technology-led innovation in the organization. He said:
“Our digital platforms, Evolve and Confluence are both trendsetting innovations by the young minds at Hindustan Zinc and have made ease of business a reality for our customers and vendors. It is a reflection of our belief that smart operations enabled by cutting-edge technology is [sic] the key to sustainable business. The recognitions by SAP Ace Awards motivate us to further drive a culture of digital transformation.”
Hindustan Zinc Limited’s Evolve Platform
Evolve is Hindustan Zinc Limited’s online buying platform for non-ferrous metals; the platform is the first of its kind in India and is powered by SAP Commerce Cloud (Hybris) and SAP’s Business technology Platform. The digital network connects communities and buyers on single platform and offers a hassle-free experience with a “three-click buying option for zinc, lead, silver, and acid.”
During the launch of the project, Misra explained how the new online platform aims to revolutionize non-ferrous metal buying experience for customers:
“Evolve stands for our vision to offer to our customers—especially MSMEs—a hassle-free experience of buying our product online with the convenience of smaller [sic] size of buy and dynamic pricing. In the sphere of online shopping experience, Evolve will enable us to contribute immensely to the ecosystem of Aatmanirbhar Bharat.”
Project Confluence is Hindustan Zinc Limited’s SAP Ariba implementation project that began in 2018. The project is one of the first such initiatives in India covering the entire process on the SAP Ariba platform.
Project Confluence covered the implementation of the following SAP Ariba solutions:
- Commerce Automation
- Supply Chain Automation
- Auction Platform
- Catalogue Management
- Contracts Management
- Pre-Purchase Order and Post-Purchase Order Collaboration
- B2B Integration
- Vendor Managed Inventory (VMI)
Since going live with SAP Ariba solutions, Hindustan Zinc Limited has successfully digitalized the entire Procure-to-Pay process of the company.
About Hindustan Zinc Limited
Hindustan Zinc Limited is one of the world’s largest and India’s only integrated producer of zinc-lead and silver. The company has its headquarters at Udaipur in the State of Rajasthan where it has its zinc-Lead mines and smelting complexes.
Hindustan Zinc is self-sufficient in power with captive thermal power plants and also has ventured into green energy by setting up wind power plants. The company is ranked 1st in Asia-Pacific and globally 8th in Dow Jones Sustainability Index in 2020 amongst Mining & Metal companies. Hindustan Zinc is also a certified Water Positive Company.