Minerals Technologies Inc. Upgrades to Oracle E-Business Suite 12.1 to Increase
Efficiency and Flexibility of Its Growing Global
Manufacturing Business Operations
Latest Release of Oracle E-Business Suite Supports Rapid Global
Growth for Provider of Specialty Mineral Products, Systems and
DENVER, CO -- (Marketwired) -- 04/08/13 -- COLLABORATE 13 -- Oracle
-- To help drive efficiencies across its expanding global business,
Minerals Technologies Inc. (MTI), a provider of specialty mineral,
minerals-based and synthetic minerals products and related systems and
services, has upgraded to the Oracle E-Business Suite 12.1.
-- This upgrade is part of the company's Operational Excellence process,
which is a key element in its journey to continuously improve
efficiency and productivity throughout the organization.
-- The firm's Operational Excellence process was deployed in 2008 to
further drive customer value and to create a quantum step improvement
in operational efficiency by engaging the entire workforce in the
never-ending quest of continuous improvement.
-- Minerals Technologies uses many of the same critical principles found
in the Toyota Production System, and employs such lean methodologies
and tools as 5S, Standard Work, Hoshin Kanri, Daily Management
Control, Total Productive Maintenance (TPM) and Kaizen. During 2012
the firm's workforce of approximately 2,000 employees engaged in 1,200
kaizen events. The firm believes its superior performance in total
shareholder return since 2008 is heavily attributable to its
Operational Excellence initiative.
-- With a rapidly expanding global presence, MTI uses Oracle Process
Manufacturing, a modern, flexible and scalable platform that helps
manage batch production, supports decision making, and optimizes
business processes by providing a single view into granular data from
more than 60 plants around the world.
-- By upgrading to the Oracle E-Business Suite 12.1, MTI now has a
comprehensive and integrated suite of modern business applications
that support its global expansion by driving efficiencies,
standardizing processes and providing visibility into all global
-- With Oracle E-Business Suite Financials modules, including Oracle
General Ledger, Oracle Payables, and Oracle Receivables, MTI has been
able to achieve a better view into its business, reducing the average
time taken to close its books and produce a full set of management
reports by three days.
-- The detailed insights provided by Oracle E-Business Suite Financials
modules have also helped MTI to optimize the management of working
capital by enabling a global Shared Service that allow it to access
more timely and frequent reviews of transactions across its growing
-- To gain further insights into its asset lifecycle, MTI is leveraging
Oracle Enterprise Asset Management and Oracle Projects to develop
sophisticated, condition-based maintenance strategies that reduce
costs and increase speed to market by enhancing inventory management
-- To help better manage its supply chain logistics, MTI uses Oracle
Transportation Management and Oracle Inventory Management to enhance
overall supply chain efficiency and lower transportation costs
providing users flexibility in how material flows through their
facilities and across their supply chain.
-- Upgrading to the latest release of Oracle E-Business Suite CRM allows
MTI to take advantage of the new mobile technology and to better
manage sales forecasting, customer tracking and development of
-- Driving further efficiencies, MTI uses Oracle Managed Cloud Services
to manage the Oracle E-Business Suite and its other Oracle
applications, databases and hardware, which has enabled the company to
accelerate business results, lower costs, and reduce risk by creating
shared services that support operational excellence and drive business
-- "Oracle has been a trusted solution provider as we have grown from a
midsize organization to a global, billion-dollar operation," said Khem
Balkaran, CIO and head of Global Business Services, Minerals
Technologies, Inc. "To ensure we could continue to take advantage of
the latest technologies to support our global growth, we decided to
upgrade to the latest release of the Oracle E-Business Suite as it is
the foundation of our business application. The new capabilities and
shared services have increased our flexibility and responsiveness by
providing us with unparalleled visibility into our global business
operations, which, coupled with our Operations Excellence/Lean
initiative, will position us well to continue to increase our
efficiency and productivity."
-- Oracle Applications
-- Oracle E-Business Suite 12.1
-- Oracle Process Manufacturing
-- Oracle E-Business Suite Financials
-- Oracle Enterprise Asset Management
-- Oracle Projects
-- Oracle Transportation Management
-- Oracle Inventory Management
-- Oracle E-Business Suite CRM
-- Oracle Managed Cloud Services
-- Oracle E-Business Suite Customer Success Stories
-- Minerals Technologies Inc.
About Oracle Applications
Over 65,000 customers worldwide rely on
Oracle's complete, open and integrated enterprise applications to
achieve superior results. Oracle provides a secure path for customers
to benefit from the latest technology advances that improve the
customer software experience and drive better business performance.
Oracle Applications Unlimited is Oracle's commitment to customer
choice through continuous investment and innovation in current
applications offerings. Oracle's next-generation Fusion Applications
build upon that commitment, and are designed to work with and evolve
your existing applications investments. Oracle's lifetime support
policy helps ensure customers will continue to have a choice in
upgrade paths, based on their enterprise needs. For more information
on the latest Oracle Applications releases go to:
Oracle engineers hardware and software to work together
in the cloud and in your data center. For more information about
Oracle (NASDAQ: ORCL), visit www.oracle.com.
Java are registered trademarks of Oracle and/or its affiliates. Other
names may be trademarks of their respective owners.
Blanc & Otus
Press spacebar to pause and continue. Press esc to stop.