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DIMEXON wins the SAP ACE 2007 award
17th September 2007

Dimexon Diamonds Ltd. has won the SAP ACE 2007 Award for ‘Best Gems & Jewellery Sector Implementation’ (Large Enterprises Category), an award for Customer Excellence.

 

SAP ACE 2007 is an annual award series to recognize and reward implementation of SAP solutions in India. All SAP projects that went live in 2006 and early 2007 qualified for SAP ACE 2007.
A total of 38 winners out of a total entry list of over 600, were felicitated in an impressive awards ceremony held on 27th August, 2007 in New Delhi.

The award was received by a delegation comprising senior members of the group, led by Mr. T. Shantakumar (MD, Kirtilals), Mr Rajiv Mehta (CEO, Dimexon), Mr. Satyanarayan (CIO, Dimexon), Mr. Paras Mehta (VP, Sales), Mr. Samit Mehta (Head, Distribution) from Mr. Henning Kagermann (CEO, SAP AG) along with Mr. Ranjan Das (CEO, SAP India).

Speaking on the occasion, Mr Rajiv Mehta said, “Dimexon Diamonds is honored to receive the SAP ACE Award 2007. At Dimexon we have always been at the forefront of adopting technology and best practice as a key business driver and an enabler of business efficiencies. Implementation of the SAP ERP will help us rationalize costs, enhance customer service, improve productivity and streamline workflow and working capital management”.

The SAP evaluation process comprised of four stages:

  • Scrutiny of the nomination form,
  • Short listing via interviews,
  • Onsite audit review
  • Final assessment by the jury

The parameters on which the implementation was judged included adherence to the project schedule, return on investment, unique features or innovations in the project, specific business impacts and critical success factors of the project. The evaluation was undertaken by an eminent jury panel specially chosen for their experience and expertise in the field of Information Technology.

The SAP ECC 6.0 version was implemented by Dimexon within a period of nine months. After the project preparation stage, Dimexon went through the ‘business blueprint’ stage where they had rigorous integration tests. They also had extensive SAP training sessions where they trained about 300 people, including top management, some core team members and key users. Dimexon has successfully completed a global rollout with offices in Dubai, Hong Kong and China going live in the early part of this year.

“The SAP Project is a crucial link in the IT strategy of Dimexon with the objective of aligning Information technology with business objectives to provide the organization with a competitive and operational advantage” said Mr. Satyanarayan the CIO of Dimexon Diamonds Ltd.

According to SAP, Dimexon is the only end to end implementation in the Gems & jewellery industry to have simultaneously implemented multiple modules necessary in implementing the system.

“Gems and jewellery sector is a front runner in the country’s export thrust and is growing at a massive pace every year.” Said Ranjan Das, President and CEO, SAP Indian Subcontinent. “It has been our privilege to work together with Dimexon one of the leaders in this key sector as they implement enterprise business solutions for enabling their business transformation. The SAP ACE award for Dimexon is recognition of the outstanding implementation of SAP Solutions in their organization and the business benefits that they have been able to get".

Information technology is being effectively used by enterprises in:- a) Effective business transformation, b) Taking advantage of growth and globalization, c) Innovatively re-architecting their business models, d) Obtaining deep and actionable insights into their business and their ecosystem e) Delivering strong return on investment and return on information to their stakeholders, while achieving better operational efficiencies.

Mr Mehta further added that “SAP allows us to maximize the value of the diamonds that we manufacture through manufacturing efficiencies, inventory tracking and valuation, real-time pricing, customer MIS etc. which will maximize value addition in our business and help us serve our customers better”.

Dimexon Diamonds has plans of roll out phase 2 soon, which would bring in elements of advanced intelligence in data analysis and summation.

The Dimexon Group is a leading international diamond manufacturing & jewelry group that ranks among the largest manufacturers of diamonds in the world.

The Dimexon Group of Companies includes Dimexon (diamond manufacturing and wholesale division), Vispark (Jewellery Manufacturing), Kirtilals (a retail chain of jewellery showrooms), Quingdao Dimexon Eurostar Jewellery (jewellery manufacturing) and Dimexon Eurostar Jewellery Hong Kong (Jewellery distribution).

Dimexon specializes in the manufacturing of Round Brilliant Cuts, Hearts & Arrows (AGS 000) and fine Princess cuts. Dimexon manufactures polished diamonds in all sizes up to 2.00 carat in all colour and clarities.

Dimexon is present in six countries across three continents, and our local offices serve leading diamond retailers and jewelry manufacturers in India, Belgium, Hong Kong, Italy, UAE and USA.

 

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