RETAIL, MANUFACTURING AND PROPERTY

Background

TCL China Star Optoelectronics Technology Co., Ltd. (TCL CSOT), established in 2009, is an innovative technology company focused on the semiconductor display field. As one of the global leaders in semiconductor displays, TCL CSOT operates from bases in Shenzhen, Wuhan, Huizhou, Suzhou, Guangzhou, and India, with nine panel production lines and five module bases, with investments exceeding 260 billion yuan.

Challenges

As a leading global panel manufacturer, TCL CSOT understands the high demands that the heavy asset and long-cycle nature of the semiconductor industry places on asset management. The company continuously optimizes its asset management strategies to accurately identify and effectively utilize idle assets while ensuring transparency and coherence throughout the asset lifecycle from procurement to disposal. The company is committed to building a comprehensive asset data view, integrating key data elements of all core assets to provide management with real-time, comprehensive asset information support.

Solutions

To accelerate digital transformation, TCL CSOT partnered with LPS to introduce best practices in planning, construction management, and asset management, deeply aligning with its unique business operating environment. They implemented a comprehensive asset management solution that established an organization-wide, all-encompassing, full-process, and full-view asset management framework, ensuring thoroughness and systematization in asset management. Through a long-term governance model of "identification, warning, and disposal," they achieved effective identification, warning, and timely disposal of idle assets. Additionally, leveraging LPS' technological innovations, they established an asset and new technology evolution map. 


By introducing cutting-edge technology, LPS designed and implemented advanced IT solutions, providing strong support for the smooth implementation and efficient deployment of the asset lifecycle management system. By integrating data asset and constructing a complete data view, we have provided management with rich data support, enhancing the accuracy of decision-making. This not only improved the performance of the asset management system but also met the company's asset management needs in a complex market environment.

Value created

Facing cyclical fluctuations in the semiconductor industry and market demand uncertainties, enhancing the performance and business support capabilities of the asset management system is crucial. By introducing the LPS asset management solution, TCL CSOT successfully achieved efficient, intelligent, and systematic transformation of asset management. 


This transformation not only connected the complete value chain of asset formation and operation but also built an industry-leading asset management system, improving the efficiency and effectiveness of asset management. Through effective idle asset identification and utilization mechanisms, TCL CSOT significantly increased asset utilization rates and reduced operating costs. 


The intelligent and efficient asset management system has strongly promoted the company's digital transformation process, laying a foundation for sustainable development and providing strong support for gaining a competitive advantage in the market.

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