This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Edmund Optics “Goes Live” With SAP® Business All-in-One And Other Solutions From SAP, Deployed By Answerthink

Stocks in this article: HCKT

Answerthink, a division of The Hackett Group, Inc. (NASDAQ: HCKT) focused on providing and supporting SAP ® solutions, today announced the successful go-live implementation of the SAP Business All-in-One solution and other SAP solutions at Edmund Optics, Inc.

Edmund Optics, headquartered in Barrington, NJ, has been a leading supplier of optics and optical components to industry for 70 years, designing and manufacturing a wide array of multi-element lenses, lens coatings, imaging systems, and opto-mechanical equipment. Led by a staff of skilled optical engineers and scientists, Edmund Optics is application-focused and pursues new ways to implement optical technology, enabling advancements in semiconductor manufacturing, industrial metrology, and medical instrumentation. Its precision products improve efficiencies and yields and are used in test and measurement quality assurance applications, the automation of manufacturing processes, and research.

Edmund needed to upgrade from its legacy system to a solution providing integrated functionality and a stable environment capable of supporting future growth within its global operations. The implementation of SAP solutions brings Edmund Optics’ U.S. operations onto one integrated system while setting the stage for future deployments of SAP solutions in other locations outside of the U.S. Edmund has several complicated business processes, supported by the SAP solutions as part of the standard system, unlike its legacy system that required customization. Now Edmund will realize lower cost of ownership and support utilizing standard capabilities of the SAP solutions.

The project was completed in 32 weeks, which included core functionality in the areas of finance, materials management, production planning, customer relationship management, human capital management, business intelligence, and sales and distribution.

This was an aggressive project, considering the depth of business processes undertaken in an eight month timeline. Edmund required multiple order-to-cash sales processes utilizing the SAP Customer Relationship Management (SAP CRM) application and core sales and distribution functionality with a Web interface. Full finance and controlling was implemented for internal and external reporting. Edmund utilized materials management for procurement, warehouse management and radio frequency for warehouse operations along with production planning for its manufacturing processes. The SAP ERP Human Capital Management (SAP ERP HCM) solution was implemented for time-tracking and cost-collecting. Edmund used a combination of SAP NetWeaver® Business Warehouse and SAP BusinessObjects™ solutions, including the SAP BusinessObjects Planning and Consolidation application, for its business intelligence reporting and budget processes.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs