ERP to take Sathosa out of the woods - News Summed Up

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ERP to take Sathosa out of the woods

ERP to take Sathosa out of the woods View(s):State-owned Lanka Sathosa Ltd (LSL)’s retail store network of 403 outlets currently running at a loss is set to be revamped with the introduction of a new sophisticated system, a Finance Ministry report revealed. The new sophisticated Enterprise Resource Planning (ERP) system has been devised to increase the asset base in the company covering the entire outlets, warehouses and the Lanka Sathosa Head Office. Lanka Sathosa has signed a four year contract with USAID on staff training and development on training the trainer basis. An exclusive training centre will be set up for the 4000 strong staff to provide a better service for consumers countrywide. Lanka Sathosa currently functioning under the Ministry of Industry and Commerce is facing allegations of financial misappropriation in importing 257,000 metric tonnes of rice during 2014/15.

Source: Sunday Times June 08, 2019 19:12 UTC