During the first quarter of 2002, amid a booming manufacturing sector in China, SAP sealed three contracts for its Enterprise Resource Planning (ERP) solutions, SAP said in a statement. SAP's traditional ERP solution, called R/3, provides ERP functionalities, which help businesses manage areas such as product planning, purchasing, warehousing, transportation and human resources. Announcing these deals at Sapphire, its e-business conference in Florida Friday, Henning Kagermann, CEO and co-chairman of the German business software maker, said: "We have consistently achieved 50 percent annual revenue growth over the last few years (in China)." This year, the company expects to exceed its past performance, SAP Greater China President Klaus Zimmer told CNETAsia. "The World Trade Organization accession represents a turning point for all Chinese businesses and many companies are realizing that e-business transformation can help them attain global competitiveness," Zimmer said.
Moaiyad Taher Hoosenally, Frost & Sullivan Asia-Pacific industry manager of Enterprise Communications, said SAP's ERP offerings have a host of opportunities from Chinese-based companies as well as multinational companies relocating to the country. Companies such as Samsung, Toshiba, Sony and Dell Computer have announced plans to shift selected production activities from various parts of Asia to the mainland.