KUALA LUMPUR (Aug 22): ARB Bhd has signed a contract with a Cambodia agriculture products firm to provide an enterprise resource planning (ERP) system.
ARB, formerly known as Aturmaju Resources Bhd, said the contract with Tatan Land Co Ltd is expected to contribute an estimated US$20 million (RM84 million) to the group’s topline per year.
ARB will provide a customised ERP system and system integration solution (SIS) to TLCL. The system's features include real-time sales tracking, real-time sales and inventory, inventory management, warehousing, and logistics optimisation, the group said in a filing with Bursa Malaysia.
The one-year contract can be renewed automatically when TLCL achieves the agreed target of US$20 million in gross merchandise value.
ARB said the contract, signed by its wholly-owned unit ARB Development Sdn Bhd, is in line with the group’s regional business plan to continue to expand its footprint in Cambodia.
“With our ERP solutions, we hope to assist TLCL to accurately map inventory assortments against consumer preferences and seasonal trends across their operations/outlets,” said ARB chief executive officer for investment and technology Datuk Larry Liew Kok Leong.
“This ultimately provides better customer service with an improved, more real-time understanding of what is selling and what is not,” Liew added.
ARB shares closed 1.5 sen or 4.05% lower at 35.5 sen, giving the company a market capitalisation of RM74.57 million.