SAP S/4HANA can address and support the digital transformation of your company@Model.HeadlineSize>
Most of you likely have an existing SAP solution in place and have invested a lot of money to ensure that it fulfills your current requirements. Some of you may be uncertain about the business value and the migration costs that come along with moving to SAP S/4HANA, but there is a huge opportunity to reconsider the current processes with a focus on the digital transformation and the ability to support the future creation of business models. Therefore, it’s essential to understand the value SAP S/4HANA brings from a functional perspective, as well as the technical capabilities that must be embedded.
In the area of logistics, the digital transformation has brought about significant changes; for example, consumers expect their orders to be fulfilled and shipped on the same day, so they can receive their product on the next day.
Another example is the IoT and the collection of big data via sensors or other devices, which has huge implications on the way companies monitor their supply chains. The rapid growth of collaborative networks is removing borders between suppliers and consumers, which has a big impact on the way processes can be executed and improved.
The current SAP ERP system serves as a classical system of record storing your transactional data. The business user goes through different transactions to get transparency on demand shortages, analyzes various reports, adds intelligence to the information, and then either prioritizes production or transfers goods from one plant to another to avoid shortages. With SAP S/4HANA, the business user
gets away from the traditional system of record and leverages the core capabilities of the platform, such as IoT or business network connectivity, to obtain more detailed information and advanced analytical options that help him do his work more effectively.
Most businesses are requiring real-time data in the entire supply chain in an effort to minimize the stock in warehouses to reduce the total costs. With older ERP solutions, separate data are loaded from several sources, which takes too much time. Therefore, a simplified data model is needed to avoid redundant data and enable on-the-fly analysis to provide a detailed look inside the inventory and minimize the risk of deviations between physical
Companies that look to digital transformation as an enabler instead of a disruption to normal business stand to gain market share, profit share, and mind share. Even the largest enterprises can benefit. After all, they frequently have the resources that start-ups can only dream of. Companies that are nimble, that have the ability to execute quickly, will win in the digital economy.