Blog: The Intelligent Industrial Machinery & Components Company enabled by an SAP Industry Cloud…
The incredible pace of change for technology and digitalization is the new normal for IM&C companies. To stay ahead of their competition, IM&C companies must innovate continuously and even accelerate the rate of transformation. In addition, customer expectations are rising, like personalized experiences by providing tailor-made solutions, at scale and increasingly offered as a service.
IM&C companies are looking for possibilities to use emerging technologies like machine learning, big data analytics, blockchain and digital assistance to accelerate or transform existing business processes. By deploying these capabilities, IM&C companies can analyze data from different sources, recognize hidden patterns, simulate different resolution options to issues, and can quickly evaluate new business opportunities and react faster to market changes.
Using these technologies sounds like an approach that would give IM&C companies a competitive edge, help them meet customer expectations and allow them to easily introduce new business models.
However, one thing has changed. IM&C companies want to consume these intelligent processes as a holistic solution preferably in the cloud, with preconfigured industry leading end-to-end processes and out-of-the-box integration.
Many manufacturers recognize that already. A July 2018 commissioned study conducted by Forrester Consulting on behalf of SAP, “Emerging Opportunities for Discrete Manufacturers To Deploy Industry Processes In The Cloud”, found that “95% of discrete manufacturers believe moving end-to-end processes or business processes to industry cloud would have notable improvement on their ability to digitally transform their whole ecosystem”
Although IM&C companies need to introduce and scale innovations, they also need to keep running their existing business effectively. This means that they are looking for strategies that will help them deploy this constant stream of innovations into their business, with a faster-time-to value while reducing the risk of each project. Strategies that will help them react faster to market dynamics and allow them to take advantage of process simplification and harmonization.
So, to help companies deploy and scale innovations and become an intelligent enterprise, SAP teamed up with leading global IM&C companies and IBM to define the scope of an Industry Cloud for Industrial Machinery & Components.
The objectives of the solution are to:
· Accelerate implementations and reduce time-to-value,
· Lower the cost of implementation through reduced need for customization,
· Provide the ability to easily build the remaining high value customer specific requirements.
The Intelligent Enterprise Cloud for IM&C companies is focused on companies that have a configure-to-order operating model, it contains pre-configured end-to-end business processes executed within multiple integrated SAP solutions. The delivered pre-configured scenarios include the use of machine learning algorithms in budgetary quotes, enables sales configuration in the quote processes through digital sales channel and provides transparency for the sales teams with real-time insights into sales commissions. Finally, although not the least, is integrated order fulfillment and logistics processes including project-based execution of installation and commissioning. As this is based on SAP’s model company concept, each customers’ scope can be personalized and provides utilities to define the scope, automate the initial configuration set–up and the tests for E2E processes. The Intelligent Enterprise Cloud for IM&C is intended to be delivered and managed by IBM, with its years of experience and industry know-how captured within the solution.
Interested to find out more? As a key solution that will drive value for customers and help them move to SAP S/4HANA, and we will be highlighting the solution at Sapphire. Join us for a demo in the Digital Core Area @DI324 on Thursday @1.30pm and also at the Cloud Lounge on Thursday 12.30pm.