To transform chemical companies prioritize new business models and processes. The chemical world as we know it is experiencing a revolution on both the supply and demand sides of the value chain. We are experiencing a digital revolution from the technology advances of hyperconnectivity, supercomputing, cloud computing, smart technology, blockchain, and cybersecurity. We see a strong adoption of cloud solutions already, in particular for nonstrategic processes like HR or procurement, however, cybersecurity remains an important aspect for the asset-and operations-intensive chemical industry.
This revolution will transform the chemical industry away from the traditional, vertically integrated business models to an industry where access to information will overtake access to raw materials and resources as the competitive differentiator. These same disruptive technologies can also be used to reach new levels of safety, cost control, and agility in a competitive environment, while providing a bridge to success in the new, diversified, and outcome-focused economy. To succeed, chemical companies will need to put in place a coherent digital vision with clearly articulated strategies. In particular, they will need to address emerging business models such as driving outcome-based engagements and flexible sourcing of resources through external talent networks. To execute on this, firms will not only need to reengineer their business processes, but they will also have to evaluate if they have the right technology platform that can deliver on that vision.
Priority 1: Deliver customer outcomes, not products Rethinking the value chain from the customer perspective Priority 2: Simplify to shrink cycle time Using the IoT to streamline operations and maximize asset performance Priority 3: Compete as an ecosystem Integrating with both customer and supplier supply chains to unlock superior value Priority 4: Increase market driven strategic agility Adjusting strategy and portfolio dynamically in response to market opportunities and needs
Top reasons chemical companies move to SAP S/4HANA
M&A - Spin off of entities that require an own ERP system and SAP efforts related to M&A activities trigger S/4HANA implementations
Digital Transformation - Digital initiatives require simplification of system landscape and standardization of processes and data which can be achieved through move to S/4HANA avoiding sunk costs in old technology when staying on ECC
Aging workforce requires to bring highly customized systems back to standard based on S/4HANA
Agility to respond better to more dynamic market environments resulting from combination of OLTP and OLAP as available on S/4 (Smart Business Cockpits)
Efficiency gains coming from system simplification, better business insights and automation of processes using new technologies such as Machine Learning
IT – new ERP required, technical upgrade, TCO reduction
SAP S/4HANA is The Next Generation Business Suite For A Digital World The opportunity exists to transform business processes and achieve the digital transformation of your business with more automation and real-time visibility. Our SAP HANA and SAP S/4HANA solutions address these important these needs and more. Let us show you today! Set up a free consultation.
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