In today’s digital economy, consumer products companies face pressures from all sides. Consumers have
great power based on easy access to information about products, pricing, and availability. The barriers of entry for new players with the “next big product idea” are lower than ever. At the same time, channel partners, from big retailers to Amazon, are expanding their own private-label businesses. Added to all, tremendous instabliity persists in the basic costs of doing business, from raw materials, to labor, to shipping, and beyond.
Consumer Product companies not only need to rework their business processes, they also have to
consider their technology platform. The winning platform will require an IT architecture that provides both stability and long-term reliability for core enterprise processes, while allowing for flexibility in areas of frequent change.
SAP S/4HANA is a great platform for consumer product companies as it interconnects all aspects of the value chain in real-time to drive business outcomes. It simplifies the user experience, architecture, and process.
Some key SAP S/4HANA industry capabilities include:
- Real-time supply chain
- Digitalised sales
- Optimised material requirement planning
- 10%–20% increase in customer satisfaction
- 10%–30% increase in on-time delivery
- 25%–30% reduction in inventory levels*