- SAP SE (NYSE: SAP) recently announced several new services to help companies improve supply chain and industry-specific processes
SAP SE (NYSE: SAP) recently announced several new services to help companies improve supply chain and industry-specific processes and connect through the business network and embed sustainability as a critical measure of business success. This announcement was made at the SAPPHIRE NOW Converge conference.
“In uncertain times, companies need a trusted partner to help them make confident decisions to enhance agility and resiliency during and beyond the current COVID-19 crisis,” said Thomas Saueressig, member of the Executive Board of SAP SE for SAP Product Engineering. “In today’s hyperconnected world, it’s even more important for businesses to quickly react to environmental and market changes. We’re helping to address these challenges with new ways for customers to address sustainability, lead in their industry, and grow their business networks. SAP has the strategy, expertise, solutions and partner ecosystem to enable customers to run their business as an intelligent enterprise.”
Climate 21
SAP had announced the Climate 21 program for supporting customers in pursuing their climate-related objectives. And in a multiyear road map, SAP will work with co-innovation partners to embed sustainability metrics across SAP’s solution portfolio. This tool will help customers understand, analyze, and optimize the carbon footprint of their products and operations along the value chain.
The SAP Product Carbon Footprint Analytics application is now available as the first solution in the Climate 21 program. And the application uses data from SAP S/4HANA and third-party sources and calculates this information within the SAP Analytics Cloud solution. And this helps customers understand their carbon footprint and provides a foundation for analyzing and optimizing greenhouse gas emissions.
Industry Cloud Service
As intelligent enterprises strike the balance between optimizing their current business models and innovating at the vertical edge to develop new revenue streams and growth potential using digital technologies. And SAP and its partners are offering industry cloud solutions that extend the end-to-end processes of SAP’s intelligent suite to help drive customer’s core business in their industries.
SAP’s industry cloud strategy will deliver innovative solutions from SAP and its partners. And these solutions will be built on technologies in the Business Technology Platform portfolio and use an open API framework, open process model, open domain model, and common business services to create a better customer and user experience. The interoperability with SAP’s intelligent suite will enable rapid development, deployment, and integration. Plus artificial intelligence, the Internet of Things, and other advanced technologies from SAP will be available to help developers to accelerate development and deliver greater business value, enabling improved business practices and business innovation at the vertical edge.
Increased Investment For Industry 4.0 Across The Supply Chain
SAP is bringing significant innovations across the supply chain ranging from design to operations to greater insights, automation, and responsiveness with the Industry 4.Now initiative. And these innovations can help companies design and manufacture intelligent products and assets that can capture and analyze the increased tide of information from sensors across the supply chain. As a result, it enables customers to shift Industry 4.0 from a factory-focused initiative to a company-wide business strategy.
Through Industry 4.Now, SAP will deliver innovations that companies need to create and capture a digital thread of these intelligent products and assets throughout their lifecycle for providing real-time insights back into the business processes, from design to operations. And with embedded analytics and predictive capabilities, this intelligence can empower people to make better business decisions and drive new business models and revenue streams.
Strategy For A Unified Business Network
SAP recently announced a strategy to bring end-to-end visibility, increased efficiency and collaboration across the entire supply chain processes, including design, planning, sourcing, procurement, manufacturing, logistics, and asset operations. And by creating a network of intelligent enterprises, SAP can help companies digitalize multienterprise business processes for better visibility and collaboration across the supply chain ecosystem.
