How Can Automotive Companies Benefit from SAP S/4 HANA?
By Eric Smith
Running an automotive company means managing a broad spectrum of operations, starting from manufacturing to sales and more. Managing all such operations ideally is the only way to ensure the success of your automotive company. However, while conventional approaches towards management have worked until now, things are very different.
Businesses now need to be more efficiently agile, and more importantly, they have to be customer-centric with their decisions. One of the easiest ways to benefit from unmatched agility efficiency, along with informed and calculated decision-making, is leveraging the competencies of a robust ERP solution such as the SAP S/4 HANA. There are many ways your automotive company could benefit from SAP HANA migration. Therefore, let's check them out.
Decreasing the Cost of Procurement: One of the best things about SAP S/4 HANA is that its impressive capabilities can reduce the time required to manage the supply chain. This further helps your automotive company enhance the supply chain's productivity by about 15%.
Many organizations leverage these capabilities to get their hands-on discount alternatives available on early payments. This helps reduce the worker acquisition time, maximizing the inventory ordering and tracking raw materials in real-time.
Simplification of Business Process: The primary reason why businesses use ERP solutions is that it helps them simplify different business processes. This simplification further aids in enhanced efficiency and quick decision-making, allowing the company to grow.
With SAP S/4 HANA, one does not have to worry about using multiple product runs and applications to manage the business. Instead, all one needs is the unified interface of the solution that makes it significantly easier to manage various business operations without any hassle. Furthermore, this will help your automotive company enhance productivity cycles while reducing the costs for planning.
Customer-Centric Framework: These days, the business delivers unmatched experiences to customers. Therefore, even automotive businesses need to ensure their customers are satisfied. This is where SAP comes in with its integrated solution that allows you to manage end-to-end processes with customers on the back of your head.
This will further help your automotive company facilitate seamless creation and maintenance of all your services and products, including customer contracts. So, if you are interested in delivering unmatched experience to your automotive customers, then SAP S/4 HANA is what you need.
Reducing the Cost of Manufacturing: The efficiency of different manufacturing processes can play a crucial role in influencing the cost of manufacturing. Therefore, you need to ensure unmatched efficiency of the manufacturing operations to lower the manufacturing cost.
This is an endeavor much easier said than done, but one can make it possible by leveraging the competencies of the SAP S/4 HANA solution. Enhanced planning and monitoring with SAP S/4 HANA can be beneficial in enhancing employees' productivity while reducing wastage to lower the cost of manufacturing simultaneously.
Optimized Turnaround Time: Every automotive business needs to ensure minimal turnaround time for enhancing customer satisfaction. This can be challenging for most businesses, so a solution like the SAP S/4 HANA can be of great use in such scenarios. This solution gives you an extensive 360-degree view of both customers and vehicles, making handling different leads easier.
This obviously allows your automotive company to make use of more leads and turn more potential customers into paying customers. Furthermore, reduced turnaround time also means enhanced customer satisfaction, better revenue generation, and reduced cost associated with service and sales.
Enhanced Marketing Efforts: Marketing is another important aspect for every automotive company. Therefore, leveraging the capabilities of SAP S/4 HANA in this scenario can help your business augment your marketing and drive great results. The embedded analytics of SAP S/4 HANA can help your business analyze different trends and curate the marketing campaigns accordingly.
This further aids in enhancing the results generated by the marketing campaigns thanks to the targeted and personalized approach made possible with SAP S/4 HANA. Furthermore, businesses can also use these analytical capabilities to create valuable insights and leverage the same for better results.
Streamlined Logistics: Logistics is one of the biggest concerns for any business, but it is more important for automotive companies. This makes it very important for your automotive company to augment different aspects of logistics and address all the inefficiencies in all those processes.
All of these can be made possible by leveraging a robust ERP solution such as SAP S/4 HANA. One can use the capabilities of SAP S/4 HANA to facilitate better monitoring of the logistics of your business and boost efficiency to save on cost and increase revenue.
Driving Innovation: Every automotive business strives to be the first choice of its customers. However, to make this possible, one needs to provide customers with unique products that might not be available elsewhere. One can use SAP S/4 HANA to better understand what customers want from their vehicles.
Automotive businesses leverage those insights and incorporate the same into the design and other elements of the products. With technologies such as machine learning and artificial intelligence, you get the opportunity to experiment in a better way and create something entirely new with the existing resources.
Engaged Workforce: The workforce of an automotive company can be huge given the extensive processes that need to be managed. This can often deteriorate the engagement among customers and hamper the overall efficiency.
However, this can be changed with a centralized platform such as SAP S/4 HANA. The platform is equipped with excellent capabilities to help your employees collaborate more effectively. This, in turn, helps enhance the engagement among your workforce and increase efficiency and productivity.
SAP S/4 HANA is one of those few solutions that can be used by almost every business, no matter their scale of operations or industry. Hence your automotive company is no different. So, as you can see from the pointers mentioned above, there are many ways you could benefit from implementing the SAP S/4 HANA solution. Therefore, find a reliable SAP consulting service and drive seamless implementation.