HANNOVER, Germany, April 22,
2024 /CNW/ -- SAP SE (NYSE: SAP) today announced
AI advancements in its supply chain solutions that will unleash a
transformative wave of productivity, efficiency and precision in
manufacturing. AI-driven insights from real-time data will help
companies use their own data to make better decisions across supply
chains, streamline product development and improve manufacturing
efficiency.
"Businesses today are confronted with challenges ranging from
supply chain disruptions and labor shortages to geopolitical
uncertainties," said Muhammad Alam,
member of the Executive Board of SAP SE, SAP Product Engineering.
"SAP recognizes the imperative for agility and intelligence,
driving innovation with AI-powered solutions to streamline supply
chain and manufacturing processes. Companies can enhance
operational efficiency and improve supply chain resiliency while
delighting customers with superior service, paving the way for
sustained growth and market competitiveness."
Accurate and relevant real-time information helps mitigate the
impact that supply-chain disruptions have on suppliers,
manufacturers and distributors worldwide. SMA Solar Technology AG
and other customers have already witnessed the benefits of SAP's
solutions, including an approximately 15% increase in supply chain
workforce productivity, a 10% decrease in overall supply chain
planning costs and a 10% reduction in inventory carrying costs and
stock turnover rate.
"SMA Solar modernizes its manufacturing execution systems to
support sustainable, risk-resilient manufacturing operations with
the power of AI-enabled visual inspection in the SAP Digital
Manufacturing solution," said Heiko
Kehm, SMA Solar head of IT Order to Cash.
Sixty-three percent of supply chain executives and 52% of
operations executives have an AI strategy linked to business
objectives, according to "The Importance of AI in Supply Chain and
Operations," a global 2024 IDC InfoBrief sponsored by SAP*.
Fifty-one percent of the 2,000 survey respondents are embedding AI
into supply chain planning business processes and key applications
for real-time decision-making. Another 58% are using AI to increase
operational efficiency and employee productivity.
Key improvements to SAP's supply chain solutions to support
customers' AI-centric strategy include:
- Optimizing decisions across the supply chain with AI-driven
insights: Companies can now leverage higher volumes of
machine data and integrate AI-driven visual inspection by computer
into their production processes, enabling a remarkable increase in
quality through automation.
- Streamlining product development: Product
developers can now use SAP's AI copilot Joule to gather and enhance
new product ideas quickly and effectively using natural language
queries. Joule also helps tag product designs with business data,
so they visually contextualize business-critical information.
- Detecting equipment anomalies: Using AI, asset
operators can proactively address potential breakdowns based on
sensor data collected from smart devices and edge gateways. This
new capacity utilizes the cutting-edge Cumulocity IoT platform from
Software AG, which is planned to be embedded in the SAP Asset
Performance Management application in Q3.
- Improving field response: Customers can optimize
driving routes and allocate job assignments efficiently with
integrated real-time traffic data and machine-learning-trained
models, which enable the right field service technicians to reach
their destinations on time.
Find more details about the innovations SAP will show at
Hannover Messe here.
Visit the SAP News Center. Follow SAP
at @SAPNews.
*IDC InfoBrief, sponsored by SAP, The Importance of AI in Supply
Chain and Operations, document #US52042224, April 2024.
About SAP
As a global leader in enterprise applications and business AI,
SAP (NYSE: SAP) stands at the nexus of business and
technology. For over 50 years, organizations have trusted
SAP to bring out their best by uniting
business-critical operations spanning finance, procurement,
HR, supply chain, and customer experience. For more information,
visit www.sap.com.
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