HANNOVER, Germany, April 22,
2024 /PRNewswire/ -- 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.
This document contains forward-looking statements, which
are predictions, projections, or other statements about future
events. These statements are based on current expectations,
forecasts, and assumptions that are subject to risks and
uncertainties that could cause actual results and outcomes to
materially differ. Additional information regarding these risks and
uncertainties may be found in our filings with the Securities and
Exchange Commission, including but not limited to the risk factors
section of SAP's 2023 Annual Report on Form 20-F.
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