Introduction
The automotive industry is facing a pivotal moment in its journey towards digitalization. How can manufacturers meet the rising demand for connected and intelligent vehicles while managing increasingly complex supply chains? How can businesses navigate the pressure to deliver personalized customer experiences while also maintaining sustainable operations? These are the pressing challenges confronting automotive companies today.
RISE with SAP for Automotive Industry provides the solution to these challenges. By harnessing intelligent technologies and cloud-based services, RISE with SAP empowers the automotive industry to create smarter products, optimize supply chain efficiency, and meet the evolving needs of customers. With its industry-specific capabilities, this platform accelerates digital transformation and helps automotive businesses thrive in the era of Industry 4.0.
Overview of RISE with SAP for Automotive Industry
The automotive industry aims to produce innovative and connected products, construct a digital supply chain, engage a changing workforce, put the customer first, and evolve new business models and mobility services by utilizing intelligent technologies. The strategic priorities identified for the automotive industry are listed below;
- Innovating integrated product lifecycle designs
- End-to-end supply chain integration
- Creating intelligent machines
- The cycle of customer-centric development
RISE with SAP focuses on covering the entire digital transformation process, from developing digital innovation to implementing those plans using industry best practices and maximizing resources for diverse deployment goals.
Key Benefits of RISE with SAP for Automotive Sector
SAP’s Automotive Industry 4.0 initiatives enable businesses to:
- To create Intelligent Products that are intended to monitor and optimize performance over time while fulfilling the specific and unique requirements of our clients.
- To construct Intelligent Factories that leverage data and intelligence to function as autonomously as feasible while delivering mass-produced and customized items at scale.
- To make use of Intelligent Assets that are linked to each and every process and are dynamically maintained.
- To Empower People by providing them with the tools and knowledge they require to achieve their best job.
Though the automotive industries are highly benefitted through SAP’s intelligent enterprise solution, it’s important to know what the automotive industries think about their digital transformation guided by SAP,
Automotive Industry views on Digital Transformation:
- To forecast outcomes for design, service, safety, and operations; 79% of automotive industries believe it is critical to gather and analyze vehicle data.
- To minimize supply interruptions, 76% of automotive industries believe it is critical to establish a digitally linked supply chain.
- Customers’ preferences are crucial to 79% of automotive companies, who subsequently supply the products and services that customers want.
- Predicting asset failure, determining the cause, and recommending the optimal maintenance plan are all critical to 76% of automotive industries.
- Predicting driver demands and delivering suitable networked mobility services, such as fuel, parking, navigation, and commerce, directly to a car, is vital to 60% of automotive industries.
(Note: Data was taken from SAP’s statistics)
Now we do have a clear-cut view of the provider’s offering and the implementer’s requisites; well how do we blend them?
Wait a minute!
Before jumping in, we should also know what the automotive industry is planning for the sustainable industry 4.0 implementation in the years ahead with RISE. Let’s begin by knowing about RISE; so
What’s all about RISE with SAP?
Enterprises of the digital era have been seeking to operate their business computations through the cloud as digital transformation’s expedition has started for most enterprises.
Many small and midsize enterprises have already transformed into intelligent enterprises, while large businesses with multiple ERP systems and other corporate applications are still in the process of transformation.
SAP RISE initiative offers you “business transformation as a service.” More than its basic ERP features, RISE with SAP is about ERP as a service powered by SAP S/4HANA, combined with other intelligent business services to create value. RISE with SAP’s strategy is designed to help you transition to an intelligent enterprise running on SAP S/4HANA Cloud, with access to SAP Business Network and services to meet your unique business requirements, including best practices, business process intelligence, and transformation program planning, and a range of industry-specific cloud-based solutions.
Future of the Automotive Industry with RISE
- EV manufacturing and adoption: Carmakers and suppliers are producing additional plug-in, hybrid, and fuel cell e-mobility, and also EV charging stations, batteries, and circular vehicle parts, to meet demands.
- Connected cars and advanced driver assistance systems: To entice modern consumers, carmakers can incorporate smart technologies such as LIDAR, ultrasound, and IoT sensors into their vehicles – and through a cloud-based vehicle to everything.
- Mobility as a service (MaaS) and shared mobility: Carpooling allows businesses to fulfill consumer desire for more value and convenience while also enabling sustainability.
- Resilient automotive supply chains: Automotive firms want real-time visibility from sophisticated analytics to build more robust supply chains and reduce global disruptions.
- Automotive digital retailing: Facilitating omnichannel vehicle sales and other services by combining e-commerce technology and CRM data to allow digital retailing choices such as contactless auto purchases and online dealerships.
RISE with SAP equips the automotive sector with established industry best practices, and uninterrupted, real-time analysis and transactions. It allows more efficient processes by streamlining the corporate processes and delivering critical industry features such as;
- Long-term product innovation
- Manufacturing and distribution
- Supply chain responsiveness
- Marketing, sales, and after-sales services
- Transportation and mobility that is smart
Time to look into innovations of RISE with SAP for the automotive industry ;
Innovations of RISE with SAP for the Automotive Industry
The automotive industry is undergoing a profound transformation, driven by the demand for electric vehicles (EVs), connected cars, shared mobility, and advanced driver assistance systems (ADAS). Here are some key innovations that RISE with SAP brings to the automotive industry:
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SAP Product Lifecycle Costing:
SAP Product Lifecycle Costing allows automotive companies to estimate and control costs early in the product lifecycle, ensuring profitability by accurately managing expenses. With this tool, manufacturers can simulate different cost scenarios, identify cost drivers, and make informed decisions to optimize production while maintaining quality.
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SAP Digital Manufacturing Cloud:
To meet the demands of mass customization and high-efficiency production, the automotive industry must harness the power of smart manufacturing. SAP Digital Manufacturing Cloud integrates Manufacturing Execution Systems (MES) with advanced analytics, providing real-time visibility into shop floor operations. This allows manufacturers to monitor production, detect bottlenecks, and increase productivity through data-driven decision-making.
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SAP Digital Vehicle Hub:
As automotive companies move towards Mobility as a Service (MaaS) and connected vehicle ecosystems, SAP Digital Vehicle Hub serves as a central repository for managing vehicle data. It enables the management of all relevant information related to vehicles throughout their lifecycle, from production to disposal. This tool supports new business models like shared mobility, fleet management, and connected car services, allowing manufacturers and service providers to offer innovative customer experiences and services while maintaining a high level of operational efficiency.
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SAP Returnable Packaging Management:
In a globalized automotive supply chain, the management of returnable packaging such as crates, containers, and pallets are essential for reducing waste and improving logistics efficiency. SAP Returnable Packaging Management helps companies track and manage the movement of reusable packaging materials within the supply chain. This ensures optimal utilization of resources, reduces packaging costs, and supports sustainability initiatives by minimizing waste and enhancing reverse logistics processes.
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SAP Self-Billing Cockpit:
Automating billing processes is essential for improving operational efficiency and ensuring timely payments across the automotive supply chain. SAP Self-Billing Cockpit enables the automation of self-billing operations, allowing manufacturers and suppliers to streamline their invoicing procedures. This not only reduces administrative overhead but also improves accuracy, speeds up payment cycles, and enhances supplier relationships by minimizing discrepancies in billing.
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SAP Supplier Problem-Solving:
SAP Supplier Problem-Solving provides a platform for manufacturers to engage in structured problem-solving processes with their suppliers. This fosters closer collaboration, ensures timely resolution of supply chain issues, and improves overall quality. By integrating external vendors into the problem-solving loop, companies can enhance supply chain resilience and reduce the risk of disruptions.
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SAP E-Mobility:
As the world shifts towards electrification, automotive companies need robust solutions to support electric vehicle (EV) infrastructure. SAP E-Mobility provides cloud-based solutions that allows companies to build, monitor, and operate EV charging networks. From managing charging stations to monitoring energy consumption and customer interactions, SAP E-Mobility offers end-to-end capabilities for companies involved in the EV ecosystem.
RISE with SAP Value Proposition for Automotive Companies
- Increase your profit margins by using industry-specific processes and best practices.
- Intelligent automation across all mission-critical activities can help you achieve new levels of efficiency.
- Prioritize optimization possibilities by analyzing processes, activities, and tasks in real-time.
- Improve process performance with real-world data, best practices, and industry benchmarking.
- Accelerate your success by getting personalized advice on how to use AI to automate business procedures.
- With solutions for every business and regulatory necessity, you can go to the cloud without compromising.
To sum up, RISE with SAP can accelerate the pace of digital transformation and your transition to green energy, optimize the environmental impact, increase asset utilization, reduce wastes, build sustainable products, and increase compliance.
Own your tomorrow with a guided journey and outcome-driven practices of RISE with SAP. To know more about the industry-specific solution, partner with KaarTech to leverage the full potential of RISE with SAP and drive your automotive business into the future, do get in touch with us!
FAQ’s
1. How RISE with SAP helps automotive industry?
RISE with SAP is a cloud-based platform that helps manufacturers digitally transform, optimizing supply chains, product lifecycle management, and customer experiences using intelligent technologies.
2. How does RISE with SAP benefit automotive companies?
RISE with SAP enables companies to create intelligent products, build smart factories, automate billing, and improve collaboration with suppliers, enhancing efficiency and profitability.
3. What innovations does RISE with SAP bring to the automotive sector?
Key innovations include SAP Digital Manufacturing Cloud, Digital Vehicle Hub, Returnable Packaging Management, and E-Mobility solutions to support electric vehicles and connected services.
4. How does SAP E-Mobility support the automotive industry?
SAP E-Mobility provides end-to-end solutions for building, managing, and monitoring EV charging networks, supporting the shift towards electrification and sustainable transportation.