In the retail industry, businesses recognise the need to become more effective when it comes to leveraging their retail store infrastructure and local inventory presence. E-commerce will continue to grow, so the integration of multiple order channels will provide retailers with a way to successfully challenge their pure e-commerce competition.
One of the biggest cost challenges: continuously increasing shipping costs (think of small parcel shipments) and transaction costs (think of returned goods). The market expects to see revised pricing and merchandising strategies to account for these fully-loaded burdened costs.
SAP addresses these challenges with the new SAP S/4HANA 1610 release. SAP S/4HANA offers functionality to solve upcoming market needs immediately and professionally with an intelligent and user-friendly retail solution. Combined with Real-Time Inventory, the solution helps your company decrease costs for overstocking or being out of stock, and also helps increase sales due to better understanding of your customers’ behavior.
The new SAP S/4HANA 1610 release allows organisations to meet specific retail industry needs in the digital economy. Retail Merchandise Management has been completely re-architected to take advantage of SAP HANA, and it is now also available for customers in other industries who have retail operations.
What do businesses expect from a modern retail solution: It should be so flexible that consumers can personalise their product in a website or mobile device, and instantaneously receive a confirmation with a delivery date. This means that the business applications must verify in real-time material availability, plant capacity, performance and availability, machine parameters, distribution channels, distribution capacity, product specifications, etc. Only then the consumer can receive a confirmation with an accurate delivery time. This is possible with SAP S/4HANA.
SAP S/4HANA lets your business with all core processes run in real-time for fundamentally higher performance. Innovation highlights for retail businesses, available with the latest SAP S/4HANA release, include:
Neil ran his first SAP transformation programme in his early twenties. He spent the next 18 years working both client side and for various consultancies running numerous SAP programmes. After successfully completing over 15 full lifecycles he took a senior leadership/board position and his work moved onto creating the same success for others.