Innovation requires data and flexible tools for understanding market dynamics, experimenting, and adjusting product offerings. A modern enterprise resource planning solution (ERP) serves as the foundation for this innovation, and industry solutions from SAP make it easy for organizations both to adopt this foundation and fully utilize it.
An ERP, of course, is company-wide backend software that encompasses all applications and processes within a company and both stores and connects business data with analytics engines and other systems. A good ERP solution empowers a business and provides a flexible systems foundation for innovation.
Industry solutions from SAP are tailored ERP packages and applications built for specific industries that come with all an organization needs for its given line of business. This saves time rolling out the system and configuring it for the needs of a business, and it helps an organization start with industry best practices and functionality so a business can innovate on top of industry standards.
Some examples of industry solutions from SAP include:
- SAP S/4HANA Manufacturing, which enables smart factories, predictive maintenance, and efficient supply chain management.
- SAP Omnichannel Commerce, which helps retailers integrate physical and digital retail experiences.
- SAP for Consumer Products, which combines manufacturing, distribution, and sales applications configured for consumer packaged goods firms that sell B2B, B2C, and direct to consumer.
- SAP for Research Management, which enables clinical trials and the regulatory approval process, supply chain and formulation management, and go-to-market tools for scaling to production.
There are industry solutions for many lines of business, including consumer products, retail, industrial products, professional services, manufacturing, distribution, and supply chain management, among others.
These industry solutions from SAP are built on top of the SAP Business Suite platform, which combines the public cloud version of SAP’s market-leading S/4HANA ERP, the SAP Business Technology Platform marketplace for add-on functionality and easy integrations, a large ecosystem of SAP partners that can help with support, and tools such as the drag-and-drop SAP Build development environment for easy customization.
SAP S4HANA Cloud Public Edition serves as a highly flexible backend solution for innovation, while the industry solutions from SAP, such as its Consumer Products Package and its Research Management Package, help a business get started using the system quickly and without implementation headaches or unneeded costs.
Driving Innovation with Industry Solutions from SAP
There are many ways that industry solutions from SAP and the GROW implementation journey support business innovation.
Data-Driven Decision-Making
SAP solutions are built from the ground up to leverage big data and analytics, which help explore and uncover market opportunities and innovation potential.
With the SAP Analytics Cloud, businesses can mix data from different sources and generate insights in real time, which leads to smarter decision-making and faster innovation. The SAP Joule copilot helps businesses analyze and act upon business data using any of the major artificial intelligence engines, such as GPT, Llama, Gemini, or Claude. And predictive insights baked into the solution make it easy to uncover innovation opportunities at all levels of operations.
Smart Automation
The future is automated, and industry solutions from SAP help businesses improve processes and develop new products with deep levels of workflow automation, robotic process automation, and AI-driven automation support.
Even businesses late to digital transformation can innovate with smart automation, the Internet of Things, and real-time visibility when they have the SAP Business Suite in place as an ERP backend. The cloud foundation of industry solutions from SAP makes it possible for businesses to connect anything and then intelligently automate it.
Flexibility for Adopting New Models
Because industry solutions from SAP are built on top of the SAP S/4HANA Cloud Public Edition platform, a flexible, cloud-based ERP solution, businesses can innovate with new business models without the constraints of legacy systems.
Freed from technological limitations and able to leverage both application modules built into the system and third-party add-ons from the Business Technology Platform, organizations can experiment with new business models such as commerce anywhere and IoT more easily. This greater agility and flexibility helps encourage and support company innovation both today and as the business evolves.
Ecosystem Innovation
In addition to supporting direct innovation, SAP GROW also lets businesses tap into community innovation developed elsewhere in the SAP community.
With the Business Technology platform, SAP fosters open innovation within the external developer community. Organizations can quickly adopt and leverage these innovations through the platform and combine them with internal innovation for entirely new use cases and product solutions.
Rediscover SAP
SAP literally invented ERP, but it has evolved and innovated a lot over the past few years. Discover today’s SAP and see how its industry solutions can help drive growth and innovation at your organization.
Learn more by contacting one of our experienced ERP consultants at (801) 642-0123 or writing us at info@nbs-us.com.
