Many favorable factors such as the commercial use of 5G and the rise of smart products have made the consumer electronics industry full of imagination. However, the sudden COVID-19 epidemic has cast a shadow on the beginning of the consumer electronics industry's glorious era.

For the consumer electronics industry, under this situation, building the "internal strength" of corporate management and opening up the "meridians" of the supply chain have become the most important issues on the fast track of digitalization. With the increasing popularity of cloud application models, the maturity of technologies such as AI and algorithms has provided a high-speed way for enterprises to gain wisdom from the cloud, quickly respond to new forms, and achieve smart enterprises. Today, the editor of Gongbo will share with you how SAP Cloud ERP can help the consumer electronics industry create a smart supply chain under this situation.

What kind of supply chain management does the consumer electronics industry need?

For the consumer electronics industry, a flexible and efficient supply chain is a necessary factor for its success. Therefore, comprehensive and feasible supply chain management is essential:

Integrated supply system: It requires good collaborative interaction with suppliers, and through collaboration, forecasting and planning can be achieved to achieve early cost control.

Design to operation: There must be good interaction between design, operation and R&D, and various factors such as efficiency, cost, consumer demand, etc. need to be taken into consideration during the R&D process.

Global visibility: Global visibility is the core key element, and it is necessary to create a more transparent and interconnected supply chain system;

Digital platform: Digitalization is the foundation for enterprises to achieve intelligent transformation. By building a digital platform and leveraging data empowerment, we can improve the industrial value chain and achieve innovation and expansion in the consumer electronics industry.

How does SAP help the consumer electronics industry build a smart supply chain?

At present, the digital transformation of enterprises has already been surging, and S/4HANA Cloud intelligent ERP, as a new generation of digital core suite, helps the consumer electronics industry create smart supply chains and achieve digital transformation.

For supply chain planners, it is always necessary to spend time weighing the purchase time and purchase quantity: if you want the supplier to deliver quickly and at a low price, buy more. But buying more can easily lead to inventory backlogs and unreasonable occupation of funds; if you need to buy less and deliver on time, suppliers are likely to raise prices.

In response to this situation, SAP intelligent ERP S/4HANA Cloud introduces an artificial intelligence suggestion and evaluation system. For existing or potential material shortages, the system can make comprehensive predictions through the analysis of historical data and real-time external data, and give different processing suggestions and related evaluations.

In addition, for many factors that the supply side needs to consider, such as transportation routes, transportation batches, and delivery times, S/4HANA Cloud can comprehensively consider historical data, proactively issue warnings and recommend adjustments, thereby reducing the risk of delayed delivery and realizing the supply chain efficient operation.

SAP S/4HANA Cloud helps enterprises integrate all business processes and make data-driven decisions with AI-driven predictive analytics. At the same time, use machine learning to improve automation, operational efficiency and flexibility. With this digital cloud suite, enterprises can reduce the cost of migrating core business processes, deploy faster, accelerate innovation, and quickly realize business value to build an intelligent enterprise.

• supply chain
• cloud application
• consumer electronics industry
• by Aimee
• Mar 25,2024
• Topics
• 4

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