Chemical industry is a cost and profitability challenged industry. Current macroeconomic uncertainties, geopolitical risks, commodization, increasing competition, Sustainability and regulatory compliance requirements are impacting the industry in its pursuit towards profitable and sustainable operations. In this complex and ever-evolving operating environment chemical enterprises face multifaceted challenges to digitize and automate its (industry specific) complex business processes. These challenges and requirements can include following: Cover Industry specific requirements (like in Manufacturing, Quality Management, Regulatory compliance) Implement Standardized Business Processes (modelled on Industry Best Practices) Manage Interfaces / connectivity to multiple systems and solutions to minimize Integration Costs Support Organization growth and expansion into new markets, regions Assimilate acquired entities and prepare for divestures Achieve Operational Processes visibility and analysis Digitize operations with limited resources and at lower TCO Manage and mitigate (implementation) Projects risk and cost overrun Utilize Intelligent Technologies like AI in Business Processes To overcome these challenges and requirements, Chemical enterprises need to build Future Proof organizations which will be capable to cover today’s business needs and build for tomorrow to prepare them to take advantage of improved market conditions (in future). GROW with SAP offering lays down path to build a Future-proof Chemical Enterprise. It is a complete offering of solutions, best practices, adoption acceleration services, community and learning to help customers adopt Cloud ERP (S/4HANA Cloud Public Edition) with speed, predictability, and continuous innovation. S/4HANA Cloud Public Edition is a ready to run Cloud ERP which delivers latest Industry Best Practices (via scope items). It through its coverage of Industry specific capabilities (like Product Compliance, Process Manufacturing etc.) helps to improve operational efficiency and provide necessary flexibility needed to be successful in highly demanding Industry. I welcome you to check out Expert Talk (Leveraging S/4HANA Cloud Public Edition for the Intelligent, Sustainable Chemical Industry), where I along with my fellow colleagues Stefanie Nix, Peer Laslo, and Brandon Kima discuss about how SAP S/4HANA Cloud Public Edition equips chemical enterprises to tackle industry complexities and execute efficient, intelligent, and sustainable operations. I look forward to your comments and discussions on positioning S/4HANA Cloud Public Edition in Chemical Industry as the “Cloud ERP”.
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