Transformation based on large-scale projects is inherently flawed.
Flexibility is more important than ever for businesses operating in the digital economy. That’s why traditional methods based on implementing large-scale technology projects no longer work.
Today’s challenges demand smaller projects that can spin up fast, with the flexibility to adapt to new priorities. When business conditions change, your business has the ability to pivot and refocus.
Why the Chemical Industry Needs a New Digital Strategy
Although most businesses had some type of digital transformation initiative in place before the pandemic, many found themselves unprepared to deal with rapid change. This fact became glaringly obvious in the current environment, shining a harsh light on processes and technology that need to be improved.
The future for chemical companies will depend on their ability to create innovative products and services derived from new business models. These new business models will range from simple after-sales offerings to complex outcome-as-a-service models. All of these new ways of doing business will require real-time data sharing and collaboration with customers on new platforms, supported by extended partner ecosystems.
Change Your Approach. Not Your Priorities.
itelligence consultants with deep knowledge of the chemical industry and SAP technical expertise work with your business to get a full understanding of your challenges, threats and opportunities. This analysis is used to identify your best opportunities to benefit the business, and a preliminary roadmap is created and prioritized to address the most urgent needs first.
Here’s how it works:
How Mature is Your Business?
itelligence offers an Industry Insight Discovery workshop that is designed to stack-rank your business against peers in the chemical industry. Based on this analysis, we provide recommendations for your business to address gaps and get your business on the technology curve. Output from the analysis includes:
- Presentation of your strategic roadmap
- KPI identification and solution benchmarking
- Positioning your business for optimization through leveraging SAP solutions
What Drives Value for the Chemical Industry?
We work with you to identify the key performance indicators (KPIs) that will drive the most value for your business, and develop a roadmap to achieve your goals. Our process includes the following:
- Assess your process maturity
- Benchmark against industry peers
- Build your business case
Here are some examples of value drivers for the chemical industry that we can explore:
Agility
- Improve on-time delivery performance
- Increase revenue growth with better product personalization
- Reduce days to close annual books
- Reduce onboarding time for field sales representatives
- Reduce time to create a configured quote
- Reduce time to market for new products
- Reduce time to steady-state production volume
Confidence
- Reduce audit cost
- Increase % of projects on time, budget and scope
Effectiveness
- Improve overall equipment effectiveness
- Improve sourcing savings on direct spend
- Improve sourcing savings on indirect spend
- Increase cash forecast accuracy
- Increase financial forecast accuracy
- Increase spend under management
- Optimize capital expenditure
- Reduce days in inventory
- Reduce revenue loss due to stock-outs
Efficiency
- Increase revenue from cross-sell/up-sell
- Reduce business and operations analysis/reporting cost
- Reduce engineering change cost
- Reduce inventory carrying cost
- Reduce manufacturing direct labor cost
- Reduce manufacturing overheads cost
- Reduce overall supply chain planning cost
- Reduce product compliance cost
- Reduce total logistics cost
- Reduce warehouse management cost
Experience
- Reduce customer churn
- Improve customer satisfaction
- Increase employee engagement
- Improve social collaboration and knowledge sharing
Let's build your roadmap, together.
Our Industry Solution Principals bring unique insights into the processes and requirements of your industry. We understand the dependencies, limitations and opportunities of todays’ and tomorrow’s technologies, and will bring the best of SAP’s industry innovations to add value for your business.
Together, we’ll build a roadmap designed to help you tackle your most urgent business challenges, with the flexibility to reprioritize as business conditions evolve. Here’s an example:
Ready to Get Started?
Let us know when you’re ready to explore building a dynamic roadmap tailored for your business.
We’ll take a deeper dive and build the best roadmap for your business, together.
Get in touch.