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SAP Unveils AI-Driven Supply-Chain Innovations to Transform ManufacturingHANNOVER, Germany, April 22, 2024 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced AI advancements in its supply chain solutions that will unleash a transformative wave of productivity, efficiency and precision in manufacturing. AI-driven insights from real-time data will help companies use their own data to make better decisions across supply chains, streamline product development and improve manufacturing efficiency. "Businesses today are confronted with challenges ranging from supply chain disruptions and labor shortages to geopolitical uncertainties," said Muhammad Alam, member of the Executive Board of SAP SE, SAP Product Engineering. "SAP recognizes the imperative for agility and intelligence, driving innovation with AI-powered solutions to streamline supply chain and manufacturing processes. Companies can enhance operational efficiency and improve supply chain resiliency while delighting customers with superior service, paving the way for sustained growth and market competitiveness." Accurate and relevant real-time information helps mitigate the impact that supply-chain disruptions have on suppliers, manufacturers and distributors worldwide. SMA Solar Technology AG and other customers have already witnessed the benefits of SAP's solutions, including an approximately 15% increase in supply chain workforce productivity, a 10% decrease in overall supply chain planning costs and a 10% reduction in inventory carrying costs and stock turnover rate. "SMA Solar modernizes its manufacturing execution systems to support sustainable, risk-resilient manufacturing operations with the power of AI-enabled visual inspection in the SAP Digital Manufacturing solution," said Heiko Kehm, SMA Solar head of IT Order to Cash. Sixty-three percent of supply chain executives and 52% of operations executives have an AI strategy linked to business objectives, according to "The Importance of AI in Supply Chain and Operations," a global 2024 IDC InfoBrief sponsored by SAP*. Fifty-one percent of the 2,000 survey respondents are embedding AI into supply chain planning business processes and key applications for real-time decision-making. Anoher 58% are using AI to increase operational efficiency and employee productivity. Key improvements to SAP's supply chain solutions to support customers' AI-centric strategy include:
Find more details about the innovations SAP will show at Hannover Messe here. Visit the SAP News Center. Follow SAP at @SAPNews. *IDC InfoBrief, sponsored by SAP, The Importance of AI in Supply Chain and Operations, document #US52042224, April 2024. About SAP This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2023 Annual Report on Form 20-F. © 2024 SAP SE. All rights reserved. For customers interested in learning more about SAP products: Please consider our privacy policy. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact [email protected] and write Unsubscribe in the subject line.
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