The automotive industry is fast-paced, dynamic, and constantly working on newer technologies. This dynamism has created various new ways to monetize the value proposition for the customers. Thus, there is a need to embrace change which can be effectively brought about by digital transformation. As the future unfolds, consumers will keep expecting better and improved experiences. This is true for the automotive sector as well. Thus, digitization could be the game changer for the industry to bring about improved customer experiences.
Every automotive industry has seen a significant shift in business practices as a result of digital disruption, and in order to remain competitive in the global market, they have begun converting to digital platforms. This intelligent ERP (RISE with SAP S/4HANA Public Cloud) is designed to transform automotive industries. It provide proven industry-specific best practices along with real-time analysis. The automotive industry’s strategic priorities include creating new business models and mobility services, creating a digital supply chain, engaging a changing workforce, prioritizing the customer, and developing innovative connected products.
Thus, businesses can use RISE with SAP S/4HANA Public Cloud to achieve their automotive industry priorities. The focus is on covering the entire digital transformation, beginning with the planning of digital innovation, incorporating those plans with industry best practices, and effectively utilizing resources for a variety of deployment purposes. The business process has been made easier with RISE with SAP S/4HANA Public Cloud, which also provides important industry capabilities like sustainable product innovation, manufacturing and logistics, a responsive supply chain, sales and after-sales, marketing, transportation, and smart mobility.
Today’s customers have high expectations from automobile companies in terms of digitization in most aspects, right from their purchase experience to product design to sales & marketing to after-sales. In the changing dynamics, it becomes imperative to bring digital transformation to the entire automotive process.
In this article, we will discuss the issue of “how.” What might be the best instrument to direct you to a digital technology transformation as an organization in the automotive business? RISE with SAP S/4HANA Public Cloud is, without a doubt, the solution. But before moving further, let’s list the challenges in the automotive industry’s digital transformation.
- Forecasting The Return on Investment
- Breaking Through the Resistance to Change
- Handling Security & Data Privacy
- Managing the Complexity of Change
RISE With SAP S/4HANA Public Cloud: The Solution Framework
RISE with SAP S/4HANA Public Cloud is the best digital transformation solution available as a package. Robust solutions, data, Artificial Intelligence, Machine Learning, and IoT ecosystems are built on this platform technology’s foundation for application integration. With RISE with SAP S/4HANA Public Cloud, automotive companies can operate as intelligent businesses with various methods for creating new business outcomes and business models. Thanks to RISE with SAP S/4HANA Public Cloud, the automotive industry’s digital transformation takes a new direction.
Here are a few key strategies on how RISE with SAP S/4HANA Public Cloud approaches the outcomes in an effort to pave the new path:
Customer Centricity
The goal of this strategy is to gain a fresh perspective on business opportunities by identifying the mobility requirements of each individual, family, or organization. Success in the digital age requires a solid understanding of the customer’s perspective and placing feedback at the center of every decision. These insights must be used to determine which products are made, how customers are treated, and which service options are available.
Companies will be provided with experience and customer data management through RISE with SAP S/4HANA Public Cloud to build ongoing customer relationships. These include:
- Unified customer experience
- Support for direct-to-customer sales model
- Automated and self-service customer journeys
- Automated and self-determined monitoring systems
- Flexible billing options
- Insights derived from customer sentiments and feedback across all touchpoints
- Support for mobility solutions such as subscription, pay-per-use, and many more
Connected Cars & Mobility Services
In light of digital transformation, automotive businesses need to be able to accommodate new mobility-as-a-service models. Using intelligent mobility and transformation solutions, RISE with SAP S/4HANA Public Cloud embraces change in the new automotive ecosystem. It improves the ordering, collection, and transportation of goods by integrating enterprise, customer, and vehicle telematics data. With RISE with SAP S/4HANA Public Cloud, the network of business partners shall provide bundled mobility services and shall apply the concept of the vehicle’s digital twin with the ability to offer additional services for connected cars. These include:
- Enabling new sales models and subscription services.
- Consolidating vehicle usage and experience data to provide insights into the overall mobility experience.
- The user has visibility and control of the data generated.
- Stakeholders can monetize collected vehicle data.
- Up-to-date information is available in real-time across brands and stakeholders.
- A central digital vehicle repository storing all vehicle data in the cloud supports collaborative business model design across stakeholders.
- Additional mobility business scenarios such as fleet management, charge point operations, and the digital vehicle repository enables parking services.
Sales & Marketing Planning
RISE with SAP S/4HANA Public Cloud makes it possible to give real-time insights. Based on real-time analytics, the new sales order system monitors and creates a prioritized list of outstanding sales orders. The sales manager can examine trends in order-to-cash performance with the assistance of the embedded analytics in RISE with SAP S/4HANA Public Cloud. New strategies for high volume, backorder processing, and confirmation of business priority are provided to the user by the advanced ATP. The foundational changes brought by embracing these actions brought a few advantages. Utilizing real-time contextual marketing, Omni channel sales, and billing solutions, RISE with SAP S/4HANA Public Cloud enables businesses to expand their market share and personalize customer engagement.
Digital Supply Chain & Smart Manufacturing
Accelerating innovation cycles require responsive, digital supply chains that use intelligent technologies to ensure rapid flows with high quality—resulting in productivity, flexibility, and new dimensions in customer service.
However, in current processes, growing model diversity increases complexity, and the traditional linear production on assembly lines is reaching its limits. Enabling modular manufacturing will be vital to producing heterogeneous products, providing a quick and flexible reaction to changing customer demand.
With RISE with SAP S/4HANA Public Cloud, the automotive industry should reach a new level of productivity by applying Industry 4.0 principles to enable modular manufacturing and resilient chain supply processes. These include:
- Adaptive and modular productions
- Track-and-trace capabilities for managing materials and work in progress in the warehouse
- Production supply with driverless transport systems
- Mitigation of supply network problems through detection analysis and situational planning
- Enablement of autonomous action and self-optimized adaptive manufacturing
- Automatic onboarding of machines and equipment to flexibly extend production capacity
Driving Sustainability
Car companies and other auto manufacturers with a focus on sustainable business performance will use this strategy to improve their competitive efficiencies, make it easier to comply with increasing regulations, keep their promises, and eventually adapt to and thrive in new business opportunities.
In addition, the automotive industry must transform, lead the decarbonization movement, create environmentally friendly electric vehicle products, and provide traceability while simultaneously increasing profitability and remaining competitive.
With RISE with SAP S/4HANA Public Cloud, automotive companies can work with recyclers to get the data they need to decide whether to recycle, reuse, or recover parts. All of this is to close the loop and eliminate waste and emissions. These include:
- Simplify collaboration
- Gain transparency on sustainably sourced and produced materials
- Share best practices across the product lifecycle
Join Hands with Vestrics Solutions and Start Your Digital Transformation Journey with RISE with SAP S/4HANA Public Cloud
To achieve manufacturing process agility, reduce business and technology risk, guarantee customer satisfaction, realize predictable and new revenue streams, and adopt sustainable best practices in the automotive industry, your company requires RISE with SAP S/4HANA Public Cloud.
We are considered one of the top SAP Gold Partners in India. We execute solutions across various industries and verticals and help upraise your business to the next level by delivering the most customized service. So, why are you still waiting? With RISE with SAP S/4HANA Public Cloud, you can immediately begin your journey toward digital transformation by reaching out to us at sales@vestrics.in or calling us at +91 99510 53333.
