The manufacturing industry is at a turning point. With global economic shifts, a volatile energy market, and rising uncertainty from crises and conflicts, companies must quickly adapt to thrive in the face of these challenges.
Despite short-term economic turbulence, industry leaders remain optimistic about future growth. The KPMG Global Manufacturing Prospects 2023 study shows that while many anticipate a temporary decline in profits, the majority are already focused on boosting productivity and solidifying their market position.
A critical component of this transformation lies in embracing new technologies. One of the most significant challenges facing manufacturers today is the transition to S/4HANA - an undertaking that impacts the entire organization while daily operations must continue without disruption; something which is particularly challenging in the manufacturing industry.
The 11 key insights for a holistic approach
Based on our extensive experience with transformation projects, we know that the switch to S/4HANA is far more than just an IT initiative. A holistic approach to the S/4HANA conversion is essential for success. With this in mind, we've identified 11 key topics, outlined below, that highlight the complexity of S/4HANA transformations in the manufacturing industry. These insights reveal the diverse opportunities that come with the conversion and what companies need to focus on throughout the process.
In this white paper, we explore the following 11 key topics that manufacturing companies must consider to successfully navigate this complex conversion:
- Brownfield vs. greenfield: Which approach is best for the transition to S/4HANA?
- Effects of the S/4HANA conversion on the IT landscape and the operating model
- Value case and board template - or: What opportunities does digitalization offer?
- Finance & Controlling: The importance of controlling in the S/4HANA conversion
- Product complexity and variance in the light of the S/4HANA conversion
- Predictive maintenance and service: From cost driver to savings factor
- Integrated planning as the goal of the S/4HANA conversion
- After Sales: The transformation from product to service business
- Master data management for the S/4HANA transformation
- Change management for S/4HANA projects in the manufacturing industry
- The S/4HANA conversion in the industry from a cyber security perspective
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