S/4HANA Benefits for Biotech Companies Emerging from the Pandemic

SAP S/4HANA could be a highly impactful strategic integration for biotech companies struggling to adjust to new challenges resulting from the COVID-19 outbreak.  The Covid-19 pandemic has drastically changed demand for certain products, placing high expectations on the supply chain and logistics. Whether a company is trying to develop a vaccine or producing vital life supporting drugs and equipment, this impact can be enormous.

Leading experts recommend even in uncertain times to invest in tools like SAP S/4HANA to help your organization be more flexible, better equipped to handle challenges, and guarded from further negative impacts in the future.  The biotech businesses that were best prepared for the during the COVID-19 pandemic already had systems and processes in place that made them capable of adjusting efficiently.  Our sister company Clarkston Consulting has written a comprehensive article which can be found on their recent industry insight.  We have summarized this article below.  Contact us to engage with an SME to help optimize your system to be better equipped to handle today’s uncertain times. Visit our Book A Project page to learn more for your specific needs, SAP or otherwise.

Implementing Improved Organizational Agility with SAP S/4HANA Benefits

By now, everyone is aware that SAP S/4HANA is a robust ERP system and platform, where formal risk management methodology is part of the operating model. It provides supply chain visibility and uses an in-memory database to provide major advantages, such as flexible queries and predictive modeling.

SAP Integrated Business Planning solution (SAP IBP) enables fast responses to the market using real-time information, allowing business analysts to respond quickly to key metrics like stock levels and sales. S/4HANA is powered by in-memory computing technology, which gives analysts the ability to specify more granular level information (e.g. geographic regions, by month, etc.) without having to run a separate report.

With the Embedded Analytics and Machine Learning features, your sales teams don’t need to spend hours each week comparing forecasts against actual performance.  The system can forecast and predict the probability that the targets can be met, as well as proposing follow-up actions if not met.

Other benefits of SAP S/4HANA include administrative and management centralization, cost effectiveness, and improved performance. With ease of use through an intuitive front-end along with the ability to report and analyze “live data,” S/4HANA can help resolve many issues faced by biotech companies.

For more details on S/4 HANA Benefits: What Biotech Companies Can Learn from the COVID-19 Pandemic, please see the full article written by our sister company, Clarkston Consulting at https://clarkstonconsulting.com/insights/s-4hana-benefits-what-biotech-companies-can-learn-from-the-covid-19-pandemic/?utm_content=129031341&utm_medium=social&utm_source=linkedin&hss_channel=lcp-8756

Regardless of where you are at in your SAP and enterprise systems journey, we want you to know that BCTG is here to help. Whether that be through leveraging our network of technical and functional consultants, or through simply having a human conversation, we welcome the opportunity to become an extension of your team.  Please call us to help with your S/4 Hana staffing needs.