Streamlining their product portfolio saves SAP customers millions
NTT DATA Business Solutions AG, the globally successful SAP consultant for the SME sector, has entered into partnership with Soley GmbH, Munich. Soley, an SAP partner, offers software for the strategic optimization of complex product portfolios of manufacturing companies that integrate easily with SAP S/4HANA. Founded in 2015 as a spin-off from the Chair of Product Development at the Technical University of Munich (TUM), Soley GmbH already counts well-known German manufacturing companies among its customers today.
Soley developed a cloud-based Software-as-a-Service solution for Product Mining. This enables manufacturing companies to analyze their product portfolio in a systematic manner using pattern recognition – a part of Predictive Analytics – and derive measures from the results. The companies can thereby sustainably reduce the complexity of their product portfolio and of their value stream.
Component variety can be reduced by 50 percent
Many companies are facing the challenge of having to flexibly adapt their product range to market changes. The complex dependencies between the products and the value stream require in-depth expert knowledge to inform the decision-making. Soley digitizes this process. The solution guides users through a digitized decision-making process and provides prioritized suggestions that are based not only on cost-effectiveness but also on resilience, sustainability and flexibility.
A network analysis uncovers critical dependencies between components, products, suppliers, production, warehousing and customers. Thanks to the automated analysis, product portfolio maintenance becomes a cyclical process with Soley. Companies maintain their product portfolio using continually refined criteria, dispose of unnecessary ballast and focus on their core business. In the process, they can reduce component variety by up to 50 percent. Reference customer Viessmann, manufacturer of heating systems as well as climate control and cooling systems, is unlocking savings potential worth millions through this type of portfolio management.
“For our customers, automated product range maintenance is an additional component on their journey to become an Intelligent Enterprise,” reported Carsten Wendt, responsible for the Center of Excellence Advanced and Predictive Analytics at NTT DATA Business Solutions. “Through the use of strategic portfolio management, manufacturing companies make large savings and create space for innovation.”
Soley Managing Director Maximilian Kissel expects to gain access to a considerably wider market through this partnership: “Our Product Mining solution classifies product portfolios of any complexity on the basis of a digital twin into core business, strategic peripheral business and ballast, and identifies concrete optimization potential based on the results. In collaboration with NTT DATA Business Solutions, we guide companies along the path to an excellent portfolio.”
Soley is the leading SaaS company for product-centric management. Using innovative Product Mining technology, Soley is actively driving business transformation at globally leading manufacturing companies, offering them a totally new approach to sustainably boost the business success of their own organization via their product portfolio, perform optimum realization of potentials and identify risks long before they arise. Helping companies to be more agile, sustainable, resilient and successful in the long term. Learn more here: https://www.soley.io/.
About NTT DATA Business Solutions
NTT DATA Business Solutions designs, implements, manages, and continuously enhances SAP solutions to make them work for companies and their people. Aiming to help companies to transform, grow and become more successful, NTT DATA Business Solutions connects with a more than in-depth expertise for SAP solutions its clients´ business opportunities with the latest technologies – individually and across all business areas. As part of the NTT DATA group and as a global strategic partner of SAP, with close ties to other partners, NTT DATA Business Solutions gives clients and prospects access to innovative solutions and developments and thus makes an important contribution to innovation and long-term business success. NTT DATA Business Solutions employs more than 12,000 people in 31 countries.
About NTT DATA
NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, digital & IT modernization and managed services. NTT DATA enables them, as well as society, to move confidently into the digital future. We are committed to our clients’ long-term success and combine global reach with local client attention to serve them in over 50 countries around the globe. Visit us at nttdata.com.
Head of Corporate Communications
NTT DATA Business Solutions
33605 Bielefeld, Germany
T: +49 (0) 521/9 14 48-107
E-mail: [email protected]