With every passing day, the business environment becomes more unpredictable. Supply chain disruptions, price spikes for energy, shortages in essentials such as chips and shipping containers – for chemical companies, this volatility is compounded by factors beyond their control.

 

The best defense is a good offense: devising a leadership strategy as a bulwark against instability. That begins with building a reliable business foundation to run end-to-end processes efficiently and mitigate risk to the greatest extent. This is the foundation that will enable chemical manufacturers to create a brand-building strategy focused on the customer experience. And it will enable companies to compete in areas that customers care about, such as environmental sustainability, energy efficiency, and workplace safety.

 

Sales growth today demands that chemical companies reimagine their approach to meet today’s expectations for a seamless, personalized, digital experience for all stakeholders. Those who will come out ahead are creating new business models, making technology investments, and embracing cloud computing for fast innovation.

 

Supporting Reimagined Business Models with Co-Innovation

 

SAP has supported the chemical industry for almost five decades, providing fundamental solutions supporting integrated business processes from technology research and product launch to distribution network analysis. In short, SAP solutions focus on helping chemical companies manage intelligent processes in a digital world.

 

Now, SAP’s industry cloud is opening the doors for a new level of co-innovation with customers and partners, enabling next practices and new business models that can help you capture opportunities and take the next step toward becoming an Intelligent Enterprise. Launched in 2020 and building momentum ever since, industry cloud is essentially an innovation space where customers and partners are building and integrating cloud solutions to address specific industry needs. With SAP Business Technology Platform as the foundation, the solutions work with and extend our intelligent suite and business network solutions. This makes for smoother processes and simplified IT.

 

Addressing Specific Challenges in Chemicals with SAP and Partner Solutions

 

A wide range of industry cloud solutions from SAP and partners are available on SAP Store, where you can try, buy, and be up and running faster than ever before possible. And you can be confident in partner solutions that are rigorously validated by SAP for quality and interoperability, with a similar look and feel for usability and fast adoption. Here are just a few examples of industry cloud solutions for chemicals that you can find on SAP Store.

 

Optimized Dynamic Pricing by Price f(x). This SAP Endorsed App is a tailored solution that allows businesses to respond quickly to fast-changing market conditions. Through integration with the SAP CPQ and SAP Commerce Cloud solutions, it calculates prices in real time, based on a predefined set of business rules and price-optimization algorithms using machine learning techniques. Customers have reported up to 96% reduced quote time.

 

Paradox Olivia. This conversational AI assistant automates tasks, including candidate screening, interview scheduling, and responding to candidate questions with simple, fast mobile text or chat. Developed through the SAP.iO Foundries program, the app integrates with SAP SuccessFactors solutions and supports more than 100 countries and more than 30 languages – and helps you decrease time to hire and boost conversion rates.

 

TrendMiner by Software AG. Analytics is essential to support process and asset experts. TrendMiner’s self-service advanced analytics enable these experts to develop a deeper understanding of processes to improve plant performance. They can find relevant data to identify trends and create actionable information to solve production issues and monitor processes and assets in real time.

 

Carbon Footprint Data for Chemicals and Plastics by Carbon Minds. This solution helps chemical companies assess, monitor, and reduce the environmental impacts of chemicals and plastics. Long at the forefront of environmental responsibility, chemical manufacturers can take it a step further with Carbon Minds to identify emissions hot spots in the supply chain and determine the most cost-efficient way to meet targets for mitigating the effects of global warming.

 

Mediafly Sales Enablement & Content Management Platform. This mobile sales enablement tool lets reps quickly create their own customized presentations, pulling in new content on the fly in response to the person’s interests. An SAP Endorsed App that integrates with SAP Sales Cloud and SAP Service Cloud, it features a mobile-first, intuitive design that also makes it easy to generate data visualizations.

 

You can find the full list of industry cloud solutions for chemicals from SAP and our partners on SAP Store here, many available for a demo or free trial.