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Price Optimization with SAP Predictive Analytics
Organizations do make use of the accessibility of a powerful optimization algorithm rather quickly as well as easily. SAP analytics have an important role to play in business operations and price optimization is indeed a major aspect of business growth and development. Input Data The focus is on the best price each of the respective products.The aspects taken into consideration are the product name (or SKU identifier), the current annual volume that has been sold and current existing price of the product as well as the current profit margin. Some of the products are indeed presently unprofitable (as per evidence by the negative profit margin), so management would like to re-set prices for next year to ensure that: 1.) No product has, in fact, a price increase or decrease of over 10% 2.) Any product that is rather currently unprofitable has a minimum price that would break-even for profit 3.) Overall, given the same volumes as this year, total revenue will increase by 2-4% Visualizations After importing the dataset one can build some of the basic visualizations in order to help understand the current product mix. The stacked bar charts to show how much revenue as well as profit each […]
Celebrating the achievements of 2017 and setting goals for 2018
No doubt much has been achieved in 2017 as far as SAP is concerned and for 2018, goals have been set-up to achieve further. A plan has been created in order to achieve the set targets. What is the process being used? Categorization of achievements into Personal and Professional type: 1. Sub-grouping: Separated work-related achievements from training and qualifications. 2. Rating of each respective achievement on certain scale. 1. Comparing the contributions with reference to a cause. 2. Attending few trainings, 3. Attaining additional qualifications 4. Bringing innovation. What else? 1. Goal: One has to decide as to what to achieve like for instance acquiring additional qualification. 2. Activities: One must get to know the pre-requisites as well as steps to reach to one’s target. 3. Time: One need to learn whatever is required to know and also plan the expenditure. Learn how much time is required for each step and how much one can spend. 4. Plan: Write the steps down, allocate time, update your calendar and to-do lists accordingly. 5. Control: One must adhere to a particular system and avoid postponing the activities. 6. Review: One has to monitor one’s progress over the weeks and months. SAP has […]
What does SAP S/4HANA version 1709 have to offer?
SAP has indeed released S/4HANA 1709 in September 2017, which happens to be its third release of S/4HANA core. The previous releases of 1511 and 1610 S/4HANA Enterprise Management had, of course, laid the building blocks e.g. core data-model changes, FIORI Analytical Applications; VDM’s starting of Integrated / Embedded Solutions. In the current release, SAP has no doubt added a few more pillars for digital transformation with IoT, Machine-Learning, Big Data Analytics apart from many others. What there is to know about SAP S/HANA? SAP S/4HANA has remarkably already reached a milestone of 1000 live customers and with each of the release, SAP is providing broader industry coverage and also goes to the platform for Digital Transformation. The core values in S/4HANA are still, of course, the same and untouched. S/4HANA is still outstanding in Real-Time Analytics, Simulation, and also being able to handle multiple dimensions simultaneously. Key Changes in the area of Finance SAP no doubt has had concrete plans to introduce a new soft close and prediction functionality that along with the financial closing cockpit does provide the ability to close the books making use of an abbreviated closing procedure. Key innovations in the SAP Logistics area SAP […]
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