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Price Optimization with SAP Predictive Analytics
20 April 2018
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 […]
Why HANA is the right Platform for Applications in the Cloud ?
30 April 2018
HANA is considered to be an ideal platform for applications in the cloud. It consists of certain unique features and is a good choice for software service. This also applies to SERP on HEC, which are the business network applications, the customer as well as partner applications on HCP as well as many new services from the startups. Applications are offered as a service promise on an instant availability, easy configuration, elasticity that grows from 5 to 500 users, continuous improvement, and connectivity too many other cloud services, guaranteed service level, a hassle-free operation at the lower costs. The service provider has to cope up with these challenges by building the applications in the right way that really focus on ease of its use, choosing the hardware and the system software carefully, keeping the above-mentioned goals in mind. The services in the respective SAP Cloud also vary from marketplace (business network) applications such as ARIBA, Fieldglass, and Concur to enterprise-specific applications like SERP, B1, BYD or even Success Factors. The given underlying database has to in fact handle the large data sets and many smaller ones at a low cost and rather good performance. HANA is accepted as an in-memory […]
How to start SAP business workflow?
14 April 2018
A business process can consist of several steps. Historically, one observes that the tasks have been coordinated manually or by some informal means of communication (sticky note, e-mail, shouting, and so forth).The common problem in these approaches is: Inefficiency Each lack of a way to trace where a task is Who executed (or is executing it) How much time it requires. In contrast, the workflow does ensure that the right work is sent to the right person at the right time in the right sequence with the right information. Workflow is a tool for automization of business processes Not tied up to of course any particular application Operates uniformly across the applications Coordinate all participating tasks Provide users with active support Deadline Management is possible Workflows are very useful for business processes that: Contain a sequence of activities. Reoccur in the same or similar forms. Involves several people or groups of people. Require considerable coordination. What are the layers in Workflow Architecture? There are 3 layers in the Workflow Architecture: Business Object Business Process Organization Model How Process, Business Logic and People are linked in Workflows? The business processes are indeed defined in Workflow builder. Each as well as every […]
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