Expanding Exports with SAP Business One HANA
The PHD Chamber of Commerce and Industry reports- “India’s Exports Likely to Touch USD 1000 Billion by 2024-2025”
India’s metal export industry has always been at the forefront of the global landscape. With a rich supply of metals like Aluminum, Copper, Lead, Zinc, and others, trading businesses need to ensure their readiness to become beneficiaries in this fortune-filled future. This business readiness is made possible with a smart ERP solution, SAP Business One HANA.
Hurdles in the Indian Metal Trading Industry:
1. Volatile Supply Chain: There is extreme volatility in supply chain operations for metal trading businesses. The availability of raw materials, production, and shipping are a few areas that demand attention. Disruptions in any link can break the delicate necklace of the trading industry, adversely impacting the customer.
2. Financial Fluctuations: Businesses love to function on a positive cash flow. The metal trading industry is fraught with landmines of geopolitics, currency exchange rates, and global demand that call for a cautious approach. Businesses must ensure their costs are kept in check to sail safely through this field of landmines.
3. Regulatory Compliances: Businesses need to be aware of the changing domestic and international regulations in the countries they are trading in. One misstep is enough to land the business in a legal soup of fines, shipment delays, or even a ban.
SAP Business One HANA Solution for the Metal Trading Industry:
1. Supply Chain Management (SCM): SAP Business One HANA understands the criticalness of having a reliable & efficient supply chain. It brings traceability & real-time updates that enable businesses to stabilize this volatile operational area. Operations can be automated to save up on resources and bottlenecks can be discovered to be acted upon swiftly.
2. Compliance: SAP Business One HANA simplifies complex compliance to enable businesses to navigate effortlessly through trade documentation, contracts, filings, and other sundry instruments. The centralized database can offer the utmost convenience for tracking compliance across regions and offering the surety of water-tight compliance.
3. Cost Savings: A strong financial standing is possible with SAP Business One HANA. It comes with tools that enable metal trading businesses to maintain optimum inventory levels. This prevents capital lockup due to overstocking. Similarly, it can help businesses determine an ideal supplier and logistics solutions with the aim of savings maximization.
Case Study: Expanded Capacity & Increased Exports!
An exporter of raw materials for the sectors including Electrical and Transmission industry, Construction and Automobile industry, Defense industry, and base metals faced a multi-layered challenge.
i) Managing multiple companies at different locations was cumbersome
ii) Manual interventions were required at every stage and processes
iii) Existing systems lacked coordinated processes
iv) Limited Financial Management
They approached the renowned SAP Business One Partner in Mumbai – SoftCore Solutions (SCS) to help them with an ERP solution. SCS swiftly deployed the robust SAP Business One HANA ERP understanding the client’s requirements. It transformed the business radically by,
i) SAP B1 HANA brought real-time reports, automated approval process, and centralized data management leading to high operational efficiency.
ii) Streamlined processes and seamless coordination between sales, controlled purchases, organized inventory, and financials have speeded deliveries and lowered costs.
iii) With better cost management and finances in place at key stages of sales & purchase, output has increased and controlled the Inventory losses.
The client was pleased to report – “SAP Business One streamlined all the processes and removed the bottlenecks leading to higher efficiency and productivity. SoftCore Solutions is a true and committed business partner.”
Closing Thoughts:
SAP Business One HANA is a capable ERP solution aimed at revolutionizing businesses in trading. It comes with a host of features and is customizable to suit not just trading businesses but others too across the industries. True in the sense, that SAP Business One for Everyone!
SoftCore Solutions – SAP Business One Gold Partner in India has been guiding businesses to reach their peak potential with potent SAP Business One HANA ERP solutions. Their strong 20+ years of SAP experience across 10+ countries and 16+ industry verticals brings unmatched expertise in providing SAP B1 HANA solutions tailored to business demands. Our commitment is to offer you the best SAP Business One HANA solutions aimed at simplification of business for maximum growth. Talk to our team to experience a live demonstration of SAP Business One HANA for your business.