As a result of our involvement in the product development of S/4HANA for Fashion, we’ve received many questions and inquiries from executives in the apparel, footwear, and fashion industry.
To answer the first set of questions, we recently invited Dr. Christoph Schröder, Global Vice President, Industry Business Unit Retail from SAP to join us in an informative session, covering the top 10 most frequently asked questions on S/4HANA. Below, we’ve briefly answered three questions. For a more detailed understanding, be sure to check our on-demand webinar on "Frequently Asked Questions about SAP S/4HANA for Fashion and Vertical Business".
What are the significant business benefits of moving to SAP S/4HANA for fashion and vertical business? Especially for those who recently implemented a new ERP system?
In a word; simplification. The world of business, the fashion and lifestyle industry, in particular, has become an incredibly complex place to navigate. Companies are now looking to simplify their back-end processes. The greater the integration and harmonization of different channels fashion companies, the easier for fashion companies to transform and innovate their processes to remain competitive. S/4HANA, particularly for vertical fashion businesses brings a higher degree of synchronization across different areas of the business, helping brands achieve a level of streamlined simplicity to keep operating at the speed of fashion itself.
Is SAP S/4HANA for fashion and vertical business replacing SAP Fashion Management?
S/4HANA for Fashion and Vertical Business is a separate product and it does not replace SAP Fashion Management. That said, SAP Fashion Management is currently being used by over 120 customers around the world and SAP Fashion Management will continue to be supported until 2025. In terms of functionality, there are a couple of key differences between the two. To learn more about the difererences, sign up for our webinar.
If I'm a pure play fashion retailer, should I go with SAP S/4HANA for Retail or SAP S/4HANA for fashion and vertical business? What's the difference i.e. what additional functionality does the SAP S/4HANA for fashion and vertical business license offer?
The two solutions share foundational functionalities such as Master Data, Season Management, and Value Added Services. However, there are key differences between the two, other than the Manufacturing component. The most important differentiation is stock segmentation and supply assignment in SAP S/4HANA for Fashion and Vertical Business, which offers significant value.
Some of the other questions covered are listed below:
Is SAP S/4HANA for fashion and vertical business only relevant for fashion companies?
What are the key new functionalities that SAP S/4HANA for fashion and vertical business offers?
Which strategies or business models does SAP S/4HANA for fashion and vertical business enable?
What is the difference or are the key differences between SAP S/4HANA for fashion and vertical business and SAP Fashion Management?
SAP Fashion Management had tools provided by SAP to help migration. Are there similar tools to support the migration to SAP S/4HANA for Fashion and vertical business?
Can I migrate directly from SAP AFS to SAP S/4HANA for fashion and vertical business? And similarly from SAP Retail and SAP Fashion Management?
What's the difference between SAP S/4HANA Manufacturing vs. SAP S/4HANA for fashion and vertical business? If I am a fashion company with manufacturing operations, is SAP S/4HANA for fashion and vertical business suitable for me?