SAP and Yuheng open home industry chain innovation

Recently, SAP (NYSE: SAP) and Shenzhen Qianhai Yuheng Industrial Chain Management Co., Ltd. (hereinafter referred to as “Yuheng”), a wholly-owned subsidiary of Yuheng Supply Chain Group Co., Ltd. (8047. HK), formally signed a cooperation agreement. Yuheng will use SAP Business Suite based on SAP HANA to build an “industry chain integration” and “integration of silver” information platform for the home industry industry chain, and create innovative practices for the integration of the entire industry chain in the home industry. The news was officially released on the SAP forum held in Shenzhen on October 22.

SAP and Yuheng open home industry chain innovation

Yuheng is a 5.0 nuclear power business model, focusing on the integration of the industrial chain of the home industry, providing its holding company and member units with integrated industry chain integration, business model re-engineering, and financial operation integrated platform services. As the business model involves the deep integration of business flow, logistics, information flow and capital flow among many enterprises, Yuheng needs a complete integrated information platform to integrate dynamic supply chain, finance and resource capital across companies and regions. Maximize synergies.

After careful investigation and selection, Yuheng finally chose SAP Business Suite based on SAP HANA, which integrates analysis processing and transaction processing into a single business platform, enabling real-time planning and execution of all end-to-end business processes. Reporting and analysis, for enterprises to achieve integration and transparent management from procurement, production organization, material procurement, sales, capital management and control, so as to quickly respond to changes in demand in the first time. Yuheng will also work closely with SAP to explore big data applications with SAP's complete big data solution to support the company's long-term sustainability.

Ji Bingmeng, president of SAP Greater China, said: “Yuheng, as a pioneer in the innovative business model of the domestic home furnishing industry, helps companies achieve transformation and upgrading through simplification and synergy. It is of reference to all industries. SAP very much agrees with Yuheng’s business philosophy. I am also very pleased to help Yuheng to build an information platform through SAP HANA-based SAP Business Suite, to support its innovative business model to create greater value, to simplify the enterprise and unlock its potential."

Grace Jin, the chief international consultant of Yuheng, said: “Under the current macroeconomic situation, enterprises affected by the real estate industry are facing huge competition and liquidity pressures. The goal of Yuheng is to pass Industry chain integration, optimizing capital resources and social resources, helping enterprises to reduce operating costs and liquidity risks. SAP and Yuheng intend to jointly develop and implement Yuheng's industrial chain integration platform and industrial chain solutions for integrated banking platforms. The cooperation with SAP will create an information platform to support the long-term development of the company, and also bring us insights and best practices in SAP's supply chain management, fund management and other fields. In addition, we value more, SAP Business Suite based on SAP HANA provides Yuheng with a complete data integration and analysis platform, which is the leader in big data applications and wins in the future."

The article was reported by Nankang Home Network.

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