Since last few years, the industry
focus is on optimization initiatives. It was outcome of a thought
process post slow down few years back. So the questions that head
honchos really asking was - I want to cut down the cost - but other than
the employee layoffs, what are other areas that I should be looking at ?
Where Do I spend more ? Who is spending ? Why ? Are there alternatives
to get the same things cheaper? And all these questions lead to Business
intelligence Dashboards. So finally BI come to an age, entered the
drawing board of C level Executives and they started looking at it
seriously.
So
the Enterprise Performance Management - the new Avatar of Business
Intelligence Dashboards - is what everybody is talking about. It all
started with the financial things, as that was a priority number one -
save money. Identify opportunities for potential savings. So Spend
Performance Management is now a serious solution customer looks at.
What's
the next thing industry will now look at - I think it will be
Sustainability Performance Management. Lot of research reports in 2012 -
suggested that CEOs thinking of sustainability as a strategic
initiative rather than mere operational or CSR kind. One study
concluded that "96 % of CEOs believe Sustainability should be integrated
into the strategy and operations of a company - up from 72 % in 2007 ".
What are the change drivers ?
The SAP Solution Map covers broad range of solution areas -
As
we enter into the new year 2013 - I think SAP will have multi
dimensional success in sustainability domain due to its dual strategy -
Being a leader by example. SAPs own sustainability initiative
internally will brand itself as a exemplar. On the other hand, with its
innovative solutions starting from SuPM will make it Enabler for the
larger industry.
We will surely follow on this topic more in coming time.
Thanks
Prashant Mendki
Original post on SAP Website - http://scn.sap.com/community/epm/blog/2012/12/31/sustainability-performance-management--next-big-thing-in-epm
- Sustainable Business Model - Secure business success
- Resource Productivity - Decrease dependance from energy and natural resources
- Advantage in Competition - Foster branding, Enhance product portfolio by sustainable products
- Cost & Risk of compliance - Automation of compliance
Prashant Mendki
Original post on SAP Website - http://scn.sap.com/community/epm/blog/2012/12/31/sustainability-performance-management--next-big-thing-in-epm
Thank you for your post of performance management .I like it very much.
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