Covestro - How Does the Maker of High-Tech Polymers Use One Source of Truth to Make the World More Sustainable?
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Covestro AG utilizes SAP's portfolio and project management application to transform its portfolio planning processes, allowing for real-time data integration and improved decision-making across over 9,000 global projects. This initiative has led to reduced maintenance costs, enhanced collaboration, and optimized resource allocation, ultimately maximizing business value. By centralizing project information, Covestro can prioritize projects aligned with corporate strategies and generate comprehensive reporting for faster outcomes.
Covestro - How Does the Maker of High-Tech Polymers Use One Source of Truth to Make the World More Sustainable?
- 1. PUBLIC Innovating thousands of products that contribute to efficiency, safety, and comfort Incorporated in everything from ultralightweight automotive parts to high-performance components used in healthcare, Covestro AG’s polyurethanes, polycarbonates, coatings, and adhesives are in use worldwide. Wanting to make more-informed project investment decisions and optimize resource allocation, Covestro drew up plans to transform its portfolio planning process. But to do so, it needed an integrated strategic portfolio planning solution, and it had to work with real-time data if it was going to improve the speed and impact of decision-making across the organization. How Does the Maker of High-Tech Polymers Use One Source of Truth to Make the World More Sustainable?
- 2. Using the SAP® Portfolio and Project Management application, Covestro AG transformed its portfolio planning processes, reduced maintenance costs, and was able to: • Introduce a centralized project repository to provide one source of truth, establish transparency, and enable real-time insight into project progress and cost performance across the business • Build stronger collaboration • Prioritize projects in line with corporate strategies and business goals • Gain insight into demand and capacity across the organization, helping Covestro optimize resource allocation and utilization • Generate comprehensive reporting on project performance based on live data for faster business outcomes • Maximize business value with aligned and realistic forecasting, enabling more-effective planning, execution, and monitoring Covestro is making faster, more-informed decisions to optimize resource allocation for over 9,000 global projects. “With SAP solutions, we have six independent business processes integrated into one IT tool helping us maximize quality, effectiveness, and efficiency.” Ingo Prellwitz, Global Process Owner PPM/PS, Covestro AG Covestro AG Leverkusen, Germany Industry Chemicals Employees 16,200 Revenue €14 billion Featured Solutions and Services SAP Portfolio and Project Management
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