SAP introduced a multi-year partnership with the Mercedes-AMG Petronas F1 Team beginning in 2024. As the Official Team Partner, SAP is teaming up with the Mercedes-AMG Petronas F1 Team to speed up operational effectivity and unlock new information insights to ship efficiency beneficial properties. SAP S/4HANA Cloud, non-public version, serves because the expertise basis for the group, enabling them to discover how synthetic intelligence (AI) and cloud options from SAP can inform and predict selections, optimize sources, and future-proof their IT infrastructure.
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Efficiency is the cornerstone of success in Formula One. Therefore, mastering the associated fee cap problem and optimizing the group’s advanced provide chain are two focus areas for this partnership. Formula One’s value cap restricts how a lot groups can spend every season, with extreme penalties if exceeded. The Mercedes-AMG Petronas F1 Team plans to navigate this advanced course by utilizing SAP S/4HANA Finance to allocate, save, and use sources extra effectively. With embedded SAP Business AI capabilities, the group can forecast prices, predict the ultimate finances wants, and optimize the availability chain and stocked objects accordingly.
To run its state-of-the-art operation, the Mercedes-AMG Petronas F1 Team is trying ahead to leveraging SAP S/4HANA Cloud, a non-public version for a safe and future-proof cloud setting. The group may use SAP Build and the SAP Business Technology Platform to implement a clear, clever enterprise structure – bringing collectively a single view of knowledge and techniques from varied sources throughout the group. Doing so can result in shorter lead occasions for vital automobile parts, making certain a seamless circulation of elements throughout race weekends.
Julia White, Chief Marketing and Solutions Officer and member of the Executive Board at SAP SE, stated:
Formula One is among the most technologically revolutionary sports activities on the earth, the place incremental beneficial properties yield important outcomes. Given the acute circumstances below which Formula One groups function, motorsports present a world platform to showcase ability and engineering excellence. But past the race day efficiency, there’s loads happening behind the scenes. SAP is proud to associate with the Mercedes-AMG Petronas F1 Team to make sure its operations are as fine-tuned as its vehicles.
This partnership can probably create a brand new blueprint for the automotive trade. Formula One is the place the most recent improvements for the automotive sector are invented and premiered. Together, SAP and the Mercedes-AMG Petronas F1 Team will ship new improvements backed by Formula One insights that may go on to serve and form the companies of different SAP prospects.
Toto Wolff, CEO and Team Principal, added:
We are delighted to announce SAP as an Official Team Partner of the Mercedes-AMG Petronas F1 Team. Our shared heritage and dedication to innovation and enchancment will meaningfully contribute to our on-track efficiency. SAP is a world chief in its area, and we couldn’t consider a greater associate to assist us enhance our efficiencies in 2024 and past.
Richard Sanders, Chief Commercial Officer of the Mercedes-AMG Petronas F1 Team, commented:
SAP has a long-standing historical past of sensible partnerships with among the greatest groups and leagues throughout elite-level sports activities. We are proud to change into the most recent to hitch forces with one of many world’s main firms. Their data, experience, and companies will likely be important in enabling better efficiencies inside the group.
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